Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

February 29, 2008 17:00 ET

Contec Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - Contec Innovations (TSX VENTURE:BUZ), a mobile content service provider, today announced the completion, subject to TSX Venture Exchange approval, of its private placement offering, originally announced February 22, 2008, of 12,000,000 common shares (the "Shares") at C$0.10 per share. Such Shares are subject to a four-month hold period expiring June 30, 2008. Insider participation in this private placement was for 10,200,000 Shares.

The proceeds of the private placement will be added to working capital and will fund business development and ongoing marketing efforts of BUZmob™, Contec's mobile publishing service.

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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