Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

October 20, 2008 12:46 ET

Contec Employees Invest in Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2008) - Contec Innovations Inc. (TSX VENTURE:BUZ), a mobile content service provider, will issue to certain employees an aggregate of 274,548 common shares at a deemed price of C$0.075 per share.

The shares covered under this issuance represent the amount certain employees purchased for the month of September 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.

Contec no longer engages Ascenta Capital in an investor relations capacity.

About Contec Innovations

We are innovators in mobile technology and services. Our BUZmob™ live mobile services enable mobile operators, media companies and service providers to generate new revenue from dynamic content services that engage mobile audiences worldwide - on every handset, every network, everywhere. BUZmob offers the largest portfolio of live news, sports, entertainment and finance mobile content delivered as a managed service. Headquartered in Vancouver, Canada, Contec Innovations (TSX VENTURE:BUZ) has a sales and support office in Beijing, China. For more information: www.contec.ca or www.buzmob.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS

Don Lay, President and CEO

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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