Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - MINIM, INC. | zmtp_8k.htm |
EXHIBIT
99.1
Zoom Telephonics Expects Third Quarter 2017 Revenue To Exceed $8
Million
Boston, MA, October 4,
2017 – Zoom Telephonics,
Inc. (“Zoom”) (OTCQB: ZMTP), the exclusive producer of
MOTOROLA cable modems and gateways, today announced that the
Company expects revenue for the third quarter ended September 30,
2017 to exceed $8 million.
The
Company expects to announce full third quarter financial results on
October 31, 2017.
Frank
Manning, President and CEO of Zoom Telephonics, stated, “We
have seen significant sales growth since we shipped our first
Motorola brand cable modem in January 2016, and revenue for the
third quarter is expected to exceed $8 million. This is
particularly notable given that revenue for the first half of 2017
totaled $12 million, up 79% over the first half of 2016. We now
produce seven Motorola brand modems and gateways, one Motorola
router, and one Motorola range extender. We have grown our cable
modem share dramatically, and we are excited about the new Motorola
brand cable modems and gateways, DSL gateways, routers, MoCA
Adapters, and cellular products that we will be shipping in coming
months. I look forward to providing additional details when we
release full 3Q17 results at the end of this
month.”
About Zoom Telephonics
Zoom Telephonics, Inc. designs, produces, markets,
and supports communication products under the Motorola and Zoom
brands. The Company’s worldwide licensing agreement with
Motorola includes cable modems and gateways, DSL modems and
gateways, cellular modems and routers and sensors, range extenders,
home powerline network products, and MoCA adapters. For more
information about Zoom and its products, please visit
www.zoomtel.com
or www.motorolanetwork.com.
MOTOROLA
and the Stylized M Logo are trademarks or registered trademarks of
Motorola Trademark Holdings, LLC and are used under
license.
Forward-looking Statements
This release contains forward-looking information relating to
Zoom's plans, expectations, and intentions. Actual results may be
materially different from expectations as a result of known and
unknown risks, including: delays, unanticipated costs,
interruptions or other uncertainties associated with Zoom's
production and shipping; Zoom's reliance on several key outsourcing
partners; uncertainty of key customers' plans and orders; risks
relating to product certifications; Zoom's dependence on key
employees; uncertainty of new product development, including budget
overruns, project delays, and the risk that newly introduced
products may contain undetected errors or defects or otherwise not
perform as anticipated; costs and senior management distractions
due to patent-related matters; and other risks set forth in Zoom's
filings with the Securities and Exchange Commission. Zoom cautions
readers not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Zoom expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statements to reflect any change
in Zoom's expectations or any change in events, conditions or
circumstance on which any such statement is based.
###
Investor Relations Contact:
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone: 203-972-9200
jnesbett@institutionalms.com