SOURCE: Zoom Technologies

Zoom Technologies

September 21, 2010 07:30 ET

Zoom Technologies Receives Additional Orders From Beijing Tianyu

China's #1 Domestic Mobile Phone Company Increases Volume With Zoom by 1.5 Million Units per Quarter

BEIJING--(Marketwire - September 21, 2010) - Zoom Technologies, Inc. (NASDAQ: ZOOM), a leading China based manufacturer of mobile phones and related products, today announced it has received an increase in orders from Beijing Tianyu, its largest EMS customers. Beginning in the fourth quarter of 2010, Beijing Tianyu will increase its orders by an additional 500,000 units per month, or 1.5 million units per quarter, when fully ramped. Before the increase, Zoom's orders from Beijing Tianyu were about 2.2 million units per quarter, comprising of approximately half in PCBA (main circuitry) units and half in whole mobile phones.

Mr. Lei Gu, Chairman and Chief Executive Officer of Zoom Technologies, stated, "The increase in mobile phones manufactured by Zoom Technologies directly reflects the strength of the Chinese macroeconomic environment, the robust mobile phone industry and Zoom's strategy to gain market share. We highly value the confidence Tianyu has expressed in Zoom Technologies and we share the same goals of expansion and technology development. Also propelling Zoom's market opportunity is China's low penetration rate in mobile phone usage of only 55%, as compared to over 90% in many developed countries."

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 as well as its Own Brand Manufacturing (OBM) under the brand name of Leimone. 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.

Contact Information

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