Contec Innovations Inc.

Contec Innovations Inc.

August 24, 2005 19:00 ET

Contec Employees Invest in Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2005) - Contec Innovations Inc. (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, will issue to certain employees an aggregate of 346,567 common shares at a deemed price of C$0.135 per share.

The shares covered under this issuance represents the amount certain employees purchased for a portion of May 2005 and for the period June 1 to July 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. These shares will be subject to a four-month hold period. The issuance of these shares is subject to TSX Venture Exchange approval.


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".

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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