ZIM Corporation Announces Fiscal Year 2005 Financial Results

ZIM Corporation — a mobile service provider, aggregator and application developer for the global SMS (Short Message Service) channel — today announced its results for the fiscal year ended March 31, 2005. “Revenue for the year ended March 31, 2005 was US$10,027,045, a significant
increase from US$2,107,099 for the ten months ended March 31, 2004…Net loss for the year ended March 31, 2005 was $3,964,107, or a basic and diluted loss per share of $0.07. The net loss for the ten months ended March 31, 2004 was $1,672,597, or a basic and diluted loss per share of $0.04.”

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