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Seregon Announces Completion of Financing

OTTAWA, ON, Oct 28, 2009 – Seregon Solutions Inc., a leading provider of Mobile Enterprise Application Platform (MEAP) software, today announced the completion of an initial financing round. Led by members of the Purple Angel group, the financing also included equity investment by ZIM Corporation (OTCBB: ZIMCF) and convertible debenture from Ontario Centers of Excellence CCR Fund.

“This investment is a major milestone for the company,” said Julian White, founder and CEO of Seregon, “With largely self financing to date, we have been able to build a world-class product and attract a growing cadre of prestigious customers and business partners. The market for mobile business applications is exploding; these new funds will enable us to significantly increase our sales and marketing activities and accelerate product innovation.”