Contec Innovations Inc.
TSX VENTURE : BUZ

Contec Innovations Inc.

May 03, 2007 21:20 ET

Contec's CEO Acquires Additional Shares

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Contec Innovations (TSX VENTURE:BUZ), a provider of mobile Internet infrastructure software, today announced that Don Lay, director and CEO of Contec, has acquired an additional 1,173,779 common shares of Contec Innovations Inc., representing approximately 1.9 percent of the issued and outstanding common shares of Contec. The shares were acquired on April 30, 2007, at a price of 15 cents per share via the exercise of 1,173,779 share purchase warrants.

After giving effect to the acquisition of the shares, Mr. Lay holds 6,588,986 common shares of Contec, representing approximately 10.67 percent of the issued and outstanding common shares of Contec Innovations. Mr. Lay acquired the shares for investment purposes.

ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS

Sean Alger, Corporate Secretary

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 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.

Contact Information