BEIJING, Nov. 16, 2011 (GLOBE NEWSWIRE) -- Zoom Technologies, Inc. (Nasdaq:ZOOM), a leading China-based manufacturer of wireless phones and a cellular service and products distributor in the U.S., today announces that its "Leimone" brand 3G mobile phones have been approved by China Mobile for its TD-SCDMA product lineup expected for the first quarter of 2012. China Mobile is the largest mobile operator in the world with 634 million subscribers in China including 43 million TC-SCDMA users. Zoom's "i99," a new 3G model specially designed for China Mobile, is in its final phase of testing by the operator. Once approval is obtained, the i99 will be branded with China Mobile's 3G Logo and will be available on China Mobile's vast national retail network and also its Electronic Purchase Platform (EPP), and be sold bundled with China Mobile's various service plans.
Mr. Leo Gu, Chairman and CEO of Zoom Technologies, stated that, "I am very excited that our Leimone brand TD-SCDMA mobile phones will soon enter China Mobile's extensive sales network. We are proud of our entrance into the fast growing 3G TD-SCDMA market of China and our ability to produce products for the largest mobile carrier in the world."
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. Zoom Technologies recently announced the acquisition of 55% of Portables Unlimited LLC, a cellular service and products distributor in the U.S.
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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, unless otherwise required by law.