News release |
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Zi Corporation comments on market activity
Calgary, AB (September 6, 2001) - Zi Corporation (NASDAQ: ZICA) (TSE: ZIC), is reporting, at the request of the Toronto Stock Exchange, that the company's management is not aware of any material news or events to account for the increased volume and the subsequent price drop in its shares.
Further, the company currently has approximately one dollar per share in cash and no debt and the company's business model continues to be implemented in line with expectations. As confirmation of the confidence in the business model, an executive of Zi Corporation recently exercised 150,000 options to hold, netting Zi Corporation $1,305,000 in cash.
Zi Corporation is a market-driven technology company delivering intelligent interface solutions to enhance the user experience of wireless and consumer technologies. The company's core technology product, eZiText™ connects people to short messaging, e-mail, e-commerce, Web browsing and similar applications in almost any written language. Zi Services provides market-leading engineering design in Bluetooth, VoIP and man-machine interface. Zi supports its strategic partners from offices in Calgary, Beijing, Hong Kong, San Francisco, Shenzhen, Stockholm and Tokyo. 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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Dale Kearns Zi Corporation Chief Financial Officer Phone: 403 233 8875 investor@zicorp.com www.zicorp.com |