Contec Innovations Inc.

Contec Innovations Inc.

November 20, 2007 09:30 ET

Contec Innovations Retains Ascenta Capital Partners Inc. for Investor Communications Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2007) - Contec Innovations (TSX VENTURE:BUZ) ("Contec") is pleased to announce it has retained Ascenta Capital Partners Inc. ("Ascenta") of Vancouver, British Columbia, to provide investor relations services.

Commencing November 15, 2007, Ascenta will receive a monthly retainer of $6,000 for a 12-month term, subject to termination by either party with 30 days written notice. Contec will also issue, as compensation to Ascenta, an option to purchase 400,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$0.10 per share. They will vest in accordance with TSX Venture Exchange guidelines and be subject to a four-month hold period.

"In the last few months, Contec has made great strides in the provision of mobile services in emerging markets," says Don Lay, Contec's president & CEO. "As our business model evolves, it is vital to maintain complete and timely investor communications. Ascenta is a leader in this field and we look forward to taking advantage of their expertise in the coming months."

Contec has identified a substantial opportunity in the emerging markets of China, Africa, India and Southeast Asia, where BUZmob™, its new mobile publishing service, will facilitate the delivery of internet content to mobile handsets. The company recently announced a partnership with Umliba, a South African-based mobile media company, to use BUZmob™ to bring mobile soccer channels for the Barclays English Premiership League (EPL), the South African Premier Soccer League (PSL), and other major sports channels to African mobile users. Contec and Umliba personnel are currently attending the GSM-3G Africa conference in Cape Town and meeting with mobile operators actively looking to offer these sports-based content services.

About Contec Innovations

Contec Innovations Inc. (TSX VENTURE:BUZ) operates the BUZmob™ mobile publishing service. BUZmob™ delivers digital content to mobile users on any device, on any network, anywhere in the world. BUZmob™ is powered by Contec's Hornet™, a mobile data infrastructure solution that accelerates the creation and rollout of mobile data services. Headquartered in Vancouver, Canada, Contec has a sales and support office in Beijing, China. For more information: or

About Ascenta Capital Partners Inc.

Ascenta is a leading provider of investor relations services to public companies in Canada. Ascenta's strength is its disciplined approach to the development and execution of strategic, customized investor relations programs and services.

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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