Second Quarter 1998 Financial Data
                      ZOOM TELEPHONICS, INC.

                   Consolidated Balance Sheets
                            ( 000's )



                                           JUN 30,          DEC 31,
                                            1998             1997
                                        (Unaudited)       (Audited)

Assets

Current assets:

      Cash                              $16,380,005      $11,281,337
      Accounts receivable, net            7,617,684       13,365,413
      Inventories                         9,862,648       12,034,349
      Recoverable income taxes              294,377        3,793,963
      Deferred income taxes               2,514,348        2,388,189
      Prepaid expenses and other            231,582          212,989
                                         ----------       ----------
            Total current assets         36,900,645       43,076,240

Property and equipment, net               3,879,641        3,967,767

Other non-current assets                  1,323,445        1,471,266
                                         ----------       ---------- 
                                        $42,103,731      $48,515,273
                                         ----------       ----------

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

      Accounts payable                  $ 1,669,798      $ 6,204,370
      Accrued expenses                    1,284,314        1,808,308
      Accrued income taxes                    -                -
                                         ----------       ----------
            Total current liabilities     2,954,112        8,012,678
                                         ----------       ----------

Stockholders' equity:

      Common stock                       25,190,579       25,170,267
      Retained earnings                  13,959,041       15,332,328
                                         ----------       ----------
            Total stockholders' equity   39,149,620       40,502,595
                                         ----------       ----------
                                        $42,103,731      $48,515,273
                                         ----------       ----------