Ocean Park Ventures Corp.
TSX VENTURE : OCP.H

January 22, 2010 15:00 ET

Ocean Park Enters Financial Advisory Services Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Ocean Park Ventures Corp. (the "Company") (TSX VENTURE:OCP.H) announced today that it has entered into a financial services and advisory agreement with Axemen Resource Capital Ltd. ("Axemen") pursuant to which Axemen has agreed to provide general financial advisory services with respect to the Company's strategic direction and corporate development.

The Company has also appointed Wan Jung to the position of Chief Financial Officer. Mr. Jung is a Certified General Accountant with over 30 years experience. He was the former Director of Finance for NIKE Canada Ltd., and also serves as a director and senior officer of several public companies, and is a member of the Certified General Accountants of British Columbia. Mr. Jung replaces Robert Chisholm, who has resigned from the position of Chief Financial Officer but remains a director of the Company.

The Company also announces it has agreed to grant options to purchase an aggregate of 1,525,000 common shares to certain directors, officers and a consultant of the Company. The options can be exercised at 81 cents per common share for a period of five years from the date of the grant.

We seek Safe Harbor.

OCEAN PARK VENTURES CORP.

On behalf of the Board

Donald Gee, CEO/President/Director

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ocean Park Ventures Corp.
    Donald Gee
    President and CEO
    (604) 618-3433