CORRECTION: Technology Stock Alert for Zoom Technologies Inc. Issued by BeaconEquity


DALLAS, March 11, 2010 (GLOBE NEWSWIRE) -- Please note that in a press release issued yesterday by BeaconEquity, the stated third-quarter financials pertain to Zoom Telephonics, which spun off from former parent company Zoom Technologies in connection with a merger September 22, 2009, rather than Zoom Technologies, as implied. The corrected information is below.

BeaconEquity.com announces an investment report featuring Zoom Technologies Inc. (Nasdaq:ZOOM). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision. 

The full report is available at: http://www.beaconequity.com/i/ZOOM

Zoom Technologies Inc. (ZOOM), through its wholly owned holding company subsidiaries, Gold Lion Holding Limited, owns 51.03% of TCB Digital and 100% of Profit Harvest Corporation Ltd. ZOOM is comprised of the businesses of TCB Digital, Jiangsu Leimone Electronics Co. Ltd. and Profit Harvest. TCB Digital and Jiangsu Leimone manufacture, research and develop, and sell electronic components for third generation mobile phones, wireless communication circuitry, global positioning system (GPS) equipment, and related software products.  

In the report the analyst notes:

"For the third quarter of 2009, ZOOM reported net revenue of $55.29 million, up 204% over $18.16 million for the third quarter 2008, and up 4.06% sequentially from $53.13 million in the second quarter 2009. Net income for the third quarter of 2009 was $1.73 million as compared to net income of $0.73 million for the third quarter of 2008. The Company attributes revenue growth to strong demand from its EMS customers and healthy macroeconomic conditions in China.

"The Company recently increased its full-year 2009 revenue guidance to between $185 million and $195 million and net income to between $6.0 million and $6.2 million, as compared to previous guidance of between $145 million and $155 million in revenue and between $5.9 million and $6.1 million in net income."

To read the entire report visit: http://www.beaconequity.com/i/ZOOM

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BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com

Beacon Equity Disclosure

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.



            

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