Zoom Telephonics Comments On Its Recent Filing Of a Shelf
MA, June 21st, 2000 -- On June 9, Zoom Telephonics (Nasdaq:
filed a shelf registration statement with the Securities and
Exchange Commission covering the sale by Zoom of up to 1,500,000
shares of its Common Stock.
Frank Manning, Zoom's
President and CEO, commented: "Zoom has no specific plans
to sell any shares. When our S-3 registration statement becomes
effective, we should be positioned to raise funds quickly
at some time during the next two years if this makes sense
at the time. For instance, we might sell shares if our growth
in cable modems, DSL modems, and wireless networking requires
additional working capital to finance receivables, inventory,
and marketing expenses. Of course the decision would also
be affected by Zoom's stock price at the time and by other
alternatives for raising money, including borrowing. Zoom
has significant cash and other assets, a bank line of credit,
and no bank debt. Once the S-3 is effective, we will have
increased our financial flexibility at very little cost."
The securities to be registered with the Securities
and Exchange Commission are being offered in connection with
a distribution by Zoom and will represent new financing. A
registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has
not yet become effective.
A copy of the prospectus
included in the registration statement, when available, may
be obtained from:
Investor Relations, Zoom Telephonics, Inc.
207 South Street
Boston, Massachusetts 02111
Telephone (617) 423-1072.
These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes
effective. This news release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of
any such state.
For more information, visit Zoom at