Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

May 19, 2006 19:27 ET

Contec Completes Issuance of Employee Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Further to the news release dated May 10, 2006, Contec Innovations (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, has completed the issuance of 383,645 shares to employees of the Company at a deemed price of C$0.20 per share.

The shares covered under this issuance represents the amount certain employees purchased for the period February 1, 2006 to April 30, 2006 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.

The TSX Venture Exchange accepted this transaction on May 12, 2006 and the shares issued will be subject to a four-month hold period expiring September 16, 2006.

ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS

Don Lay, CEO

About Contec Innovations

Contec accelerates the growth of the mobile Internet by enabling mobile service providers to capitalize on new data services. Contec's core product, the Hornet™, is an open, carrier-class mobile services delivery platform capable of hosting multiple mobile applications in a secure, scalable environment allowing service providers to generate new revenues by efficiently deploying reliable and compelling data applications. Founded in 1999 and headquartered in Vancouver, Canada, Contec is listed on the TSX Venture Exchange under the symbol "BUZ". For more information, visit www.contec.ca.

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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