BEIJING, June 8, 2011 (GLOBE NEWSWIRE) -- Zoom Technologies Inc., (Nasdaq:ZOOM), a leading China-based manufacturer of mobile phones and related products, announces the launch of its mobile phone products into India under the brand name of "LONGTEL." Started recently on March 1, 2011, Zoom has sold 50,000 units of LONGTEL handsets to the Indian market as of May 31, 2011 and anticipates shipping up to 300,000 units by year's end. The units delivered so far include 10 different models of feature-rich phones with multi-media functionalities.
Zoom's marketing plan includes introducing our own branded products to different parts of the world, based on our top level R&D capabilities and also years of manufacturing experience in the mobile phone OEM sector. As one of the fast growing economies in the world, India has demonstrated strong growth in its domestic mobile phone market since 2009. Further, due to India's proximity to China, it is natural for Zoom to select India as the first foreign market to enter in its international strategy. Zoom works with a distributor with more than 100 after-sales service centers capable of covering all states in India, providing timely and quality service to its local retailers.
Mr. Lei Gu, Chairman and CEO of Zoom Technologies, stated that, "I am very excited that Zoom is able to participate in the rapidly advancing Indian mobile phone market as our first step in going international with our own products. We are pleased with our ability to produce phones tailor-made to the needs of the local Indian market, and we won't stop there. Beginning this year, Zoom plans to devote attention on breaking into both emerging and developed markets with our own branded phones, servicing each region's particular needs. We intend to use the brand name of 'ZOOM' in markets where we have completed or in the process of registering the Zoom mark, such as China, United States, European Community Countries, Brazil, etc. For other markets, we plan to use other local brand names."
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 ZOOM, LEIMONE and LONGTEL brand names. The Company's products are both exported and sold domestically in People's Republic of China.
The Zoom Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9665
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, intentions, plans, objectives, assumptions or future events in which the outcome cannot be assured. 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 Zoom Technologies' 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: Investor Contact: Tina Xiao Investor Relations Manager Zoom Technologies, Inc. +1 917-609-0333 tinaxiao@zoom.com www.zoom.com
