Contel

Contel: has entered into an MOU with YuuZoo to negotiate and finalize the potential acquisition of YuuZoo by way of exchange for new shares in Contel. The proposed transaction, if successful, will result in a change of control of the Co and would constitute as a reverse take-over (RTO). According to YuuZoo, the co is a profitable, fast growing co, incorporated in the BVI and HQ in Spore, with global reach that builds mobile-optimized but device-agnostic Targeted Social Networks for consumers. See www.yuuzoo.com (http://www.yuuzoo.com) for more info. Contel is in top volume this morning session, +32.5% at 5.3cts.