Zi closes $25 million private placement
CALGARY, Feb. 17 /CNW/ - Zi Corporation (NASDAQ: ZICA) (TSE: ZIC) today announced it has completed the US$25 million private placement announced on Feb. 2, 2000.
Zi?s investment banker, Lehman Brothers, placed the offering with eight institutions including Ontario Teachers Pension Fund, Baystar Capital, New World Investments, Lancer Partners, Essex Capital, Greenburg Summit, Kingdon Capital and Morgan Stanley Dean Witter. The placement supports Zi?s on-going effort to expand its institutional investor base and provides funds for growth opportunities.
Zi Corporation is a leading provider of embedded software technology and educational products. The company?s eZiText? input software is licensed in numerous languages for information and Internet appliances 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.
/For further information: Karen Attwell, Manager, Investor/Media Relations, Phone: (403)233-8875, Email: investor(at)zicorp.com, Web site:
zicorp.com
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(ZIC. ZICA) |
