Contec Innovations Inc.

Contec Innovations Inc.

July 04, 2008 09:00 ET

Contec Appoints China-Based Board Member

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2008) - Contec Innovations Inc. (TSX VENTURE:BUZ), a global mobile service provider, today announced it has appointed Mr. Ma Yu, a telecom executive based in Beijing, China, as a director of the Company. Mr. Ma has been associated with Contec's China business operations for a number of years as Chairman and controlling shareholder of Beijing KCTone Technology Co. Ltd., a mobile value-added service provider partnered with Chinese mobile operators.

Mr. Ma, a graduate in Business Management at China Social Science Academy, set up a regional CDMA mobile network and in 2002 successfully sold it to China Unicom, the country's second largest mobile operator. In addition to its value-added service business, KCTone is planning a new metro-based broadband wireless network, designed to deliver services for communities and enterprises.

"I am pleased to welcome Mr. Ma to the board," said Don Lay, Contec's president and CEO. "His experience and perspective can certainly help us in China, the world's largest mobile market."

The Company has granted 110,000 options to Mr. Ma, expiring June 27, 2013; and 125,000 options to a consultant, expiring June 27, 2009, pursuant to the Company's Employee Incentive Stock Option Plan. Each option is exercisable at the price of $0.10 per common share and is subject to a four-month hold period expiring October 28, 2008. The grant of these stock options is subject to TSX Venture Exchange approval.


Don Lay, President & CEO

About Contec Innovations

We are innovators in mobile technology and services. Our BUZmob™ Mobile Media Network enables mobile operators, media publishers and service providers to generate new revenue from dynamic content services that engage mobile audiences worldwide. Contec Innovations (TSX VENTURE:BUZ) has the largest portfolio of "live" news, sports, entertainment and finance mobile content channels delivered as a managed service. Headquartered in Vancouver, Canada, Contec has a sales and support office in Beijing, China. For more information:

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™ and BUZmob™ are trademarks 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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