BEIJING, May 27, 2014 (GLOBE NEWSWIRE) -- On May 21, 2014, Zoom Technologies, Inc. (Nasdaq:ZOOM) (the "Company") received a Nasdaq Staff Deficiency Letter indicating that, as a result of the Company not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 (the "2014 Q1 Report"), the Company failed to comply with the periodic filing requirements for continued listing set forth in Rule 5250(c)(1) of the Nasdaq Listing Rules. In accordance with Nasdaq Listing Rule 5810(c)(2), Nasdaq has provided the Company until June 16, 2014 to submit a plan to regain compliance. The Company expects to file its 2014 Q1 Report in short order, and fully expects to be able to meet the June 16, 2014 deadline.
For further details, please refer to the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on May 27, 2014.