First Quarter 2003 Financial Data

                         ZOOM TECHNOLOGIES, INC.
                       Consolidated Balance Sheets
                             In thousands
                              (Unaudited)
							  
							  
                                                  March 31,   Dec 31,
                                                    2003       2002

Assets

Current assets:

      Cash                                         $7,690      $7,612
      Accounts receivable, net                      3,215       3,714
      Inventories, net                              6,198       6,783
      Prepaid expenses and other                      492       1,038

        Total current assets                       17,595      19,147

Property and equipment, net                         3,341       3,486

Other non-current assets                                -           -

        Total assets                              $20,936     $22,633

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

      Accounts payable                             $1,721      $2,407
      Accrued expenses                              1,108       1,207
      Current portion of long-term debt               217         192

        Total current liabilities                   3,046       3,806

      Long-term debt                                5,264       5,342
      Other non-current liabilities                     -           -

        Total liabilities                           8,310       9,148

Stockholders' equity:

      Common stock and additional
       paid-in capital                             28,245      28,245
      Treasury stock                                   (7)         (2)
      Retained earnings (deficit) and
        foreign currency translation              (15,612)    (14,758)

        Total stockholders' equity                 12,626      13,485

        Total liabilities &
        Stockholders' equity                      $20,936     $22,633