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Zoom Telephonics Inc. Agrees to Sell 800,000 Shares of Common Stock on a Direct Placement Basis

Boston MA, April 8 1996 - Zoom Telephonics, Inc. (Nasdaq National Market: ZOOM) today announced that it has agreed to sell 800,000 shares of its Common Stock at a price of $15.625 per share to four United States institutional investors in a registered offering on a direct placement basis. PaineWebber Incorporated, First Albany Corporation, and Fechtor, Detwiler & Co. Inc. are the underwriters for the offering. The Company expects to issue the shares and receive payment on Thursday, April 11, 1996.

The Company plans to use the net proceeds of the offering for general corporate purposes, including working capital, the repayment of certain indebtedness, new product development, expansion of facilities, expansion of the Company's presence in international markets, and potential acquisitions.

Zoom Telephonics is a leading designer, producer, and marketer of faxmodems and other personal computer communications products for the home and office.

 

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