Contec Announces Appointment of New Chief Executive Officer

Contec Announces Appointment of New Chief Executive Officer

SCHENECTADY, N.Y., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Contec Holdings, LTD
("Contec" or the "Company"), the market leader in repair and refurbishment of
customer premise equipment for the communications industry, today announced
the appointment of Hari Pillai as its new President and Chief Executive
Officer.

"We are extremely pleased that Hari will be joining our team at Contec," said
Brad Dietz, Chairman of the Board of Directors. "Mr. Pillai brings a wealth of
experience to Contec and has a proven track record of growing diverse global
technology and logistics related businesses. He is well regarded as a strong
leader with a passion for operational excellence and customer relationships.
We are extremely excited to have him lead the Contec team as we continue to
invest in the growth of our business and the quality of our customer
relationships."

During a seventeen year career at Sanmina-SCI (Nasdaq:SANM), Mr. Pillai served
in a number of executive positions at the global design and manufacturing
services company, most recently as President & Chief Operating Officer of the
Company. Prior to joining Contec, Mr. Pillai served as an advisor, investor,
operating partner and board member to a number of leading private equity and
venture capital firms, where he worked with portfolio companies in diverse
markets and technologies to guide investment decisions and improve operational
and financial performance.

Mr. Pillai succeeds Lawrence Young of AlixPartners LLC, who led Contec through
its successful reorganization.

About Contec

Contec is the market leader in the repair and refurbishment of customer
premise equipment for leading Service Providers in the communications
industry. With headquarters in Schenectady, NY, Contec provides logistical
support and repairs services for over ten million pieces of equipment annually
from state of the art facilities in Mexico and the United States. Learn more
at www.gocontec.com.

CONTACT: Pilar Tarry
         312.543.9935
        
         Bobbi Nelson
         518.382.8000 x2901
 
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