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To: Bucky Katt who wrote (9164)9/12/2002 11:43:29 AM
From: tsigprofit  Respond to of 48461
 
ZICA - added today. One I've been following for some
time now, and adding to.
Lawsuit problems, but seem not to be that bad
overall.

I think it has a very strong chart - Moneyflow and OBV.

matt

FRIDAY, SEPTEMBER 06, 2002 7:36 AM
- Canadian Corporate News

CALGARY, ALBERTA, Sep 6, 2002 (CCNMatthews via COMTEX) -- Zi Corporation (ZICA) (CA:ZIC) Chairman and Chief Executive Officer Michael E. Lobsinger said today that sales of its flagship products are essentially unaffected by the recent verdict in its lawsuit with Seattle-based Tegic Communications, a unit of AOL Time Warner. Lobsinger's statements relate specifically to Zi's current global version of eZiText(R) v4.5, as well as its eZiTap(TM), eZiNet(TM) and eZiLite(TM) products. The proceedings have no impact on Zi's investments in Oztime located in Beijing, Zi Services in Hong Kong and Magic Lantern in Canada.

Zi also advised that the judge in the trial has delayed entry of the jury's verdict until motions already filed by Zi are argued and decided. Zi expects these arguments to be heard within three weeks. The motions being made by Zi include a motion to dismiss the damages verdict on the basis that it was incorrectly awarded as a matter of law. The jury's verdict on all counts will be stayed until these motions are ruled upon. Even if the jury's verdict is entered as a judgment without any changes, Zi intends to immediately file an appeal on the judgment.

"We are very confident in our ability to reverse the outcome of this matter." said Lobsinger. "Our balance sheet remains strong and we continue to see momentum in our growth. Further, we want to reiterate that the litigation was only about our older version 4.1 technology, which has not been sold in the United States. Tegic's patents in dispute only cover the United States."

Gary Mendel, Vice President Sales and Marketing of Zi Corporation added, "Our present text input product line is unaffected by the jury's verdict. Earlier this year we received a summary judgment from this same court confirming that our eZiText v4.5 does not infringe the disputed Tegic patents. We can, and still are, actively selling our eZiText v4.5 in the United States. There is no issue regarding our ability to continue to sell eZiNet, eZiTap and our eZiLite products anywhere else in the world, regardless of version."

About Zi Corporation

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(R) connects people to short messaging, e-mail, e-commerce, Web browsing and similar applications in more than 35 languages and regional dialects. Zi supports its strategic partners from offices in Calgary, Beijing, Hong Kong, London, San Francisco, Shenzhen and Stockholm. A publicly traded company, Zi Corporation is listed on the Nasdaq National Market (ZICA) and the Toronto Stock Exchange (ZIC).

Certain statements in this press release that involve expectations or intentions (such as those relating to future deployments or planned cooperation) may 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 expectations 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, competitive actions, continued acceptance of Zi Corporation's products and services and dependence on third party performance as well as the risks and uncertainties referred to in Zi Corporation's 20-F for the most recent calendar year that is filed with the Securities and Exchange Commission. The reader should not place undue reliance on such forward looking statements. Zi Corporation does not assume any obligation to update such forward looking statements.

Allen & Caron Inc
Jill Bertotti (investors)
Email: jill@allencaron.com
or
Len Hall (Business/Financial media)
(949) 474-4300
Email: len@allencaron.com
or
Zi Corporation
Dale Kearns
Chief Financial Officer
(403) 233-8875
Email: investor@zicorp.com
or
FitzGerald Communications
Fred Bateman (media)
(415) 677-0208
Email: fbateman@fitzgerald.com

NEWS RELEASE TRANSMITTED BY CCNMatthews