ZOOM Acquires Portables Unlimited, Wholesale Distributor for T-Mobile USA

Zoom Technologies, Inc. (Nasdaq: ZOOM) today announced it has signed a definitive agreement to acquire a 55% share of Portables Unlimited LLC, one of the exclusive wholesale distributors of T-Mobile products in the United States.

Portables has direct access to more than 1,000 retail locations across twenty States selling T-Mobile products, including approximately 100 exclusive T-Mobile carrier locations. This strategic acquisition is the first of its kind for a China-based handset manufacturer to join forces with a US cellular distributor, allowing ZOOM distribution capability in the US market.