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Zoom Telephonics, Inc.: Zoom Telephonics Trading Symbol Is ZMTP

^{Published on 2009-10-06 14:16:10 - Market Wire}
 

BOSTON, MA--(Marketwire - October 6, 2009) - Zoom Telephonics, Inc. (OTCBB: [ ZMTP ]) has been assigned the symbol ZMTP by FINRA, and anticipates that trading on the OTC Bulletin Board will begin on October 9, 2009. Formerly the operating company subsidiary of Zoom Technologies, Zoom Telephonics has been spun off from Zoom Technologies in connection with a merger that closed on September 22, 2009. Shareholders of record of Zoom Technologies as of the record date of September 21, 2009 have received a dividend of one share of Zoom Telephonics for every share they owned of Zoom Technologies on that date. Effective with the dividend distribution that began October 1, 2009, Zoom Telephonics will have 1,978,478 shares issued and outstanding.

Zoom Technologies, formerly the parent of Zoom Telephonics, is now a China-based vertically integrated manufacturer of mobile phones and other mobile electronic products, and it trades on Nasdaq with the symbol ZOOMD until October 20, 2009, when its symbol will be ZOOM.

Zoom Telephonics retains almost all of the assets and liabilities of pre-merger Zoom including its product lines, market channels, suppliers, trademarks including Zoom and Hayes, personnel, balance sheet assets and liabilities, and tax-loss carry-forwards. Zoom Telephonics has licensed Zoom Technologies to use the trademarks Zoom and Hayes for certain well-defined product areas, and has licensed the name Zoom Technologies.

Tax treatment for the share dividend is discussed in more detail at [ www.zoom.com/tax ]

For more information about Zoom Telephonics, please go to [ www.zoom.com ] or contact Zoom's investor relations department by calling 617-753-0897, emailing to [ investor@zoom.com ], or writing a letter to Investor Relations, Zoom Telephonics, 207 South Street, Boston, MA 02111.

About Zoom Telephonics

Zoom Telephonics, 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 and support center is in the UK. Zoom markets its products in over forty countries, and provides multi-lingual support from its offices in Boston and the UK. 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 Telephonics' plans, expectations, and intentions, including statements relating to the spinoff of Zoom Telephonics and its trading on the OTC Bulletin Board. Actual results may be materially different from expectations as a result of known and unknown risks, including uncertainty about when Zoom Telephonics will begin trading on the OTC Bulletin Board, tax treatment of the transaction including the Zoom Telephonics stock dividend, and other risks set forth in Zoom Telephonics and Zoom Technologies filings with the Securities and Exchange Commission. Zoom Telephonics cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom Telephonics expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom Telephonics' expectations or any change in events, conditions or circumstance on which any such statement is based.