Zi CORPORATION
NEWS RELEASE
For immediate release
(Calgary, AB Canada)
May 13, 1999
Zi Reports Improvement
in Financial Results
Zi Corporation (TSE:
ZIC; NASDAQ: ZICA) ("Zi") reports that for the year ended December
31, 1998, the loss from continuing operations is $2.3 million
compared with an operating loss of $12.6 million in 1997. As
such, the loss in 1998 was 82% lower than the previous year.
The contributors to this significant reduction were a 24% increase
in revenues which totaled $1.6 million and a 71% decrease in
operating costs and expenses which amounted to $4.1 million.
Revenues were earned primarily from license fees relating to
the Zi Input technology. The company’s entire financial
statements and annual report can be found on the Web at http://www.zicorp.com.
Zi Corporation’s
goal is to make modern electronic technology more accessible
to people in a way that is consistent with their language and
culture. By connecting technology to language, Zi Corporation
brings smart text input to the mass market for devices such
as mobile phones, TV set top boxes, computers and Internet appliances.
NEITHER THE TORONTO
STOCK EXCHANGE NOR NASDAQ HAVE APPROVED OR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
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