Success Hub Investments Limited

May 18, 2006 20:06 ET

Success Hub Investments Limited: News Release

TORTOLA, BRITISH VIRGIN ISLANDS--(CCNMatthews - May 18, 2006) - Success Hub Investments Limited (the "Offeror"), of PO Box 957, Offshore Incorporations Center, Road Town, Tortola, British Virgin Islands, announces that it has acquired, by way of a private placement (the "Transaction"), beneficial ownership of and control over, 5,000,000 Units of Contec Innovations Inc. ("Contec"), a reporting company whose shares are posted and listed for trading on the TSX Venture Exchange under the trading symbol "BUZ". Each Unit consists of one common share of Contec and one-half of one share purchase warrant, where each whole warrant entitles the Offeror to purchase one additional common share of Contec at the price of C$0.32 per share for a period of up to one year.

As a result of the Transaction, the Offeror beneficially owns and controls, or is deemed to own, a total of 7,500,000 common shares of Contec, which represented 13.49% of the issued and outstanding common shares of Contec as at the completion of the Transaction.

The securities were purchased by the Offeror for investment purposes and the Offeror may in the future acquire ownership of, or control over, additional securities of Contec.

For a copy of the full report filed in respect of this matter, please contact Wang Jiie at (8610) 82330988.

Contact Information

  • Success Hub Investments Limited
    Wang Jiie
    (8610) 82330988
    (8610) 82330989 (FAX)