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Zi CORPORATION
NEWS RELEASE
For Immediate Release (Calgary, AB Canada)
December 30, 1999
Zi closes private placement
Calgary, AB (Dec. 30, 1999) – Zi Corporation (TSE: ZIC,
NASDAQ: ZICA) today announced it has completed a private placement
for US$13.325 million. Zi has issued 701,316 units at US$19.00.
Each unit is composed of one common share and three quarters of
one common share purchase warrant. Each full warrant may
be exercised for 24 months following payment of US$21.00 in the
first 12 months and US$23.00 in the following 12-month period.
“This financing will fund Zi’s growth on a global
scale and our recently announced activities with Ozlearning
in China,” says Michael Lobsinger, chairman and chief
executive officer.
Zi Corporation is a software and educational products company.
The company’s eZiTEXT™ input software is licensed
in numerous languages for devices such as mobile phones, PDAs
and TV set-top boxes. Zi’s common shares trade on
both the Toronto Stock Exchange (ZIC) and the NASDAQ stock market
(ZICA). Zi markets its technology through strategic partnerships
worldwide from offices in Calgary, Beijing, Hong Kong, Stockholm
and San Francisco.
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
Zi Corporation
Manager, Investor/Media Relations
Phone: (403) 233-8875
Email: mailto:investor@zicorp.com
Web site: http://www.zicorp.com/
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