Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

November 04, 2005 18:59 ET

Contec Employees Invest in Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 4, 2005) - Contec Innovations (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, will issue to certain employees an aggregate of 401,284 common shares at a deemed price of C$0.145 per share.

The shares covered under this issuance represents the amount certain employees purchased for the period August 1 to September 30, 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.

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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