Open EC Technologies, Inc.
TSX VENTURE : OCE

Open EC Technologies, Inc.

August 18, 2008 09:00 ET

Open EC Technologies Inc China Subsidiary Receives 3rd Consecutive Top 3 Software Vendor Supplier Award From Huawei

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2008) - Open EC Technologies, Inc. ("OpenEC" or "the Company") (TSX VENTURE:OCE) is pleased to announce that its subsidiary, Jinhuaye Shenzhen Software ("Jinhuaye") has been awarded this top 3 Software Vendor Supplier award for the 3rd consecutive year from its customer, Huawei Technologies ("Huawei") based in Shenzhen, China.

Our company has improved its overall ranking to the 2nd place software vendor supplier to Huawei, from our last year's number 3 position. This award is based on eight key performance measurements including "Initial delivery software quality", "deficiency rate", "on-time delivery", "stability of software engineer team" and "on-budget financial performance".

With this award, the Company will continue to receive an additional 20% bonus on the contracts signed from the period of July 1, 2008 through to June 30, 2009.

The other top 3 vendors are Star Software Technologies ("Star") and VanceInfo Technologies ("VanceInfo"). The number 1 position award recipient Star has just been selected by Forbes China as "the 2008 Chinese enterprise with the most potential". VanceInfo, which is ranked 3rd behind Open EC Jinhuaye, is a public company listed on NASDAQ with a market capitalization of over US $350 million.

Mr. Zhongdong Zhou, co-CEO of Open EC stated, "We are honoured to receive this award three years in a row from our prestigious customer Huawei, the leader in China telecom technology and one of the top 5 telecommunication equipment providers in the world." Zhou continued to say, "the fact that we are ranked at the same level with excellent companies like Star and VanceInfo and outperformed other larger and better known competitors is recognition of our effective management, focused teams and continued commitment to providing our customers with exceptional service at the highest standard."

Huawei Technologies based in Shenzhen, China, is a leader in providing next generation telecommunications networks, with $16 billion US$ 2007 sales they now serve 31 of the world's top 50 operators, along with over one billion users worldwide. Huawei is committed to providing innovative and customized products, services and solutions to create long-term value and growth potential for its customers.

About Open EC Technologies Inc.

Open EC Technologies Inc. ("OCE") www.openec.com is a TSX Venture Exchange listed holding company specializing in the acquisition of software companies in e-business, mobile business and business to business (b2b) commerce. Our subsidiaries, SoftCare EC Solutions, www.softcare.com, and Headware Shenzhen Software, www.headware.cn provide software solutions to customers throughout North America and Asia. With over 400 employees in the OpenEC Group of companies we deliver global innovative software solutions to mid market through Fortune 100 companies.

ON BEHALF OF THE BOARD

Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting either, Mr. Martyn A. Armstrong, President & CEO of the Company or Mr. Michael (Gong) Chen, CFO of the Company.

Trading in the securities of Open EC should be considered speculative. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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