Business News

Zoom Achieves Compliance With Nasdaq Listing Requirements

SOURCE:

Zoom Technologies, Inc.

2008-08-25 12:30:00

BOSTON, MA–(EMWNews – August 25, 2008) – Zoom Technologies, Inc. (NASDAQ: ZOOM) today

announced that the Company received notice from Nasdaq on August 22, 2008

that the Nasdaq Hearing Panel decided to continue Zoom’s listing on The

Nasdaq Stock Market. Zoom implemented a 1-for-5 reverse stock split on

August 7, 2008 and the Company achieved compliance because its common stock

traded above $1.00 for 10 consecutive trading days. Zoom will trade under

the symbol ZOOMD until the open of business on Friday, September 5, 2008

when it will return to trading under the symbol ZOOM.

Frank Manning, Zoom’s President and CEO, said, “We are pleased that the

reverse stock split had its intended effect, raising Zoom’s stock price and

keeping Zoom listed on The Nasdaq Stock Market. This is important to our

shareholders, and it makes Zoom better able to pursue strategic options.”

About Zoom Technologies

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 office is

in the UK. Zoom markets its products in over forty countries, and provides

multi-lingual support from its offices in Boston. For more information

about Zoom and its products, please see www.zoom.com.

Safe Harbor Statement

“Safe Harbor” Statement under the Private Securities Litigation Reform Act

of 1995: This release includes forward-looking statements intended to

qualify for the safe harbor from liability established by the Private

Securities Litigation Reform Act of 1995. These forward-looking statements

generally can be identified by phrases such as Zoom or its management

“believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates”

or other words or phrases of similar import. Similarly, statements in this

release that describe our business strategy, outlook, objectives, plans,

intentions or goals also are forward-looking statements. All such

forward-looking statements are subject to certain risks and uncertainties

that could cause actual results to differ materially from those in the

forward-looking statements. The forward-looking statements are made only

as of the date hereof. We undertake no obligation to update or revise the

forward-looking statements, whether as a result of new information, future

events or otherwise.

Contact:
Robert Crist
617-753-0698
Email: [email protected]

Zoom Technologies, Inc.
207 South Street
Boston, MA 02111
617-423-1072
www.zoom.com

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