news release |
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Zi Completes US$1 Million Short Term Financing
CALGARY, AB, January 27, 2004 – Zi Corporation (Nasdaq: ZICA) (TSX: ZIC), a
leading provider of intelligent interface solutions, today
announced that it has entered into an agreement with an affiliate
of a Canadian registered securities dealer to borrow US$1 million
under a short term credit facility secured by five million shares
of the 29.75 million shares of Magic Lantern Group, Inc.
(AMEX:GML) owned by Zi. Under a fiscal agency agreement signed
with the affiliate, Zi issued 400,000 options to purchase common
shares of Zi at CDN $3.25. Proceeds of the financing were used to
meet certain obligations due on December 31, 2003, and for
working capital purposes.
About Zi Corporation
Zi Corporation (www.zicorp.com) is a technology company that
delivers intelligent interface solutions to enhance the user
experience of wireless and consumer technologies. The company's
intelligent predictive text interfaces, eZiTap™ and eZiText®, allow
users to personalize the device and simplify text entry providing
consumers with easy interaction for short messaging, e-mail,
e-commerce, Web browsing and similar applications in almost any
written language. eZiNet™, Zi's new client/network based data
indexing and retrieval solution, increases the usability for
data-centric devices by reducing the number of key strokes
required to access multiple types of data resident on a device, a
network or both. Zi supports its strategic partners and customers
from offices in Asia, Europe and North America. A publicly traded
company, Zi Corporation is listed on the Nasdaq National Market
(ZICA) and the Toronto Stock Exchange (ZIC).
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For more information:
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Investor Inquiries: Allen & Caron Inc Jill Bertotti (949) 474-4300 jill@allencaron.com |
Zi Corporation Dale Kearns, Chief Financial Officer (403) 233-8875 investor@zicorp.com |
Media Inquiries: Allen & Caron Inc Len Hall (949) 474-4300 len@allencaron.com |