Contec Innovations Inc.

Contec Innovations Inc.

March 01, 2005 20:25 ET

Contec Completes Issuance of Employee & Consultant Shares


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CONTEC INNOVATIONS INC.

TSX VENTURE SYMBOL: BUZ

MARCH 1, 2005 - 20:25 ET

Contec Completes Issuance of Employee & Consultant
Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Contec
Innovations Inc. (TSX VENTURE:BUZ)

Further to the news release dated February 8, 2005, Contec Innovations
has completed the issuance of 163,086 shares, at a deemed price of $0.16
per share, to employees of the Company.

Further to the news release dated February 11, 2005, Contec has
completed the issuance of 28,571 shares, at a deemed price of $0.175 per
share, to an outside consultant to the Company.

The TSX Venture Exchange accepted these transactions on February 23,
2005 and the shares issued will be subject to a four-month hold period
expiring June 22, 2005.

Contec Innovations is listed on the TSX Venture Exchange under the
trading symbol "BUZ".

ON BEHALF OF THE BOARD OF DIRECTORS OF

CONTEC INNOVATIONS

Perry Quan, President and CEO

About Contec Innovations

Founded in 1999, Contec accelerates the growth of the mobile Internet by
enabling mobile service providers to capitalize on new data services.
Contec's objective is to provide a complete mobile data solution by
providing a technologically advanced delivery system, the Hornet, and
compelling applications that are currently being demanded by mobile
operators and service providers. 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.
With Hornet, service providers can generate new revenues by efficiently
deploying reliable and compelling data applications. Contec is
headquartered in Vancouver, Canada and is listed on the TSX Venture
Exchange under the trading 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.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Contec Innovations Inc.
    Brian Buckley
    Investor Relations
    (604) 468-5638 or 1-888-552-0360
    brian.buckley@contec.ca
    or
    Contec Innovations Inc.
    Asa Zanatta
    Media Relations
    (604) 408-1389
    azanatta@spiritcommunications.ca
    www.contec.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy of the content of the information
    contained herein.