Article: Aloak Corp. Announces Proposed Acquisition of Web Transaction Services, Inc.

CALGARY, ALBERTA--(CCNMatthews - June 1, 2006) -

(Not for dissemination in the United States of America)

Aloak Corp. ("Aloak") (TSX VENTURE:AOK) is pleased to announce that it has entered into a letter agreement dated May 31, 2006 (the "Letter Agreement") with Web Transaction Services, Inc. ("WTS") of Austin, Texas respecting a transaction in which Aloak will acquire all of the issued and outstanding common shares of WTS. The transaction is an arm's length transaction and is subject to the policies of the TSX Venture Exchange.

About the Acquisition

The shareholders of WTS and Aloak have agreed that Aloak will acquire all of the issued and outstanding common shares of WTS in exchange for an ...

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