Released on = August 14, 2006, 2:23 pm

Press Release Author = Barrett Joyner / Mi-Co

Industry = Software

Press Release Summary = Mi-Co's New CEO, Dr. Greg Clary, Highlights Positive Cash
Flow as Validating Partner-centric Business Model at Company's Sixth Annual
Stockholder's Meeting in Research Triangle Park NC

Press Release Body = Research Triangle Park, NC. In the keynote presentation at the
Annual Stockholder Meeting, Dr. Greg Clary highlighted Mi-Co's activities with both
large, strategic partners such as Microsoft and IBM as well as specialized smaller,
vertical partners, such as Optiform and Dimensions 5 because both groups were
important in Mi-Co's ongoing success.

"Mi-Co's business strategy has always placed a heavy emphasis on partnerships,"
stated Clary, "and this year's positive financial picture is a tribute to our
partners. Moreover, this success was driven by the Mi-Co team that recruits and
trains the right partners and to the development team that delivers world class
software with the right features to the Mi-Co channel.''

Mi-Co's partnership agenda includes the development of key strategic and technical
partnerships. Strategic partnerships that were highlighted during the meeting were
activities with Microsoft (Mi-Co is a Microsoft Premier Tablet PC Partner), Lenovo
(a multifaceted sales, marketing and technical relationship that began this year)
and IBM (Mi-Co serves as a business partner and an IBM Workplace Forms ISV partner).


In addition to these relationships, Mi-Co has signed a number of channel partners
that are using the Mi-Forms technology to address specific vertical sector mobile
data capture needs. The successful partners highlighted included Dimensions 5
headquartered in Roseville, California and Optiform from Indianapolis, IN.
Dimensions 5 is a Mi-Co channel partner focusing on the construction industry and
Optiform develops healthcare related solutions for automating the collection of both
data and images from paper and electronic formats. Recently Optiform implemented
Mi-Forms Software in several hospitals including Sutter Health in California and
Columbia St. Mary's Hospital in Milwaukee, WS.

Mi-Co staff also discussed its partnerships with companies implementing mobile data
capture applications for digital pens (such as the pens manufactured by Logitech).
California based Maxcentric, a partner that specializes in the development of
applications for the lifecycle management of facilities and assets, was highlighted
for a recent implementation of a highly cost effective digital pen application for
the inspection of residential rental properties.

"Mi-Co now has partners in a number of key verticals such as the financial sector,
selected healthcare segments and governmental services," stated Dr. Clary, "and
based on our past success with both strategic as well as vertically focused partners
we will continue to aggressively recruit sales channels for other key market
segments."

In responding to questions during the Q&A session, Dr. Clary highlighted that in
addition to the successful vertically oriented partners, Mi-Co's future activities
include targeting companies in specific horizontal markets. Mi-Co will be actively
recruiting applications software companies and service organizations working in
areas such as asset management, sales force automation and customer relationship
management.

This was the first annual meeting since Dr. Clary was named CEO by the Mi-Co board.
Co-Founder and previous CEO, Jim Clary will continue to serve as Chairman of the
Board.

\"Mi-Co has built excellent technology that changes the way that companies capture
data in a mobile environment. Our customer base continues to grow dramatically and
it is a perfect time, both personally and professionally to hand the reins to Greg,"
said Jim Clary.

"I have been involved in software technology companies for over 20 years," stated
Barrett Joyner Sr. VP of Mi-Co, "and Greg has the leadership skills and vision to
capitalize on the strong foundation that has been built by Jim and the Mi-Co team.
Greg has served as a CEO previously and, while he has a strong technology
background, I continue to be impressed with his business acumen."

About Mi-Co

Mi-Co, the mobile information and data capture company, provides digital writing
software that enables an efficient and effective process for capturing and
communicating handwritten data. Mi-Co's enterprise Mi-Forms Software System enables
flexible e-forms design for data capture using digital ink. In addition, Mi-Forms
Software has proven capabilities for handwriting interpretation, touch-screen input,
verification, data validation and communication of forms-based data for enterprise
users. Mi-Forms supports Tablet PCs, UMPCs, Digital Pens, Pocket PCs and signature
capture devices. The company is headquartered in Research Triangle Park, North
Carolina and has a Washington customer service center. For more information on
Mi-Co, visit www.mi-corporation.com.

Web Site = http://www.mi-corporation.com

Contact Details = 2 Davis Drive, PO Box 12076
Research Triangle Park, NC 27709
919 485-4819 ext 1618
fax 919 485-0621
bjoyner@mi-corporation.com
www.mi-corporation.com