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Zoom Technologies Regains Compliance with Nasdaq Minimum Bid Listing Requirement

Boston, MA, June 23, 2003 — Zoom Technologies, Inc. (NASDAQ: ZOOM) a leading manufacturer of modems and other data communications products, today announced receipt of a letter from the Nasdaq Stock Market stating that Zoom's common stock regained compliance with Nasdaq's $1.00 minimum bid price requirement.

Zoom has confirmed that it currently meets all the requirements for continued listing on the Nasdaq SmallCap Market. In addition, if the minimum bid price for Zoom's common stock closes at $1.00 per share or greater for each trading day this week, then Zoom would become eligible to transfer back to the Nasdaq National Market without paying additional application or listing fees. Zoom believes it currently complies with the continued listing requirements of the Nasdaq National Market.

For additional information, please contact:

Investor Relations,
Zoom Technologies
207 South Street
Boston, Massachusetts 02111
Telephone: (617) 423-1072
E-mail: investor@zoomtel.com.
Zoom's World Wide Web site is www.zoomtel.com

This release contains forward-looking information relating to Zoom's plans, beliefs, expectations and intentions, including statements relating to Zoom's compliance with the continued listing requirements of the Nasdaq National Market. There is a risk that Zoom will not continue to meet the minimum bid price requirement or other continued listing requirements of the Nasdaq SmallCap Market or the Nasdaq National Market and that it will not be able to transfer to the Nasdaq National Market if and when Zoom desires. Other risks that could adversely affect Zoom's business and prospects are described in Zoom's filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Zoom's expectations or any change in events, conditions or circumstance on which any such statement is based.

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