Zi Corporation and Marty Steinberg, Receiver for the Lancer Funds, Enter Into Settlement Agreement

From: CCNMatthews Newswire | Date: February 23, 2007 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Feb. 23, 2007) - Zi Corporation (TSX:ZIC) (NASDAQ:ZICA), and Marty Steinberg, solely in his capacity as court appointed receiver (the "Receiver") of Lancer Management Group LLC and certain related entities (the "Lancer Entities"), jointly announced today that they have entered into an agreement (the "Settlement Agreement") to settle any and all outstanding claims and issues between the Receiver, the Lancer Entities and the Corporation.

The settlement is conditioned upon the Receiver securing orders from the United States District Court for the Southern ...

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