SOURCE: Zoom Technologies, Inc.

September 10, 2009 12:40 ET

Zoom Technologies' Recent Shareholder Approved Acquisition, Gold Lion, Engages The Ruth Group as Investor Relations Counsel

Key Role Helps to Provide Investors Management Accessibility and Timely Information

BOSTON, MA--(Marketwire - September 10, 2009) - Zoom Technologies, Inc. (NASDAQ: ZOOM) today announced that upon the closing of the recent shareholder approved acquisition of Gold Lion Holding Ltd, one of the ten largest Chinese mobile phone manufacturers, The Ruth Group will be engaged as investor relations and public relations counsel for the newly reorganized public company, which management plans to rename from Zoom Technologies to Leimone United. As previously reported, Zoom shareholders as of the record date prior to the closing will have a minority interest in China-based Leimone United and will also own 100% of Zoom Telephonics, the Boston-based operating company that will be spun off when the acquisition closes. Lei Gu will be the CEO and Chairman of Leimone United. Frank Manning will be the CEO, President, and Chairman of Zoom Telephonics, and will be a director of Leimone United.

"We are delighted to bring on The Ruth Group as our strategic, full-service investor relations team," stated Mr. Anthony Chan, Chief Financial Officer of Gold Lion. "The Ruth Group has a proven track record of providing top tier investor relations and public relations guidance and expertise to growing China-based companies. Gold Lion's directors and senior managers are excited about having public shares after the acquisition with Zoom Technologies closes later this month, and we recognize the need to follow U.S. practices by providing timely information. My geographic location in California makes me accessible to investors, and The Ruth Group's base in New York closes the time gap and facilitates communications with our U.S. investor base. We look forward to holding quarterly conference calls, increasing Wall Street exposure, and executing strategic messaging."

The Ruth Group President, Carol Ruth added, "We are pleased to add one of the ten largest Chinese mobile phone manufacturers, soon to be called Leimone United, to our quality base of Chinese and technology clients. In the fast growing Chinese mobile phone market, Leimone United is poised for significant growth as they become one of China's premier mobile phone manufacturers."

About The Ruth Group

Consistently ranked as one of the top U.S. financial IR/PR agencies, The Ruth Group, based in New York, focuses on serving the communications needs of biotechnology, pharmaceutical, medical device, technology and semiconductor companies. Services include investor relations, public relations, management counsel, corporate positioning, pre-IPO public relations programs, media relations and venture capital relations. For more information visit

About Gold Lion Holding Ltd.

Gold Lion is a holding company which focuses on companies that engage in the manufacturing, research and development, and sales of electronic and telecommunication products for 3rd generation mobile phones, wireless communication circuitry and related software products. Through its subsidiary, the Company 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.

About Zoom Technologies, Inc.

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 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

Forward-Looking Statements

This release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this release regarding Gold Lion, TCB Digital, JS Leimone and Profit Harvest (collectively, the "Gold Lion") or Zoom's strategy, future operations, future financial position, prospects, plans and objectives of management, as well as statements, other than statements of historical facts, regarding Zoom's or the Gold Lion's industry, are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The parties may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements, including but not limited to, the ability of Zoom and Gold Lion to complete the proposed acquisition and the future success of the combined company. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties. Important factors that could cause actual results or events to differ materially from the forward-looking statements, include among others: the ability of Zoom and the Gold Lion to complete the proposed acquisition; changing principles of generally accepted accounting principles; outcomes of government reviews, inquiries, investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments; requirements or changes adversely affecting the business in which Zoom or the Gold Lion is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition; the time to develop and market new products; general economic conditions; geopolitical events and regulatory changes. Further, the forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, collaborations or investments made by the combined company. These forward-looking statements inherently involve certain risks and uncertainties, some of which are detailed in Zoom's proxy statement, its Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Neither Zoom nor Gold Lion assumes any obligation to update any forward-looking statements.

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