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VANCOUVER, BC July 4, 2008 -- Contec
Innovations Inc., a global mobile service provider,
today
announced it has appointed Mr. Ma Yu, a telecom executive based
in Beijing, China, as a director of the Company. Mr. Ma has been
associated with Contec's China business operations for a number of
years as Chairman and controlling shareholder of Beijing KCTone
Technology Co. Ltd., a mobile value-added service provider partnered
with Chinese mobile operators.
Mr. Ma, a graduate in Business Management at China Social Science
Academy, set up a regional CDMA mobile network and in 2002 successfully
sold it to China Unicom, the country's second largest mobile operator.
In addition to its value-added service business, KCTone is planning a
new metro-based broadband wireless network, designed to deliver
services for communities and enterprises.
"I am pleased to welcome Mr. Ma to the board," said Don Lay,
Contec's president and CEO. "His experience and perspective can
certainly help us in China, the world's largest mobile market."
The Company has granted 110,000 options to Mr. Ma, expiring June
27, 2013; and 125,000 options to a consultant, expiring June 27, 2009,
pursuant to the Company's Employee Incentive Stock Option Plan. Each
option is exercisable at the price of $0.10 per common share and is
subject to a four-month hold period expiring October 28, 2008. The
grant of these stock options is subject to TSX Venture Exchange
approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS
Don Lay, President & CEO
About Contec Innovations
Contec is an innovator in mobile technology and services. The 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 has one of fthe 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.
Information Source: Marketwire
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