BUZ Contec Innovations (Tier2)

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Contec Innovations Inc. (TSX VENTURE:BUZ) ("Contec" or the "Company"), a mobile
service provider, today announced its intention to conduct a non-brokered
private placement offering to raise gross proceeds of up to C$1,600,000. Under
the terms of the private placement, the Company will offer for sale up to
32,000,000 Units (the "Units") at C$0.05 per Unit. Each Unit will consist of one
common share and one transferable 3-year share purchase warrant (the "Warrant")
where each Warrant will allow the subscriber to purchase one additional common
share at a price of C$0.05 per common share for the first year and C$0.10 per
common share for two additional years.


"We have made tremendous progress in rolling out BUZmob(TM) commercial services
and are seeing good uptake of our mobile sports services in key markets," said
Don Lay, President and CEO. "Live sports information is in demand everywhere on
the planet and immediate access to the sports team of your choice on a mobile
phone has built-in demand from consumers, advertisers and media companies
worldwide. Contec's BUZmob meets that demand". Partnered with many of the
world's leading content providers, BUZmob is a managed service offering that
delivers brandable live mobile services for mobile operators, media companies
and service providers.


Insiders, significant existing shareholders and new investors familiar with the
mobile industry are leading the financing. "In this difficult stock market
environment it is gratifying to see the confidence of knowledgeable industry
investors who, by investing in our offering, recognize not only that the mobile
phone represents the new device of choice for accessing the Internet but also
that Contec is a leader in the fast-growing global market for mobile information
delivery," added Mr. Lay.


Proceeds from the private placement will be used for continued commercial
roll-out of BUZmob mobile services in China, Southeast Asia and Africa, sales
and marketing, for the development of new services and for general working
capital purposes.


Contec may pay a cash finder's fee equal to 8% of the total gross proceeds of
the offering raised from arm's length subscribers, in cash or Units, at the
discretion of the finder. The shares issued upon the closing of the private
placement are subject to a four-month hold period. The offering is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the TSX Venture Exchange.


About Contec Innovations

We are innovators in mobile technology and services. Our BUZmob(TM) 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 INC.

Don Lay, President and CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "US Securities Act") or any state securities laws and may not be
offered or sold within the United States or to US Persons unless registered
under the US Securities Act and applicable state securities laws or an exemption
from such registration is available.


Forward Looking Statements

This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Company expects to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Forward-looking statements in this document include statements
regarding the expected completion of the proposed private placement.


Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause the actual
results to differ materially from those in forward-looking statements include
market conditions, continued availability of capital and financing, inability to
obtain required regulatory approvals, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ materially
from those projected in the forward-looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. The Company undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.


These statements are based on a number of assumptions, including, among others,
assumptions regarding general business and economic conditions, the timing of
the receipt of required regulatory approvals for the Company's proposed
transactions, the availability of financing for the Company's proposed
transactions and the ability of the Company to enter into commercialization
agreements with third parties on reasonable terms in a timely manner. The
foregoing list of assumptions is not exhaustive. Events or circumstances could
cause results to differ materially.


Hornet(TM) and BUZmob are trademarks of Contec Innovations Inc.

Contec Innovations (Tier2) (TSXV:BUZ)
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Contec Innovations (Tier2) (TSXV:BUZ)
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