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Zoom Technologies Launches New Branding Initiatives(Market Wire Via Acquire Media NewsEdge) BEIJING -- (MARKET WIRE) -- 11/05/10 -- Zoom Technologies, Inc. (NASDAQ: ZOOM), a leading China based manufacturer of mobile phones and related products, is solidifying its ZOOM brand by acquiring the URL domain name of zoom.com and significant Zoom Telephonics rights to the ZOOM logo and registered trademarks for China, and rebranding its growing and highly popular LEIMONE mobile phones to the ZOOM brand. Mr. Leo Gu, Chairman and Chief Executive Officer of Zoom Technologies, stated, "We are very excited about our ZOOM brand initiative with our ownership of the URL domain of zoom.com and uniformly branding our mobile phones. We believe Zoom Technologies will benefit from the domain name and trademark rights it has acquired. All new mobile phones manufactured by Zoom Technologies will now be branded ZOOM mobile phones. The transition will have no impact on customers, and we are committed to providing the same quality mobile phones that we have built our reputation on. Since Zoom Technologies' listing on the NASDAQ over a year ago, our LEIMONE mobile phones have evolved significantly into popular 3G models. We feel that our new ZOOM mobile devices will directly reflect our mission and position in the robust China market. We are proud of our continued expansion in the rapidly growing China 3G market and our ability to produce mobile products for top tier Chinese mobile phone companies. Under the ZOOM name, we are confident our mobile phones will continue to enjoy strong growth and continue to be popular with the growing number of young people in China who seek feature-rich, mid-priced and sleek designed mobile phones." Zoom Technologies acquired all rights to the zoom.com URL domain and significant trademark rights for China from Zoom Telephonics in exchange for 80,000 shares of Zoom Technologies common stock. During a four-month transitional period both companies will share the zoom.com home page, and a single click will transfer the visitor to the home page of either Zoom Technologies or Zoom Telephonics. The companies have agreed to cooperate in order to effect a smooth transition of email addresses. For areas outside of China, Zoom Technologies has been granted a perpetual, royalty-free license to use Zoom's logo and trademarks for Zoom Technologies' products, services and corporate purposes to the full extent that Zoom Telephonics is able to grant this license given its current trademark position. About Zoom Technologies, Inc.Zoom Technologies is a holding company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones, wireless communication circuitry, and related software products. Zoom Technologies' subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which offers highly customized and high quality Electronic Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM) customers as well as its own brand under the brand name of Leimone. The company's products are both exported and sold domestically. For more information about Zoom Technologies please visit Zoom's corporate website at http://www.zoomleimone.com. Forward-Looking StatementsThis information and other statements by the Company in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, or other financial items, statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "preliminary" and similar expressions. You should not place undue reliance on these forward-looking statements because actual performance or results could differ materially from that anticipated by these forward-looking statements, and such forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement. If the Company does update any forward-looking statement, no inference should be drawn that the Company will make additional updates with respect to that statement or any other forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission which are available to the public at www.sec.gov. Investor Relations Contact: Cynthia Hiponia The Blueshirt Group 415-217-4966 Source: Zoom Technologies |