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Zoom Technologies, Inc.: Zoom Technologies Complies With NASDAQ Marketplace Rule 4350(b)(1)(B)

^{Published on 2009-03-13 15:02:31, Last Modified on 2009-11-03 19:23:28 - Market Wire}
 

BOSTON, MA--(Marketwire - March 13, 2009) - Zoom Technologies, Inc. (NASDAQ: [ ZOOM ]), a leading manufacturer of modems and other communication products, today announced that its financial statements for the fiscal year ended December 31, 2008, included in the Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 12, 2009, contain a going concern qualification from its independent registered public accounting firm. This announcement is being made in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of a recent audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's December 31, 2008 financial statements or to its Annual Report on Form 10-K for that fiscal period.

About Zoom Technologies

Zoom Technologies, Inc. designs, produces, markets, and supports communication products under the Zoom, Hayes®, and Global Village® brands. Zoom is headquartered in Boston, and its European sales center is in the UK. Zoom markets its products in over forty countries, and provides multi-lingual support from its offices in Boston. For more information about Zoom and its products, please see [ www.zoom.com ].

Forward-Looking Statements

This release contains forward-looking information relating to Zoom's plans, expectations, and intentions, including statements relating to Zoom's new products and exploration of strategic alternatives Actual results may be materially different from expectations as a result of known and unknown risks, including risks set forth in Zoom's filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom's expectations or any change in events, conditions or circumstance on which any such statement is based.