Attached files
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EX-10.1 - CONSULTING AGREEMENT - MINIM, INC. | zmtp_ex101.htm |
8-K - CURRENT REPORT - MINIM, INC. | zmtp_8k.htm |
Exhibit
99.1
Frank Manning To Retire From Operating Role At Zoom Telephonics,
Assisting New CEO Joseph Wytanis In A Smooth
Transition
Boston, MA, January 21, 2020 – Zoom Telephonics, Inc. (“Zoom”
or “the Company”) (OTCQB: ZMTP), a leading producer of
cable modems and other communication products, today announced
Frank Manning’s retirement as CEO and acting CFO of Zoom
Telephonics effective February 1, 2020. Joe Wytanis, Zoom’s
President, will become CEO and Jacquelyn Barry Hamilton will become
acting CFO on that date. Frank Manning will become an advisor to
Zoom and will remain as a Director. Jeremy Hitchcock, a current
major shareholder of Zoom and a Director, will become Chairman of
Zoom’s Board of Directors.
“I co-founded Zoom in 1977, and I’m proud of what
we’ve built under my leadership,” said Mr. Manning.
“After 43 years, it’s time for me to reduce my role at
Zoom. Zoom has been experiencing significant growth since 2016, and
we’re positioned to have a great year in 2020 and beyond. The
fourth quarter of 2019, our last quarter of the fiscal year, should
show revenue growth at least 37% above Q4 2018; and year 2019
revenue should be at least 15% above year 2018. We have a number of
exciting products coming soon including DOCSIS 3.1 cable modems and
modem/routers, mesh router products, and Cat4 cellular modems and
routers. I’m confident that Joe Wytanis, who was hired as
President with this transition in mind, will do a great job.
We’ve worked together for over a year now, and I know him as
a very capable leader who understands the business and is highly
respected by Zoom’s employees, suppliers, and customers.
I’m also excited about some of the new members of our team
including Senior VP John Lauten, VP Sales Alla Berina, and our
soon-to-be acting CFO Jacquelyn Barry Hamilton. I look forward to
assisting during the transition and in my ongoing role as a
Director.”
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, local area network products including routers and MoCA
Adapters, 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.zoom.net
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
The estimates provided in this release with respect to fourth
quarter revenues are preliminary, as the Company has not completed
its review of financial information for the quarter, including the
associated estimates and judgments to be made in connection
therewith; and the Company’s reported revenue/results could
be different from the estimates set forth herein. 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:
Jeremy Hellman, Vice-President
The Equity Group Inc.
Phone: 212-836-9626
Email: jhellman@equityny.com