OKALLA CORP.
TSX VENTURE : AOK

OKALLA CORP.

November 15, 2005 18:31 ET

Aloak Corp.: Two New Directors Appointed

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2005) - Aloak Corp. (TSX VENTURE:AOK) wishes to announce the appointment of Mr. Evan L. Wasoff and Mr. Colin Holowaychuk to the Board of Directors.

Mr. Wasoff of Nederland, Colorado has also been appointed a member and Chairman of the Audit Committee. Mr. Wasoff is the Chief Financial Officer of Falcon Oil & Gas Ltd., an oil and gas exploration and development company listed on the TSX Venture Exchange, and is a shareholder in the Certified Public Accounting firm of Wheeler Wasoff, P.C. in Denver, Colorado, a registered public accounting firm with the Pubic Company Accounting Oversight Board. He has over 25 years of experience in financial reporting and accounting, with particular expertise with company's filing with the US Securities and Exchange Commission. He is a consultant to Chartered Accounting firms in Calgary, Alberta and Vancouver, British Columbia, Canada. Prior to forming Wheeler Wasoff, P.C., he was a member of the audit staffs of Pannell, Kerr, Forster & Co. and Price Waterhouse. Mr. Wasoff holds an MBA in Finance from the University of Colorado and a BS in Accounting from the State University of New York at Albany. He is a licensed CPA in Colorado, and a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants.

Mr. Holowaychuk of Calgary, Alberta is the Senior Product Advisor and former Vice President of Sales and Marketing North America for NETELLER, an international online financial services company. He has held several senior management positions in the IT and communications industries with particular emphasis on marketing, product development and operations management in high growth firms. Colin served as President of ProBilling, an online payment processor and pioneer in alternative payment solutions. Prior ProBilling, he was the Founder and Managing Director of two award winning interactive marketing agencies. Colin has consulting experience in both online and offline businesses and was an instructor at The Media Classroom, an institution specializing in video post production, ecommerce and interactive application development.

All statements other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Aloak Corp. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.


The TSX Venture has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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