|
Zi CORPORATION
NEWS RELEASE
For immediate release (Calgary,
AB Canada)
April 10, 2000
Zi approved for Nasdaq National Market listing
Calgary, AB (April 10, 2000) - Zi Corporation (NASDAQ: ZICA)
(TSE: ZIC) has been approved by the Nasdaq-Amex Market Group
to begin trading on the Nasdaq National Market on April 11,
2000. Zi is moving onto the National Market from the Nasdaq
Small Cap Market and retains the same ticker symbol: ZICA.
Zi has had great success with its Nasdaq Small Cap listing.
During the past year, Zi’s investor base has almost doubled,
from about 8,500 shareholders to just over 15,000. Zi has been
trading on the Nasdaq Small Cap Market since 1994.
"Zi’s move to the National Market makes our stock available
to a new range of investors," says Michael Lobsinger, chairman
and chief executive officer, Zi Corporation. "Being on the National
Market opens Zi to a broader audience of analysts, institutions
and other investment professionals."
In the past year, Zi has made the transition from research
and development to a solid operating company. Zi has signed
contracts with over 20 licensees from around the world. In the
fourth quarter of 1999, Zi started seeing royalty revenue as
its customers introduced new products to market.
"Zi is focused on providing technology and education services
that are needed for the global market," says Lobsinger. "Zi
has demonstrated the broad possibilities for its technology
by licensing to companies in a wide range of spaces including:
equipment manufacturers, total solution providers, reference
design and chipset providers and application software developers."
Zi Corporation is a leading provider of embedded software technology
and educational products. The company’s core product,
eZiTextTM connects people to short messaging, email,
e-commerce, web browsing, and similar applications in almost
any written language. Zi’s wholly owned subsidiary, Oztime.com,
is China’s first education service provider. Zi supports
its strategic partners from offices in Calgary, Beijing, Hong
Kong, San Francisco, Shenzhen and Stockholm. A publicly traded
company, Zi Corporation is listed on the NASDAQ Stock Market
(ZICA) and the Toronto Stock Exchange (ZIC).
Certain statements in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The information in
this press release is based on Zi Corporation’s current
expectation and assumptions, and is subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. Such risks include, among
others, general business and economic conditions and competitive
actions as well as the risks and uncertainties referred to in
Zi Corporation’s 20-F for the most recent calendar year.
-30-
For further information, please contact:
Karen Attwell
Manager, Investor/Media Relations
Phone: (403) 233-8875
Email: investor@zicorp.com
Web site: http://www.zicorp.com/
|