Zoom Technologies Inc. (ZTNO)

[califax]

Zoom Technologies Raises Leimone Brand Sales Guidance

Date : 09/28/2010 @ 7:30AM
Source : MarketWire
Stock : Zoom Technologies (ZOOM)

http://ih.advfn.com/p.php?pid=nmona&article=44555427&symbol=ZOOM

Zoom Technologies, Inc. (NASDAQ: ZOOM), a leading China based manufacturer of mobile phones and related products, today announced that orders for its Leimone brand mobile phones continue to be strong in the second half of 2010. As a result of this trend, the Company is increasing its unit sales guidance for 2010 by 17% for the Leimone propriety brand mobile phones to 700,000 units from 600,000 units. This annual unit guidance represents a ten-fold increase from 2009. In the first half of 2010, Zoom sold approximately 128,000 Leimone mobile phones. For the second half of 2010, Zoom now expects to sell 580,000 Leimone mobile phones, including 100,000 units of the latest 3G design. The Leimone brand phones have a higher profit margin than Zoom's traditional EMS business and they are sold through China Telecom and various retail outlets.

Zoom's Leimone brand product line currently includes 17 models of Leimone feature-rich mobile phones equipped with state of the art technologies, with four models for China's 3G networks. Zoom unveiled its first Leimone brand 3G phone designed specifically for China Telecom's 3G market in early 2010. The successful E63 model was followed quickly by two additional 3G models, the Leimone E66 phone designed for professionals and the feature-rich Leimone E33 phone aimed at the price sensitive youth market.

Mr. Leo Gu, Chairman and Chief Executive Officer of Zoom Technologies, stated, "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. Leimone brand mobile phones are extremely popular with the growing number of young people in China who seek feature-rich, mid-priced and sleek designed mobile phones. In addition, our ability to significantly increase our manufacturing capabilities in the second half of 2010 underscores our strong position in the robust China mobile phone market."

About Zoom Technologies

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 Manufacturing (OBM) under the Leimone brand name. The company's products are both exported and sold domestically.

Forward-Looking Statements

Certain statements in this press release may constitute "forward looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these 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. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.

Contacts:

Cynthia Hiponia

The Blueshirt Group

[phone]