Multi-Corp - China Online to Distribute Zi Mail.CALGARY, Alberta--(BUSINESS WIRE)--June 18, 1997-- Multi-Corp Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). MCU (1) (MicroController Unit) A computer on a single chip. See microcontroller. (2) (Multipoint Control Unit) A device that is used to moderate a videoconference of three or more end points (users at computers or groups of users ., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on MCUAF. ) China Online (Group) Limited, one of China's leading nationwide Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , has agreed to distribute Zi Corporation's Chinese e-mail software, Zi Mail. Zi Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Multi-Corp Inc. (NASDAQ: "MCUAF"; TSE: "MCU"). Over the next four months, China Online will distribute Zi Mail to existing and potential customers in three Chinese cities, Shenzhen, Guangzhou and Wuhan, and is to make Zi Mail available as a download feature on its home page. China Online's initial order is for 3,000 copies of Zi Mail for US$45,000. Zi Corporation is to support China Online's efforts by providing marketing assistance and training to new subscribers. To support the distribution of Zi Mail, China Online is to organize various marketing and promotional programs throughout China, including participation in road shows, promotion of Zi Mail in China Online showrooms, direct mail campaigns and press conferences. At the end of October, 1997, China Online and Zi Corporation are to evaluate the progress of the marketing and distribution efforts for Zi Mail and plan for possible market expansion through China Online's established network of over 50 operation centres throughout China. "We highly appreciate Zi Corporation's efforts in offering solutions for character-based input and e-mail communication in China," said Mr. Kelvin Lau, Managing Director of China Online. "We are amazed a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. by Zi Mail's easy-to-use input system and other outstanding features which are not matched by any other Chinese e-mail software products in the market. We see Zi Mail as the answer to meet the future needs of Internet users in China." China Online (Group) Limited is a subsidiary company of Rayes (HK) International Investment Limited, which cooperated with China Telecom in setting up national information services See Information Systems. under the direction and advice of the State Council. China Online has advised that it currently provides Internet services to over 42,000 subscribers in China. Mr. Don Smallwood, SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul and Head of Asia Pacific, Zi Corporation said, "This is a significant opportunity for Zi Corporation and we are delighted to be working with China Online in bringing our products to the mass market in China. We are confident that China Online's experience and market presence will create a first class distribution channel for our products." Zi Mail uses Zi Input, a Chinese character input system that is simple to learn and easy to use. PCWorld Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. named Zi Mail as "Best Buy" for Chinese email software because it "provides the best Chinese language support" (March 1997 issue). Zi Mail was awarded a four star rating by PCWorld. Zi Corporation specializes in the development and marketing of Chinese character-based language applications and Internet products and services. Based in Calgary, Canada, with offices in Hong Kong, Beijing and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Zi Corporation has developed a unique Chinese character-based input system for computers and other electronic devices. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Multi-Corp Inc. to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such risks include the performance of China Online, China Online to continue to select Zi Mail as its Chinese e-mail product for distribution in China and the risks and uncertainties referred to in Multi-Corp Inc.'s Report of Form 20-F for the year ended December 31, 1996 filed with the U.S. Securities and Exchange Commission. There can be no assurance that China Online will be successful in its marketing and distribution efforts. Neither the Alberta Stock Exchange nor NASDAQ have approved or disapproved of the information contained herein. CONTACT: Multi-Corp Inc. Garbine Lazar, 403/ 233-8875 http://www.zicorp.com investor@zicorp.com |
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