VANCOUVER, July 5 /PRNewswire-FirstCall/ -- (OTCBB:STOI) ("ST Online" or the "Corporation") wishes to announce that it has entered into an agreement to acquire all of the shares of Park Place Energy, Inc. ("Park Place") a private Canadian corporation with interests. In anticipation of the completion of the reorganization the Company has agreed to appoint David Stadnyk to the board of the Company, elected to change its name to Park Place Energy Corp. and implement an 8 for 1 split of its shares, all of which become effective July 6, 2007. Subsequent to determining these matters the board has resolved to effect a further 1.5 for 1 split of its stock in order to effectively split the current issued shares of the Company 12 for 1. The record date for this latter split remains to be determined. ABOUT PARK PLACE ENERGY Park Place Energy is first and foremost a global energy corporation. Currently, it has Canadian production as well as several exploration properties with blue-sky potential, in Canada, and most notably a major North Sea property as well. Its primary activity is in oil and gas exploration and development, including the Canadian oilsands. Park Place utilizes its expertise in the oil and gas industry to create shareholder value and profitability by pursuing attractive opportunities in the global oil and gas industry. Using the appropriate financial resources and the latest technologies, Park Place Energy, alone or through creative joint ventures and innovative partnerships, has a strategic five-year operating plan to optimize profitability and shareholder value. Certain information regarding the Company contained herein may constitute forward looking statements. These statements my include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Park Place Energy believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied. The Company is under no obligation to update or alter any forward looking statement. These risks include operational and geological risks, the ability of the Company to raise necessary funds for exploration and the fact that the Company does not operate all its properties. Park Place Energy's forward looking statements are expressly qualified in their entirety by this cautionary statement. CONTACT: David Stadnyk, President and Chief Executive Officer, Park Place Energy Inc., (604) 685-0076; Investor Relations Park Place Energy Inc., (604) 685-0076, Email: Website: http://www.parkplaceenergy.com/ DATASOURCE: Park Place Energy Inc. CONTACT: David Stadnyk, President and Chief Executive Officer, Park Place Energy Inc., (604) 685-0076; Investor Relations Park Place Energy Inc., (604) 685-0076, Email: Website: http://www.parkplaceenergy.com/

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