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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF -- Ignore unavailable to you. Want to Upgrade?

To: Richard P. Roberts who wrote (1454)	9/20/1999 10:10:00 AM
From: J. Stone	Read Replies (2) \| Respond to of 2082

Here's an interesting post from the Yahoo boards: **************** Past performance is never a guarantee of future performance, but in this case I am willing to take my chances. A quick review of Zi's AIF: 1. In 1989, Zi started out in the equipment rental business but I assume that they couldn't make a go of it because they sold it in 1994. 2. In 1993 Zi entered the telecom reseller business but couldn't make any money in it. The business was sold in 1997 to management and subsequently went bankrupt. Zi was left with contingent liabilities. 3. In 1993 Zi got into the input technology and language translation business. From 1994 to 1998 it operated the language translation business. 4. In December 1995, Zi signed an agreement with Gahzhou Dongling for the zi input software that included a license fee of $3.5M that was never received. 5. In 1996 Zi entered into an agreement with Comadex to supply the zi input system with computers that Comadex was to supply to Beijing Tengtu Culture and Education Electronics Development Co. Ltd. ("Tengtu China") to distribute in the Chinese school system. (The $21 million dollar deal that pumped up Zi stock into double digits the last time around.) There is no evidence that Tengtu China had any contracts with the Chinese government. Zi has indicated in its latest disclosures that it does not believe any of this money will materialize. Zi's partners on this deal were Comadex, a company controlled by Pak Cheung. Mr Cheung is also a director of TENGTU INTERNATIONAL Corp., ("TIC") a company that despite its name is incorporated in Delaware and trades on the OTC market under the symbol "TNTU" and has a registered head office in Toronto. Stephen Dadson, a current Zi director, was also a director of TIC in 1996. TIC had a joint venture "Tengtu United Electronics Development, Co. Ltd." with several Chinese companies. It is unclear whether TIC and this joint venture are related to Tengtu China with whom Zi and Comadex were to supply computers with the Zi input system. For more details read the following SEC filing: tenkwizard.com tion&iacc=951821&mode=standard 6. In 1996 Zi signed a US$500,000 agreement with TIC (at the time Mr. Dadson was a director of both companies). The agreement added $500,000 to Zi's revenues in 1996 but was written off as a bad debt in 1997. 7. In 1996 Zi got into the internet software development and consulting business. In 1997 Zi got out of the business. Well that's it - Good luck to you. Maybe revenues will materialize but I doubt it. messages.yahoo.com ********************** regards, JS