Zoom Technologies Unveils LEIMONE 3G Phone for China Telecom
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BEIJING, Apr 06 (MARKET WIRE) --
Zoom Technologies, Inc. (NASDAQ: ZOOM), a leading China based
manufacturer of mobile phones and other mobile electronic products, today
unveiled the LEIMONE E63, its first in a series of 3G "LEIMONE" brand
phones. The E63 supports CDMA2000/GSM dual-mode with two card slots: UIM
& SIM and is designed specifically for China Telecom's 3G network
recently rolled out in China. This advanced multi-media business phone
allows the user access to two mobile phone lines within a single device:
3G (CDMA2000 1x, EVDO) and multi-band 800/900/1800 mHz GSM. Among its
features are: Web browsing, multi-media player that supports both MP3 and
MP4, FM radio, Bluetooth, SMS, MMS, WAP, two cameras (main lens at 2.0
megapixel resolution plus an ancillary one at 0.3m on the front to enable
video conferencing), 2.8 inch TFT touch window display with 65.6K colors
and 320 x 240 resolution, expansion slot that accepts a maximum 32G micro
SD card, a strong battery with ultra-long talk and standby times, and
even supports QQ -- the most popular instant messaging software platform
in China.
Mr. Leo Gu, Chief Executive Officer of Zoom Technologies, said, "We are
thrilled to enter China's 3G mobile network with our own brand E63 phone.
The launch of our first 3G mobile phone under the LEIMONE brand name
demonstrates our strength in mobile phone development and solidifies our
already strong relationship with China Telecom. During our seasonally
slower first part of the year, we believe it is now the ideal time for us
to launch middle to high end products through the LEIMONE brand in China
and we are confident these 3G mobile phones will be successful for the
recently rolled-out 3G network."
Mr. Gu continues, "This E63 3G phone will lead off a series of four
LEIMONE 3G phones to hit the market this year. We are planning to roll
out Android OS based products by this summer, and this will further
enhance our brand name and the recognition of our capabilities. With
Zoom's video capable devices, the company is anticipating cooperation
with China Telecom and CCTV in its publicity campaign surrounding the
usage of video services on 3G mobile handsets to stir up the public's
interest in value-add services on this new media. We look forward to
entering this media business by actively pursuing the acquisition of
Leimone Culture, as Leimone Culture's contract with CCTV can potentially
awards us a 50% share in revenues that can be generated from the delivery
of content and services."
Regarding the impact of advanced phones on our business, Mr. Gu added,
"From the E63 and other advanced 3G models that we plan to launch this
year with distribution from China Mobile in addition to China Telecom, we
expect our profitability to improve as these products generally carry a
higher margin. As we previously disclosed, for 2010 we expect net margins
to increase to 4.4% from 3.3% in 2009. We believe that the increased
production of our own branded phones, along with the strength of our EMS
business, will assist in improving our margins and increase our presence
in the 3G network industry in China."
For more information on the LEIMONE E63 and other LEIMONE phones, please
visit Zoom Technologies website at http://www.zoomleimone.com
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 under the brand
name of Leimone. The company's products are both exported and sold
domestically. For more information about Zoom Technologies please visit
Zoom's corporate website at http://www.zoomleimone.com
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, including our expansion in
other 3G enabled mobile phones and the acquisition of Leimone Culture,
which may require shareholder approval that 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 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.
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