Contec Innovations Inc.

Contec Innovations Inc.

April 03, 2007 19:34 ET

Contec Employees Invest in Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - Contec Innovations (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, will issue to certain employees an aggregate of 166,450 common shares at a deemed price of C$0.17 per share.

The shares covered under this issuance represents the amount certain employees purchased for the month of March 2007 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 and the issuance of these shares is subject to TSX Venture Exchange approval.


Don Lay, CEO

About Contec Innovations

Contec Innovations (TSX VENTURE:BUZ) provides mobile data infrastructure software that accelerates the development and rollout of new mobile data services. Hornet™, Contec's core product, delivers a flexible and scalable application development, testing and hosting solution that quickly provisions operator branded services as well as manages third party, value-added service providers. Contec's business focus is China, the world's largest and fastest growing wireless marketplace with over 460 million mobile subscribers. Contec, headquartered in Vancouver, Canada has sales and support offices in China. For more information, visit

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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