BEIJING, June 27, 2012 (GLOBE NEWSWIRE) -- Zoom Technologies, Inc.
(Nasdaq:ZOOM), a leading China-based manufacturer of mobile phones and
other mobile electronic products, today announced that the company has
signed an agreement with Viettel Mobile of Vietnam for original design
and manufacturing (ODM) of mobile phones, and for Zoom to provide
technical support to Viettel to set up its first R&D center and
manufacture facility for mobile phones in Vietnam. The agreement
includes Viettel placing an initial order of 400,000 units of ODM
Headquartered in Hanoi, Viettel is the largest mobile operator in
Vietnam capturing over 40% of the local market. Viettel is also among
of the fastest growing telecom operators in the world with annual
revenues doubling for each of five consecutive years from 2005 to 2010.
Viettel currently has operations in six markets in Asia, Latin America
and Africa, covering a total population of nearly 170 million people.
In 2011, Viettel's revenue reached US$ 6 billion with 60 million
Engineering teams from Zoom and Viettel will be working closely to
design and manufacture the right handsets for the Vietnamese market and
beyond. Eventually, the phones will be manufactured locally while Zoom
is looking forward to continuing to supply more advanced products such
as the Android-based smart phones for Viettel's markets. The initial
order of 400,000 units will be designed and manufactured by Zoom using
the Spreadtrum 6620 chip set, and delivery is expected to begin in July
About Zoom Technologies, Inc.
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 for original equipment manufacturer customers as
well as manufacturing its own brand of products under the ZOOM, LEIMONE
and LONGTEL brand names. The Company's products are both exported
globally and sold domestically in People's Republic of China.
The Zoom Technologies, Inc. logo is available at
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 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 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.
CONTACT: Investor Contact:
Investor Relations Coordinator
Zoom Technologies, Inc.