Contec Innovations Inc.

Contec Innovations Inc.

March 17, 2008 16:42 ET

Contec Completes Issuance of Employee Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Further to the news release dated March 4, 2008, Contec Innovations (TSX VENTURE:BUZ), a mobile content service provider, has completed the issuance of 208,289 common shares to employees of the Company at a deemed price of C$0.095 per share.

The shares covered under this issuance represents the amount certain employees purchased for the month of February 2008 under an optional monthly 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 March 10, 2008 and the shares issued will be subject to a four-month hold period expiring July 11, 2008.


Don Lay, CEO

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: or

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.

Contact Information