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Zoom Technologies’ (ZOOM) Leimone Brand Enjoys High Acceptance

BEIJING–(Marketwire – 07/21/10) – Zoom Technologies, Inc. (NASDAQ:ZOOMNews), a leading China based manufacturer of mobile phones and related products, today announced that 128,000 Leimone brand mobile phones were sold within the first half of 2010, including 16,000 units of the latest 3G design. These phones are sold through one of China’s major mobile phone operators, China Telecom, and also through various retail channels. The Leimone brand phones carry a higher profit margin than the Company’s contract engineering & manufacturing service (EMS) business activities.

Zoom Technologies began to manufacture and sell its Leimone brand mobile phones in the second quarter of 2009. With the successful launches of several Leimone models so far in 2010, the Company anticipates selling more than 600,000 Leimone units by the end of this year.

Mr. Leo Gu, Chairman and CEO of Zoom Technologies, commented, “Our Leimone phones are extremely popular for their ease of use and attractive price points, a great fit for the growing number of young people in China seeking mid-priced phones with sleek designs. We will continue to focus our manufacturing activities on our core business and explore potential ancillary revenue streams made available by the increasing use of China’s 3G networks. We are only beginning to take advantage of the growth in China’s mobile phone market for the foreseeable future. With 14 production lines, we have the capacity to manufacture up to 10 million units for our EMS customers and at the same time, produce 12 models of our own feature-rich handsets equipped with the latest technologies, including four models for the 3G networks, two of which we have already introduced this year.”

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 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.

Wednesday, July 21st, 2010 Uncategorized
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