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Extension of Time to Cure $1 Bid Price Deficiency

Zoom Technologies, Inc. Logo

BEIJING, May 31, 2013 (GLOBE NEWSWIRE) -- Zoom Technologies, Inc. (Nasdaq:ZOOM) (the "Company"), today announced that it has received notice from NASDAQ dated May 29, 2013 that the Company is eligible for an additional 180 calendar days, or until November 25, 2013, to regain compliance regarding the minimum $1 bid price per share requirement.

About Zoom Technologies

Zoom Technologies is a holding Company with a subsidiary that engages in the distribution of cellular service and products in the U.S.

CONTACT: Investor Contact: Lynn Wei Investor Relations Coordinator Zoom Technologies, Inc. +86-10-5935-9576 weilin@zoom.com

Source:Zoom Technologies, Inc.