news release
Statement by Zi Corporation
CALGARY, AB, Canada February 2, 2006 - Zi Corporation (Nasdaq:ZICA) (TSX:ZIC), a leading provider of intelligent interface solutions, today announced the Court of Queen's Bench of Alberta Judicial District of Calgary has ruled in favor of Zi on a motion made by Marty Steinberg, Esq., Receiver for the Lancer Group of Funds.
The Receiver had attempted to call a special meeting of shareholders in the summer of 2005 to change the board of directors. Zi applied to the Court and obtained an injunction of the Court of Queen's Bench of Alberta, alleging the shares controlled by the Receiver were acquired in breach of Alberta securities laws, and that the Receiver should be prevented from using the illegally acquired shares to change the board. The Receiver brought a motion to contest the Alberta court's jurisdiction, and to seek to have all matters dealt with in a Florida court. The Alberta court, in a decision dated January 31, 2006, denied the Receiver's application, affirmed its injunction against the Receiver and ruled that an Alberta court is the proper forum to consider matters under the Alberta Business Corporations Act and to consider the breaches that Zi alleges occurred under Alberta legislation. Zi had previously agreed to a US venue for resolving certain contractual issues with the Receiver, and the Alberta court acknowledged that such agreement does not affect the Alberta court's ability to handle matters under the Alberta Business Corporations Act and Alberta securities laws.
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 provides device manufacturers and network operators with a full range of intuitive and easy-to-use input solutions, including: eZiText® for one-touch predictive text entry; eZiTap for intelligent multi-tap entry, Decuma® for natural handwriting recognition and the new Qix user application interface to enhance the user experience and drive service usage and adoption. Zi's product portfolio dramatically improves the usability of mobile phones, PDAs, gaming devices and set-top boxes and the applications on them including SMS, MMS, e-mail and Internet browsing. 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).-30-
Zi, Decuma, Qix, eZiTap and eZiText are either trademarks or registered trademarks of Zi Corporation. All other trademarks are the property of their respective owners.
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