Zoom Telephonics, Inc. Files Registration Statement For Public
Offering of 1,685,000 Shares of Common Stock
Boston, MA - February 16, 1996 - Zoom Telephonics,
Inc. (NASDAQ: ZOOM)
announced today that it filed a registration statement with
the Securities and Exchange Commission covering a proposed
public offering of 1,685,000 shares of common stock, to be
underwritten by PaineWebber Incorporated, First Albany Corporation
and Fechtor, Detwiler & Co., Inc. as representatives of
the underwriters. Of the 1,685,000 shares being offered, 1,500,000
will be sold by the Company and 185,000 will be sold by certain
stockholders. In addition, the Company has granted to the
underwriters an option to purchase up to an aggregate of 252,750
additional shares for the purpose of covering overallotments,
if any. The Company plans to use the net proceeds of the offering
for the repayment of certain indebtedness and general corporate
purposes, including working capital, new product development,
expansion of facilities, expansion of the Company's presence
in international markets and potential acquisitions.
The Company is a leading designer, producer and marketer of
faxmodems and other personal computer communications products
for the home and office. A registration statement
relating to these securities has been filed with the Securities
and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any State in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of
such State. A copy of the prospectus contained in the
registration statement may be obtained from PaineWebber Prospectus
Department, 1000 Harbor Boulevard, Weehawken, NJ 07087, telephone:
(201) 902-7341. |