Otis Capital Corp. Completes Initial Public Offering

November 28, 2007

OSE CORP. (TSX-V:OOO.P) (the "Company") is pleased to announce that it has completed its initial public offering of 1,000,000 common shares at a price of $0.20 per share, for aggregate gross proceeds of $200,000. PI Financial Corp. acted as the agent for the offering and received a cash commission of $20,000 as well as a non-transferable option to purchase up to 100,000 common shares at a price of $0.20 for 24 months from the date that common shares of the Company are listed on the TSX Venture Exchange. The Company will commence trading as a capital pool company on November 29, 2007.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.