Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

June 30, 2005 19:00 ET

Contec Completes Issuance of Employee Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 30, 2005) - Further to the news release dated June 16, 2005, Contec Innovations Inc. (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, has completed the issuance of 317,473 shares to employees of the Company at a deemed price of C$0.13 per share.

The shares covered under this issuance represents the amount certain employees purchased for the period April 1 to May 31, 2005 under an optional program that enables them to invest in shares of the Company by being paid a percentage of their salary in common shares.

The TSX Venture Exchange accepted this transaction on June 21, 2005 and the shares issued will be subject to a four-month hold period expiring October 21, 2005.

ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS

Don Lay, CEO

About Contec Innovations

Contec accelerates the growth of the mobile Internet by enabling mobile service providers to capitalize on new data services. 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 allowing service providers to generate new revenues by efficiently deploying reliable and compelling data applications. Founded in 1999 and headquartered in Vancouver, Canada, Contec is listed on the TSX Venture Exchange under the 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.


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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