Contec Announces Warrant Incentive Program

The total proceeds to Contec if all the Warrants are exercised is C$862,500 before costs and commissions (1,254,000 warrants expiring November 22, 2006: C$313,500, 1,246,000 warrants expiring December 16, 2006: C$311,500 and 950,000 warrants expiring January 26, 2007: C$237,500). The warrant incenti...

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Bibliographic Details
Published inMarketwire p. 1
Format Trade Publication Article
LanguageEnglish
Published Toronto Intrado Digital Media Canada Inc 02.11.2006
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Summary:The total proceeds to Contec if all the Warrants are exercised is C$862,500 before costs and commissions (1,254,000 warrants expiring November 22, 2006: C$313,500, 1,246,000 warrants expiring December 16, 2006: C$311,500 and 950,000 warrants expiring January 26, 2007: C$237,500). The warrant incentive program is subject to approval from the TSX Venture Exchange and the Units issued upon the exercise of the warrants are subject to a 4-month hold period. Contec Innovations (TSX VENTURE:BUZ) provides mobile data infrastructure software that accelerates the development and rollout of new mobile data services. Hornet(TM), 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 425 million mobile subscribers. Contec, headquartered in Vancouver, Canada has sales and support offices in China. For more information, visit www.contec.ca.