News release |
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NOVEMBER 12, 2002 - 07:29 EST
Zi Corporation Announces Date For Third Quarter, Nine-Month Results Release And Conference Call And Update On Litigation
CALGARY, ALBERTA--Zi Corporation (Nasdaq: ZICA) (TSX: ZIC), a leading provider of intelligent interface solutions, today announced plans to release its financial results for the third quarter and nine months ended September 30, 2002, before the market opens on Friday, November 15, 2002, and to host a conference call at 9:00 AM Eastern time that same day.
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International: 1-416-695-5259
RSVP
Webcast
http://www.zicorp.com
Recording
call until 11:55 PM Eastern time on Friday, November 22, 2002.
Toll free in North America 1-888-509-0082
International 1-416-695- 9731
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Zi also provided an update regarding the patent infringement litigation between Tegic Communications Inc., a unit of AOL Time Warner, and Zi Corporation. Zi previously announced that the trial judge, at a hearing held on November 8, upheld a jury verdict in favor of Tegic for damages amounting to US$9 million and that Zi intends to file motions for reconsideration of the denial of motions to set aside or reduce the amount of the damages award and to set the amount of the security bond for appeal. Zi intends to file a motion with the presiding trial judge requesting that the security bond for appeal be reduced below the damages award to a lesser amount. Posting of a security bond by Zi in the amount to be fixed by the court will stay the enforcement of the damages award pending the outcome of the appeal. At present, Zi has not arranged financing to post an appeal bond. Zi is also actively investigating all opportunities available to finance an appeal bond; however there can be no assurance that Zi will be successful in completing such financing or that any of the above pending motions will be decided in Zi's favor.
About Zi Corporation
Zi Corporation (www.zicorp.com) 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 products, eZiTap® and eZiText®, connect people to short messaging, e-mail, e-commerce, Web browsing and similar applications in almost any written language. eZiNet is a new network-based platform that enables handset manufacturers and network operators to provide users with access to media rich content and information stored on a network, despite the memory restrictions of the mobile device. 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 further information please contact:
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Investor Inquiries: Allen & Caron Inc Jill Bertotti (949) 474-4300 Email: jill@allencaron.com |
Zi Corporation Dale Kearns Chief Financial Officer (403) 233-8875 Email: investor@zicorp.com |
Media Inquiries: Allen & Caron Inc Len Hall (Business/Financial Media) (949) 474-4300 Email: len@allencaron.com |