July 16, 2008 16:00 ET

MPVC Inc. Announces Closing of Financing

TORONTO, ONTARIO--(Marketwire - July 16, 2008) - MPVC Inc. (TSX VENTURE:OCI) (the "Company") is pleased to announce that it has closed a non-brokered private placements offering (the "Offering") to three (3) arm's length subscribers for aggregate gross proceeds of $125,000.

The Offering was for an aggregate of 1,250,000 common shares in the capital of the Company (each a "Common Share") at a purchase price of $0.10 per Common Share for gross proceeds of $125,000. No commissions or finder's fees were payable by the Company pursuant to the Offering.

The Common Shares are all subject to a four (4) month statutory hold commencing from the date of issuance. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.

All proceeds raised under this Offering will be used by the Company to fund general working capital requirements.

About MPVC Inc.

The Company, through its wholly owned subsidiary OCI, is committed to providing and managing specialized inbound and outbound customer care, sales and marketing, technical support and many other centralized contact center services to its clients. The Company's focus is on providing single source solutions for all clients' contact center needs from its growing base of delivery centers. The Company is dedicated to providing a quality and breadth of service that exceeds client expectations.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information