Contec Employees Invest in Shares
2008-08-06 07:45:00
Contec Employees Invest in Shares
VANCOUVER, BRITISH COLUMBIA–(EMWNews – Aug. 6, 2008) – Contec Innovations Inc. (TSX VENTURE:BUZ), a global mobile services provider, will issue to certain employees an aggregate of 295,731 common shares at a deemed price of C$0.07 per share.
The shares covered under this issuance represents the amount certain employees purchased for the month of July 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.
About Contec Innovations
We are innovators in mobile technology and services. Our BUZmobTM Mobile Media Network enables mobile operators, media publishers and service providers to generate new revenues from dynamic content services that engage mobile audiences worldwide. Contec Innovations (TSX VENTURE:BUZ) has the largest portfolio of live news, sports, entertainment and finance content channels delivered as a managed service. Headquartered in Vancouver, Canada, Contec has a sales and support office in Beijing, China. For more information please visit www.contec.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF CONTEC INNOVATIONS
Don Lay, CEO
The statements 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. HornetTM 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.
For more information, please contact Contec Innovations Inc. or Ascenta Capital Partners Inc. |
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