Features for this Share Contacts app include:
-Send contacts by SMS (along with customized text)
-Send Customized information
-Retrieve contact information from SMS
-Pick up contact information from saved contacts
-Save retrieved Contact Information in Phone Contacts
The developers of the app seem responsive in updating the app, which requires Android 2.1 and can be installed from Android Market. The work is in progress still and the app will surely get better and finer, adding new features, with the passage of time. XDA developers are always in action to fix, improve and change everything for Android platform.