Orbit E-Commerce Announces Signing A Letter Of Intent To Acquire Certain Assets From Purenet.TV LLC And Conference Call Update

by Anonymous

TORONTO April 8, 2004 -- Orbit E-Commerce Inc. (OTC Bulletin Board: OECI) announces today it has signed a Letter of Intent with PureNet. TV LLC (“PureNet”, a California company) for PureNet to provide it with certain assets required by OECI to market and sell patent protected Internet Protocol TV Services in the USA. In addition, OECI is to acquire a 10% interest in PureNet.

Douglas Lloyd, President and CEO, will hold a one-hour conference call to provide a brief update and field questions from investors and market analysts on April 12, 2004 at 4:15 PM Eastern Daylight Time. North American callers dial 1-800-440-1742 to access the conference and International callers dial 416-641-6705. Participants will be on a “listen only” mode for a brief presentation, after which the lines will be opened for question and answers.

The recorded call will be available for replay at 6:15 PM EDT and it will be archived for 7 days thereafter. To access a replay of the conference call, International callers dial 1-416-626-4100 and North American callers dial 1-800-558-5253. The access number for the replay is 21192193 for all callers.

About Orbit E-Commerce Inc.
Orbit E-Commerce Inc. was established in 2000 for the purpose of capitalizing on management's vision and expertise in the field of Internet-based telecommunications systems, products, and services. This relationship with PureNet will allow OECI to extend its communications vision and expertise into the market for IPTV services which is poised to show rapid growth in the very near future.

www.orbitecommerce.com
www.purenet.tv

Contact Information
For information regarding this press release, please contact:
Mr. Bryan Magee Executive Assistant, Orbit E-Commerce Inc.,
416-850-7139 or via e-mail at: bryan@orbitecommerce.com

Forward Looking Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions included potential issues relating to interoperability, inability to introduce new products, changes in market conditions, government regulations, technological changes and other factors. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein.