Contec Innovations Highlighted at Monte Jade Technology Mission in Asia; MOU Signing Ceremony with HKWDC

Contec Innovations (TSX Venture Exchange -- Symbol BUZ") gained significant exposure at the Monte Jade Technology Mission to Asia held in late June. Monte Jade Science & Technology Association (Western Canada), in partnership with the National Research Council (NRC), organized the 14-day technology mission to Seoul, Hong Kong and Shanghai with information technology and communications companies. The mission focused on partnering with qualified companies in Korea, Hong Kong and China.

Vancouver, Canada (PRWEB) August 9, 2004 -- Contec Innovations (TSX Venture Exchange -- Symbol BUZ") gained significant exposure at the Monte Jade Technology Mission to Asia held in late June. Monte Jade Science & Technology Association (Western Canada), in partnership with the National Research Council (NRC), organized the 14-day technology mission to Seoul, Hong Kong and Shanghai with information technology and communications companies. The mission focused on partnering with qualified companies in Korea, Hong Kong and China.

The mission provided the opportunity for Contecs senior management to meet with key industry leaders, potential and existing customers, potential strategic investors and business partners and government officials. While in China, management presented Contec to top-level executives from China Mobile (worlds largest mobile phone operator) and China Unicom (second largest mobile operator in China).

Frank Pho, Director, Monte Jade (Western Canada) and Managing Director, Information technology, of the Venture Capital Group at the Business Development Bank of Canada commented, "The mission was successful in bringing together some of the best emerging Canadian IT/telecom companies with business and financial leaders in Seoul, Hong Kong and Shanghai. We were extremely happy to contribute to Contecs efforts in Asia".

"We would like to thank Monte Jade (Western Canada) and the National Research Council for organizing this technology mission to Asia. This mission was an enormous success for Contec providing us with new opportunities to market our company and products to several highly qualified potential customers, partners and investors in China, Hong Kong and Korea", said Perry Quan, President and CEO of Contec Innovations.

While in Hong Kong, a signing ceremony of the Memorandum of Understanding between the Hong Kong Wireless Development Centre Ltd. (HKWDC) and Contec Innovations was held. The signing ceremony took place at HKWDCs facility at Cyberport in Hong Kong and was attended by representatives of HKWDC, Contec Innovations, The National Research Council and the Canadian Consulate. It was a significant milestone for HKWDC and Contec as it marked the launch of formal ties between each company.

In June of this year, Contec announced the signing of a Memorandum of Understanding (MOU) with the Hong Kong Wireless Development Centre Ltd. (HKWDC) for the deployment of Contecs Hornet DE mobile services delivery platform. The Hornet will be installed in Q3 of this year in HKWDCs facility at Cyberport in Hong Kong and will be connected to all six mobile operators in Hong Kong: CSL, Hutchison, SmarTone, Sunday, New World and Peoples.

The relationship between HKWDC and Contec, and the Hornet installation at HKWDCs facility, will be instrumental in helping Contec build the developer network in Hong Kong that is part of the Companys global Hornet Developer Network (HDN) strategy. The Companys HDN initiative calls for building out a network of interconnected Hornets across the globe that can provide wireless application developers, Service Providers and Mobile Network Operators with an environment to collaborate on application development and commercialization opportunities.

Nicholas Fong an Industrial Technology Advisor of the National Research Council (NRC) stated, "As NRC's representative at the MOU signing ceremony between HKWDC and Contec, I was pleased to see the level of enthusiasm around the upcoming Contec Hornet installation at HKWDC."

Contec Innovations is listed on the TSX Venture Exchange under the trading symbol BUZ".

ON BEHALF OF THE BOARD OF DIRECTORS OF

CONTEC INNOVATIONS

Perry Quan", President and CEO

About Monte Jade (Western Canada)

Monte Jade was established by a group of high-tech Chinese American executives in Silicon Valley in 1989. Monte Jade (Western Canada), a non-profit association for the producers and users of technology, is patterned after eight successful Monte Jade Associate chapters in the U.S. These chapters have already achieved tremendous records including involvement in about 300 high tech companies that employ approximately 30,000 highly skilled researchers and generate some $4 billion in revenues. On behalf of its membership, Monte Jade (Western Canada) promotes and facilitates the development of a strong commercial technology industry globally and partnering and investment between technology companies in Canada and Asia. For more information, visit www.mjcanada.com.

About The National Research Council (NRC)

NRC employs close to 4,000 people across Canada, providing substantial resources to help Canada become one of the world's top five R&D performers by 2010. NRC is the Government of Canada's premier organization for research and development and has been active for over 80 years. For more information, visit www.nrc-cnrc.gc.ca.

About Contec Innovations

Founded in 1999 by leaders of the wireless industry, Contec accelerates the growth of the mobile Internet by enabling mobile service providers to capitalize on new data services. Contec's core product, the Hornet, is an open, carrier-class mobile services delivery platform capable of hosting multiple mobile applications in a secure, scalable environment. With Hornet, service providers can generate new revenues by efficiently deploying reliable and compelling data applications. Contec is headquartered in Vancouver, Canada and is listed on the TSX Venture Exchange under the trading symbol BUZ". For more information, visit www.contec.ca.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. 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 Companys expectations. Hornet is a trademark of Contec Innovations Inc.

For more information, please contact:

Brian Buckley, Contec Investor Relations

Tel: 604-468-5638 or 1-888-552-0360

brian.buckley@contec.ca

Asa Zanatta, Media Relations

Tel: 604-408-1389

azanatta@spiritcommunications.ca