Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

March 05, 2008 09:00 ET

Contec and Danet Join Forces to Deliver Mobile Services to Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2008) - Contec Innovations (TSX VENTURE:BUZ), a mobile service provider, and Danet GmbH, a leading German consulting and information technology service firm, today announced a licensing and revenue sharing agreement to deliver mobile data and managed content services to the African marketplace. Specific details of the first consumer offering will be provided at the time of launch, anticipated to be in the first half of 2008.

"Danet, with tremendous expertise in both telecom and managed services arenas, is a fine partner to support the delivery of robust services to telecommunications operators," says Don Lay, President and CEO of Contec Innovations. "This partnership will service the growing market demand in Africa for mobile web and data services."

Danet has licensed Hornet™, Contec's mobile data infrastructure solution to deliver a broad range of revenue-generating mobile data and content services for the mobile operator. The scalable, carrier-class platform, which Danet operates in a secure hosted environment, supports the rapid development and roll-out of new mobile data services. "We have chosen Hornet because of its great flexibility for integration within an existing mobile network environment and its extended capabilities to launch content, communication and office services with short time to market," says Andreas Klinger, VP Rating & Billing Solutions for Danet.

The terms of the agreement provide Contec with both direct service fee revenue and revenue-sharing income based on mobile subscription uptake. Danet is responsible for fulfilling systems integration and ongoing service delivery operations.

About Danet

The Danet Group is a leading and independent IT consulting and service enterprise. Competence and more than 25 years of experience in the ICT market make Danet an ideal innovative partner for consulting, system integration, and managed service and outsourcing of complex IT applications.

Danet designs, develops, implements and operates well-founded business solutions over the entire added-value chain of our customers. Danet's largest customers are involved in the telecommunication, finance, automotive, transport and logistics sectors.

Besides the company's headquarters in Weiterstadt (near Frankfurt), Danet has operations in Hamburg, Cologne, Munich and Stuttgart, Germany. Danet's subsidiaries abroad are located in Vienna, Austria and Brighton, United Kingdom. For further information visit www.danet.com.

About Contec Innovations

Contec Innovations Inc. (TSX VENTURE:BUZ) operates the BUZmob™ mobile publishing service. BUZmob delivers digital content to mobile users on any device, on any network, anywhere in the world. BUZmob is powered by Contec's Hornet™, a mobile data infrastructure solution that accelerates the creation and rollout of mobile data services. Headquartered in Vancouver, Canada, Contec has a sales and support office in Beijing, China. For more information: www.contec.ca or www.buzmob.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS

Don Lay, CEO

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.

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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