ZIM Corporation announces investment and licensing agreement with Seregon Solutions Inc.

ZIM Corporation announces investment and licensing agreement with Seregon
Solutions Inc.

OTTAWA, Nov. 3 /PRNewswire-FirstCall/ - ZIM Corporation (OTCBB: ZIMCF), today
announced an investment and licensing agreement with Seregon Solutions Inc.,
an application development platform provider for mobile devices.
ZIM is participating in Seregon's first round of financing which also includes
participation from investment group Purple Angel and Ontario Centers of
Excellence - Center for Commercialization of Research. Specific terms of the
investment were not disclosed however, ZIM will be the single largest outside
shareholder in Seregon.
Under the terms of the licensing agreement Seregon will provide its Mobile
Application Platform(TM) (MAP) to ZIM. ZIM will promote the product as ZIM
Mobile! and offer it in conjunction with its enterprise database products to
its global customer base providing them with a complete solution to their
critical business application needs.
"We are very excited with this investment and product announcement as the
Seregon product line is a natural fit with our enterprise database and mobile
product strategy," said Dr. Michael Cowpland, ZIM President and CEO. "ZIM
Mobile! enables our customers to rapidly develop and deploy ZIM or other
database applications to BlackBerry(R), Windows Mobile(TM) and soon
Android(TM) and Symbian OS(TM) based smart phones extending the value of their
applications to mobile workers. By taking advantage of the major shift towards
mobile computing, industries such as Insurance, Healthcare, Dispatch,
Transportation, Emergency Services, Retail and many others will benefit by
mobilizing their database applications and providing real time data
synchronization with field workers."
"We are pleased to add ZIM to our growing cadre of business partners that are
using Seregon MAP to develop and deploy mobile business applications,"
commented Julian White, founder and CEO of Seregon Solutions Inc. "Our Mobile
Application Platform has revolutionized the creation of mobile business
applications by dramatically reducing the time, cost and risk of development.
This investment by ZIM and others will enable us to elevate our marketing
profile and ramp up sales activity to meet rapidly growing demand. The market
for Enterprise Mobility is seeing extraordinary growth and our business
partnership with ZIM positions both companies to capitalize on the
opportunity."
In support of this announcement the company has launched a new web site
dedicated to its enterprise database and mobile products and customers
www.zim.biz

About ZIM

ZIM is a provider of software products and services for the database and
mobile markets. ZIM products and services are used by enterprises in the
design, development and management of business, database and mobile
applications. Certain of ZIM's mobile products are also provided to the
consumer market. For more information on ZIM and its customers, partners and
products, visit: www.zim.biz.

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including statements related to the success of ZIM's
aggregation services and ZIM's ability to enter the mobile content market. All
forward-looking statements made in this press release relating to expectations
about future events or results are made as of, and are based upon information
available to ZIM as of, the date hereof. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially from those described or implied by any forward-looking statements.
Factors that might cause such a difference include, but are not limited to,
ZIM's limited operating history, ZIM's history of operating losses and
expected future operating losses, ZIM's ability to obtain additional financing
when needed, ZIM's ability to continue as a going concern, ZIM's reliance on
wireless carriers to market and use its applications and services, possible
fee increases by third party service providers, the potential loss of services
of Dr. Michael Cowpland and other key personnel, rapid developments in
technology, including developments by competitors, possible internal controls
deficiencies and possible accounting adjustments resulting from our year-end
accounting and review procedures, ZIM's ability to maintain current reporting
under the Securities Exchange Act of 1934, and ZIM's ability to successfully
integrate any acquisition. Please refer to ZIM's filings with the SEC for
additional information regarding risks and uncertainties. Copies of these
filings are available through the SEC's website at www.sec.gov. ZIM assumes no
obligation to revise or update publicly the forward-looking statements
included in this news release, other than as required by law.

About Seregon Solutions Inc.

Seregon's Mobile Application Platform (MAP) is a rapid application development
environment for mobile business applications that dramatically reduces the
time, cost and risk of application creation, deployment, maintenance and
administration. Seregon-powered applications run on BlackBerry(R) and a
variety of other Smartphone's and synchronize with all backend systems and
databases. Seregon MAP has been adopted by leading Independent Software
Vendors for the development of mobile business applications for Public Safety,
Enterprise Resource Planning, Transportation, Computer Aided Facilities
Management and other market sectors.
For more information on Seregon and its MAP product visit: www.seregon.com

About Ontario Centers of Excellence (OCE) Inc.

Ontario Centres of Excellence (OCE) Inc. which is supported by the federal
government through a Networks of Centers of Excellence program drives the
commercialization of cutting-edge research across key market sectors to build
the economy of tomorrow and secure Ontario's global competitiveness. In doing
this, OCE fosters the training and development of the next generation of
innovators and entrepreneurs and is a key partner with Ontario's industry,
universities, colleges, research hospitals, investors and governments. OCE's
Centres work in communications and information technology, earth and
environmental technologies, energy, materials and manufacturing and photonics.
OCE is funded by the government of Ontario and is a key partner in delivering
Ontario's Innovation Agenda. OCE through its Centre for Commercialization of
Research (CCR), an initiative supported by the Networks of Centres of
Excellence of Canada, also acts as a catalyst which allows innovative
businesses to grow and achieve sustainable, commercial success and global
competitiveness.
For more information on The Ontario Centres of Excellence visit:
www.oce-ontario.org

About Purple Angel

Purple Angel was formed in 2001 by a group of former Bell Northern Research
(BNR) alumni, the color purple being the BNR colour. Since 2001 the group has
helped launch 25 companies, mostly in the National Capital Region of Canada,
the most recent being Seregon.
BlackBerry is a registered trademark of Research In Motion. Windows Mobile is
a trademark of Microsoft Corporation. Android is a trademark of Google Inc.
Use of this trademark is subject to Google Permissions. Symbian OS is a
trademark of the Symbian Foundation.

SOURCE ZIM CORPORATION

investorrelations@zim.biz, ZIM Corporation