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EX-10.1 - MATERIAL CONTRACTS - MINIM, INC. | zmtp_ex101.htm |
8-K - CURRENT REPORT - MINIM, INC. | zmtp_8k.htm |
Exhibit 99.1
Zoom®
Telephonics Appoints Cable and IoT
Industry Veteran Joseph Lee Wytanis as President and Chief
Operating Officer
Company to Host Conference Call on October 17, 2018, at 9:00 a.m.
Eastern Time
Boston, MA, October 16,
2018 – Zoom Telephonics,
Inc. (OTCQB: ZMTP) (“Zoom” or the
“Company”), a leading producer of cable modems and
other communication products, announced today that it has appointed
Mr. Joseph Lee Wytanis as President and Chief Operating Officer
(COO). Mr. Wytanis’ start date with Zoom is October 29, 2018.
Mr. Frank Manning will remain as Zoom's Chief Executive Officer
(CEO) and Chairman.
Mr.
Wytanis is a high technology senior level executive with extensive
experience working with consumer electronic and communication
companies offering products and/or services worldwide. He is an
expert in identifying market transitions before they occur, finding
and negotiating new business opportunities, developing high-quality
products and services, delivering strong revenues and profits, and
positioning businesses for sustainable global growth. Mr. Wytanis
held senior level positions with various high tech companies
including Nortel, AT&T, Panasonic, Scientific-Atlanta/Cisco,
SMC Networks, Flex, and Infosys. At Scientific-Atlanta/Cisco, he
was the Cofounder, Vice President and General Manager of the Cable
Home Networking Business Unit. Under his leadership, Mr. Wytanis
grew the Business Unit from a start-up to a profitable business
that shipped over 40 million units worldwide and grossed over $275
million annually. At SMC Networks he served as Executive Vice
President and COO, where he successfully led the introduction of a
complete line of cable home networking products, in addition to
smart home IoT products.
Mr.
Wytanis earned a BS in Business Administration/Marketing from Rowan
University and an MBA from the University of Georgia, Terry College
of Business.
Management Comments
Mr.
Frank Manning, Zoom's Chairman and CEO, stated, “We’re
excited to welcome Joe Wytanis to the Zoom team. Our goal is to
make Zoom a much bigger profitable company, and we believe that
Joe's highly capable of driving our business to achieve that goal.
Joe is an experienced C-level executive who has extensive
experience with cable service providers, who account for about 85%
of cable modems' unit volume and who are expanding into security
and IoT products. Joe also has extensive experience in the IoT
area, with great customer and supplier contacts, and with proven
ability to negotiate contracts. He also has excellent customer
contacts outside the USA. Joe Wytanis also helps assure senior
management continuity, both in his new role and in his ability to
help us continue to grow our team.”
Mr.
Wytanis, Zoom's new President and COO, stated, “I’m
excited and honored to have this opportunity and to work with the
entire Zoom team. The consumer electronics and communications
industries are going through incredible innovation and change,
especially in the area of IoT, and I believe Zoom will be able to
capitalize on this. I look forward to leveraging my experience to
take Zoom into new profitable product, technology, application,
channel, and market growth areas.”
Conference Call Details
October
17, 2018 – 9:00 AM Eastern
Participant Dial-In Numbers:
(United States): (866) 393-7958
(International): (706) 643-5255
Please
dial in five minutes prior to the start time of the call and
provide the operator with the conference ID of
9583109.
About Zoom Telephonics
Zoom Telephonics, Inc. designs, produces, markets,
and supports cable modems and other communication products. The
Company’s worldwide Motorola license agreement includes cable
modems and gateways, DSL modems and gateways, cellular modems and
routers and sensors, and other Internet and network products. For
more information about Zoom and its products, please visit
www.zoomtel.com/investor
and www.motorolanetwork.com.
MOTOROLA
and the Stylized M Logo are trademarks or registered trademarks of
Motorola Trademark Holdings, LLC and are used under
license.
Forward Looking Statements
This
release contains forward-looking information relating to
Zoom’s plans, expectations, and intentions. Actual results
may be materially different from expectations as a result of known
and unknown risks, including: tariffs on the Company's imports from
China; potential changes in NAFTA; the potential need for
additional funding which Zoom may be unable to obtain; declining
demand for certain of Zoom’s products; delays, unanticipated
costs, interruptions or other uncertainties associated with
Zoom’s production and shipping; Zoom’s reliance on
several key outsourcing partners; uncertainty of key
customers’ plans and orders; risks relating to product
certifications; Zoom’s dependence on key employees;
uncertainty of new product development, including certification and
overall project delays, budget overruns, and the risk that newly
introduced products may contain undetected errors or defects or
otherwise not perform as anticipated; costs and senior management
distractions due to patent-related matters; and other risks set
forth 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 Zoom’s expectations or any change in
events, conditions or circumstance on which any such statement is
based.
Investor Relations Contact:
Adam
Prior, Senior Vice-President
The
Equity Group Inc.
Phone: 212-836-9606
-2-
|
Email:
aprior@equityny.com