First Quarter 1998 Financial Data
                      ZOOM TELEPHONICS, INC.

                   Consolidated Balance Sheets
                            ( 000's )



                                           MAR 31,          DEC 31,
                                            1998             1997
                                        (Unaudited)       (Audited)

Assets

Current assets:

      Cash                              $ 9,023,581      $11,281,337
      Accounts receivable, net           12,581,123       13,365,413
      Inventories                        12,235,200       12,034,349
      Recoverable income taxes            3,793,963        3,793,963
      Deferred income taxes               2,265,103        2,388,189
      Prepaid expenses and other            252,509          212,989
                                         ----------       ----------
            Total current assets         40,151,479       43,076,240

Property and equipment, net               3,844,483        3,967,767

Other non-current assets                  1,388,101        1,471,266
                                         ----------       ---------- 
                                        $45,384,063      $48,515,273
                                         ----------       ----------

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

      Accounts payable                  $ 2,358,794      $ 6,204,370
      Accrued expenses                    2,302,783        1,808,308
      Accrued income taxes                    -                -
                                         ----------       ----------
            Total current liabilities     4,661,577        8,012,678
                                         ----------       ----------

Stockholders' equity:

      Common stock                       25,190,579       25,170,267
      Retained earnings                  15,531,907       15,332,328
                                         ----------       ----------
            Total stockholders' equity   40,722,486       40,502,595
                                         ----------       ----------
                                        $45,384,063      $48,515,273
                                         ----------       ----------