Contec Innovations Inc.

Contec Innovations Inc.

July 07, 2008 16:30 ET

Contec Employees Invest in Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2008) - Contec Innovations Inc. (TSX VENTURE:BUZ), a global mobile service provider, will issue to certain employees an aggregate of 229,825 common shares at a deemed price of C$0.09 per share.

The shares covered under this issuance represents the amount certain employees purchased for the month of June 2008 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, President & CEO

About Contec Innovations

We are innovators in mobile technology and services. Our BUZmob™ Mobile Media Network enables mobile operators, media publishers and service providers to generate new revenue from dynamic content services that engage mobile audiences worldwide. Contec Innovations (TSX VENTURE:BUZ) has the largest portfolio of "live" news, sports, entertainment and finance mobile content channels delivered as a managed service. Headquartered in Vancouver, Canada, Contec has a sales and support office in Beijing, China. For more information:

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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