SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934.

                                  June 1, 2003
               ---------------------------------------------------
                Date of Report (Date of earliest event reported)


                                 ZIM CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


        Canada                       0-31691                      None
----------------------          ----------------         ----------------------
(State or jurisdiction          (Commission File         (IRS Employer I.D. No.)
  of incorporation or                 No.)
     organization)
     Incorporation)


                                20 Colonnade Road
                                    Suite 200
                                 Nepean, Ontario
                                 Canada, K2E 7M6
                                  (613)727-1397
                         -------------------------------
                        (Address and telephone number of
                          principal executive offices)



                                 with copies to:

                                Hank Gracin, Esq.
                               Lehman & Eilen LLP
                         50 Charles Lindbergh Boulevard
                                    Suite 505
                               Tel: (516) 222-0888
                               Fax: (516) 222-0948


<PAGE>

Item  2.      Acquisition or Disposition of Assets

              On June 1, 2003, ZIM Corporation, a corporation governed by the
Canada Business Corporations Act (the "Registrant"), consummated the merger (the
"Merger") of Private Capital Investors, Inc., a Florida corporation ("Private
Capital"), with and into PCI Merge, Inc., a Florida corporation and a wholly
owned subsidiary of the Registrant (PCI Merge), with PCI Merge as the surviving
entity. The Registrant also consummated on June 1, 2003 the amalgamation (the
"Amalgamation") of ZIM Technologies International, Inc, a corporation governed
by the Canada Business Corporations Act (ZIM Technologies), with PCI-ZTI Canada,
Inc., a corporation governed by the Canada Business Corporations Act and a
wholly owned subsidiary of the Registrant (PCI-ZTI), with PCI-ZTI as the
surviving entity. As a result of the Merger and the Amalgamation, both Private
Capital and ZIM Technologies became wholly owned subsidiaries of the Registrant.

              In the Merger, each outstanding share of common stock, par value
$.001, of Private Capital was converted into a share of the Registrant.

              In the Amalgamation, each outstanding share of common stock, no
par value, of ZIM Technologies was converted into a share of the Registrant.
Effective June 1, 2003, PCI-ZTI changed its corporate name to ZIM Technologies.

              The Registrant filed a Registration Statement on Form S-4 under
the Securities Act of 1933 (No. 333-100920), declared effective April 14, 2003
(the "Registration Statement"), registering the shares of the Registrant issued
in both the Merger and the Amalgamation. The Registration Statement included a
proxy statement for Private Capital in its solicitation of proxies to approve
the Merger, and a proxy statement for ZIM Technologies in its solicitation of
proxies to approve the Amalgamation.

              The Registrant's shares were registered pursuant to Section 12(b)
of the Exchange Act. Pursuant to Rule 12g-3(a) under the Securities Exchange Act
of 1934 (the "Exchange Act"), the Registrant is a successor to Private Capital
and the Registrant's common shares are deemed to be registered under Section
12(b) of the Exchange Act.

              At a special meeting of the shareholders of Private Capital held
on May 6, 2003, holders of a majority of the outstanding shares of Private
Capital approved the merger of Private Capital with and into PCI Merge. At a
special meeting of the shareholders of ZIM Technologies held on May 13, 2003,
holders of a majority of the outstanding shares of ZIM Technologies approved the
amalgamation of ZIM Technologies and PCI-ZTI. At a special meeting of the
shareholders of the Registrant held on May 6, 2003, holders of a majority of the
outstanding shares of the Registrant approved both the Merger and the
Amalgamation.

              Effective June 1, 2003, the Registrant appointed Grant Thornton
LLP as its public auditors. The Registrant has established that its fiscal year
will end on May 31.


Item 7.       Financial Statements, Pro Forma Financial Information and Exhibits

              (a)  Financial Statements of Businesses Acquired

              It is impracticable for the Registrant to file the financial
information of the businesses acquired hereunder at this time, and such
information will be filed by amendment to a Form 8-K reporting the consummation
of the transactions described above under Item 2 within 60 days after the due
date for the filing of that Form 8-K.


              (b)  Pro Forma Financial Information

              It is impracticable for the Registrant to file the pro forma
information of the businesses acquired hereunder at this time, and such
information will be filed by amendment to a Form 8-K reporting the consummation
of the transactions described above under Item 2 within 60 days after the due
date for the filing of that Form 8-K.

<PAGE>

              (c)  Exhibits

               2.1 Amended and Restated Acquisition Agreement dated as of
               October 28, 2002.

               2.2 Amalgamation Agreement dated as of May 30, 2003.




                                   SIGNATURES

              Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned hereunto duly authorized.


                                                  ZIM CORPORATION
                                                   (Registrant)


Date: June 16, 2003                        By: /S/ MICHAEL COWPLAND
                                           ----------------------------------
                                           Michael Cowpland,
                                           President and Chief Executive Officer








<PAGE>

EXHIBIT INDEX

Exhibit No.       Exhibit
-----------       -------
Exhibit 2.1       Amended and Restated Acquisition Agreement dated as of
                  October 28, 2002.

Exhibit 2.2       Amalgamation Agreement dated as of May 30, 2003.
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{"company-data": {"conformed-name": "ZIM CORP", "cik": "0001124160", "assigned-sic": "6770", "irs-number": "651036706", "state-of-incorporation": "A6", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-31691", "film-number": "03745382"}, "business-address": {"street1": "20 COLONNADE ROAD", "street2": "SUITE 200", "city": "NEPEAN", "state": "A6", "zip": "K2E 7M6", "phone": "6137271397"}, "mail-address": {"street1": "20 COLONNADE ROAD", "street2": "SUITE 200", "city": "NEPEAN", "state": "A6", "zip": "K2E 7M6"}, "former-company": {"former-conformed-name": "PRIVATE CAPITAL INVESTORS INC", "date-changed": "20000920"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934.

                                  June 1, 2003
               ---------------------------------------------------
                Date of Report (Date of earliest event reported)

                                 ZIM CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

        Canada                       0-31691                      None
----------------------          ----------------         ----------------------
(State or jurisdiction          (Commission File         (IRS Employer I.D. No.)
  of incorporation or                 No.)
     organization)
     Incorporation)

                                20 Colonnade Road
                                    Suite 200
                                 Nepean, Ontario
                                 Canada, K2E 7M6
                                  (613)727-1397
                         -------------------------------
                        (Address and telephone number of
                          principal executive offices)

                                 with copies to:

                                Hank Gracin, Esq.
                               Lehman & Eilen LLP
                         50 Charles Lindbergh Boulevard
                                    Suite 505
                               Tel: (516) 222-0888
                               Fax: (516) 222-0948
Item  2.      Acquisition or Disposition of Assets

              On June 1, 2003, ZIM Corporation, a corporation governed by the
Canada Business Corporations Act (the "Registrant"), consummated the merger (the
"Merger") of Private Capital Investors, Inc., a Florida corporation ("Private
Capital"), with and into PCI Merge, Inc., a Florida corporation and a wholly
owned subsidiary of the Registrant (PCI Merge), with PCI Merge as the surviving
entity. The Registrant also consummated on June 1, 2003 the amalgamation (the
"Amalgamation") of ZIM Technologies International, Inc, a corporation governed
by the Canada Business Corporations Act (ZIM Technologies), with PCI-ZTI Canada,
Inc., a corporation governed by the Canada Business Corporations Act and a
wholly owned subsidiary of the Registrant (PCI-ZTI), with PCI-ZTI as the
surviving entity. As a result of the Merger and the Amalgamation, both Private
Capital and ZIM Technologies became wholly owned subsidiaries of the Registrant.

              In the Merger, each outstanding share of common stock, par value
$.001, of Private Capital was converted into a share of the Registrant.

              In the Amalgamation, each outstanding share of common stock, no
par value, of ZIM Technologies was converted into a share of the Registrant.
Effective June 1, 2003, PCI-ZTI changed its corporate name to ZIM Technologies.

              The Registrant filed a Registration Statement on Form S-4 under
the Securities Act of 1933 (No. 333-100920), declared effective April 14, 2003
(the "Registration Statement"), registering the shares of the Registrant issued
in both the Merger and the Amalgamation. The Registration Statement included a
proxy statement for Private Capital in its solicitation of proxies to approve
the Merger, and a proxy statement for ZIM Technologies in its solicitation of
proxies to approve the Amalgamation.

              The Registrant's shares were registered pursuant to Section 12(b)
of the Exchange Act. Pursuant to Rule 12g-3(a) under the Securities Exchange Act
of 1934 (the "Exchange Act"), the Registrant is a successor to Private Capital
and the Registrant's common shares are deemed to be registered under Section
12(b) of the Exchange Act.

              At a special meeting of the shareholders of Private Capital held
on May 6, 2003, holders of a majority of the outstanding shares of Private
Capital approved the merger of Private Capital with and into PCI Merge. At a
special meeting of the shareholders of ZIM Technologies held on May 13, 2003,
holders of a majority of the outstanding shares of ZIM Technologies approved the
amalgamation of ZIM Technologies and PCI-ZTI. At a special meeting of the
shareholders of the Registrant held on May 6, 2003, holders of a majority of the
outstanding shares of the Registrant approved both the Merger and the
Amalgamation.

              Effective June 1, 2003, the Registrant appointed Grant Thornton
LLP as its public auditors. The Registrant has established that its fiscal year
will end on May 31.

Item 7.       Financial Statements, Pro Forma Financial Information and Exhibits

              (a)  Financial Statements of Businesses Acquired

              It is impracticable for the Registrant to file the financial
information of the businesses acquired hereunder at this time, and such
information will be filed by amendment to a Form 8-K reporting the consummation
of the transactions described above under Item 2 within 60 days after the due
date for the filing of that Form 8-K.

              (b)  Pro Forma Financial Information

              It is impracticable for the Registrant to file the pro forma
information of the businesses acquired hereunder at this time, and such
information will be filed by amendment to a Form 8-K reporting the consummation
of the transactions described above under Item 2 within 60 days after the due
date for the filing of that Form 8-K.
(c)  Exhibits

               2.1 Amended and Restated Acquisition Agreement dated as of
               October 28, 2002.

               2.2 Amalgamation Agreement dated as of May 30, 2003.

                                   SIGNATURES

              Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                                  ZIM CORPORATION
                                                   (Registrant)

Date: June 16, 2003                        By: /S/ MICHAEL COWPLAND
                                           ----------------------------------
                                           Michael Cowpland,
                                           President and Chief Executive Officer
EXHIBIT INDEX

Exhibit No.       Exhibit
-----------       -------
Exhibit 2.1       Amended and Restated Acquisition Agreement dated as of
                  October 28, 2002.

Exhibit 2.2       Amalgamation Agreement dated as of May 30, 2003.