Contec Innovations Inc.

Contec Innovations Inc.

October 04, 2007 09:00 ET

Contec Appoints Greg Paull as Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - Contec Innovations (TSX VENTURE:BUZ), a provider of mobile software and services, today announced it has appointed Mr. Greg Paull, a principal at R3 Asia Pacific, as an advisor to the company.

Greg Paull has for more than twenty years been a marketer and advertising executive in Australia, Singapore, Hong Kong, London, New York and now China. In his agency life, he worked at Bates, Ogilvy and in several roles at the Interpublic Group in Asia Pacific. Five years ago, Mr. Paull co-founded R3, the only independent Asian consultancy focused on improving marketing efficiency and effectiveness. R3's clients in the region include Coca Cola, McDonalds, Singapore Airlines, adidas, Visa and Johnson & Johnson. R3 is currently conducting China's largest ongoing Olympic benchmarking analysis - interviewing 16,500 people in ten cities as well as reviewing hundreds of marketing campaigns and the ROI on Olympic media investment.

"We have now started to market our BUZmob mobile publishing solution in China, so it's great to add someone of Greg's caliber to the advisory team," said Don Lay, Contec's CEO.

Contec has granted incentive stock options to purchase up to 190,000 common shares of the Company at an exercise price of C$0.175 for up to five years to directors of the Company. The options will expire on September 28, 2012 and are subject to a 4-month hold-period expiring January 29, 2008. In addition Contec will issue to certain employees an aggregate of 204,328 common shares at a deemed price of C$0.105 per share. The shares covered under this issuance, which are subject to a four-month hold period, represents the amount these employees purchased for the month of September 2007 under an optional program that enables them to invest in shares of the Company by being paid a percentage of their salary in common shares. Both transactions are subject to TSX Venture Exchange approval.


Don Lay, CEO

About Contec Innovations

Contec Innovations Inc. (TSX VENTURE:BUZ) develops and markets Hornet™, a mobile data infrastructure solution that accelerates the creation and rollout of mobile data services. BUZmob™ is a Hornet-powered publishing service for mobilizing Internet content for news agencies, media companies, blog platforms and social networks. BUZmob™ provides publishers a simple, web-based solution to deliver digital content to mobile users on any device, on any network, anywhere - without requiring them to download software. Contec is headquartered in Vancouver, Canada and has a sales and support office in Beijing, China. or

The statement made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. Hornet™ is a trademark of Contec Innovations Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein.

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