Zoom Technologies Enters Into Distribution Agreement With China Telecom
October 16 2009 - 8:33AM
Marketwired
Zoom Technologies, Inc. (NASDAQ: ZOOMD) announced today that it has
entered into a distribution agreement with China Telecom, one of
China's three State-run mobile phone operators, for Closed Division
Multiple Access (CDMA) phones to be sold into China Telecom's
network. The CDMA handsets will be sold under Zoom's "LEIMONE"
brand name.
Under the agreement, Zoom Technologies agreed to two models of
its LEIMONE branded phones, LEIMONE 7100 and LEIMONE 2680, to China
Telecom. Both products are CDMA 1X products with multimedia
capabilities and customized applications for China Telecom. The
Company has already started shipping these products into China
Telecom sales network. Thus far, Zoom Technologies has delivered
its LEIMONE phones to the Shanghai, Tianjin, Liaoning, Gangsu,
Yunnan and Jiangxi Provinces.
Mr. Leo Gu, Chairman and CEO of Zoom Technologies, said, "We are
extremely excited to have this agreement with China Telecom, one of
the top mobile phone operators in China. The distribution of our
LEIMONE mobile phones demonstrates our research and development
capabilities and the strength of the LEIMONE brand name in China.
We believe our alliance with China Telecom will continue to
facilitate the expansion of our high-quality products in the China
CDMA network and we believe our LM 7100 and LM 2680 phones have the
potential to be very successful. The simple and elegant designs
will appeal to the younger generation who favors fashionable
designs and the sleek black and grey design presents a formal look
for the business consumer. We are confident that these LEIMONE CDMA
mobile phones will have excellent performance in the China
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 3rd 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 and also designs and
manufactures its own brand of mobile phones under the Leimone
brand.
Forward Looking Statements
This release contains forward-looking information relating to
Zoom's plans, expectations, and intentions. Actual results may be
materially different from expectations as a result of known and
unknown risks, including the 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.
Contacts: Joseph Villalta/Ashleigh Barreto The Ruth Group +1
646-536-7003/7028 Email Contact /Email Contact Media Contact: Jason
Rando The Ruth Group 646-536-7025 Email Contact
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