EX-99.1
2
zmtp_ex991.htm
PRESS RELEASE
zmtp_ex991
Exhibit 99.1
Zoom Telephonics Completes Merger and Rebrands as Minim (OTCQB:
MINM);
Company Announces Reconstituted Board of Directors
Combination brings intelligent WiFi and cable modem products
operated under an exclusive Motorola® brand license to the
multi-billion dollar consumer and business connectivity solutions
market
MANCHESTER, NH, December 7, 2020 - Zoom Telephonics, Inc.
("Zoom") (OTCQB: ZMTP), a leading creator of cable
modems and other Internet access products under the Motorola brand,
today announced that it has completed its merger with Minim Inc.,
the AI-driven WiFi management and IoT security platform for homes,
SMBs, and broadband service providers. Beginning December 8, 2020,
the combined company will begin trading as "MINM"
(OTCQB: MINM).
"Secure, robust home connectivity is now essential for work
and life", said Gray Chynoweth, newly appointed CEO of the
combined company. "What comes next is rapid innovation, where
market leaders with vertically-integrated solutions have a speed
and technology advantage. That is what Minim now brings to bear.
With powerful hardware, intelligent software, an expert team, and
the trusted Motorola brand, Minim delivers connectivity that
consumers around the world need and deserve".
The merger was previously announced on November 12, 2020 and was
completed on December 4, 2020.
The
company also announced today the appointment of five new members to
the company's board of directors. With these changes, the
Minim board consists of eight members, five of whom are
independent. The company also announced the resignation of two
current board members, Peter Sykes and David Allen. The following
directors will join Jeremy Hitchcock, Executive Chairperson, Phil
Frank, and Joshua Horowitz on the new board:
●
David Aronoff, General Partner at Flybridge Capital Partners, Board
Member of Draper Laboratories and BetterCloud
●
Dan Artusi, Board Member of MaxLinear
(NYSE: MXL),
VisIC-Tech, and GenXComm
●
Graham Chynoweth, Minim CEO
●
Elizabeth Hitchcock, Principal at Orbit Group
●
Sandra Howe,
Technology
Executive, previously with ARRIS, Cisco, and Technetix
"On behalf of the entire company, I would like to thank Peter
and Dave for their exceptional leadership throughout their
terms", said Jeremy Hitchcock, Executive Chairperson.
"We have big shoes to fill, and to that end, I am proud to
welcome a new group of seasoned directors. By drawing upon the deep
industry expertise from Dan and Sandra, combined with the
entrepreneurial experience from David, Elizabeth, and Graham, Minim
is positioned for remarkable growth".
Minim's go-forward leadership team now includes: Graham
Chynoweth, CEO; Sean Doherty, CFO; Nicole Zheng, CMO; and Alec
Rooney, CTO.
Investors are directed to Minim's filings with the Securities
and Exchange Commission at http://www.sec.gov
for additional information
concerning the merger and merger agreement.
About Minim
Minim (OTCB: ZMTP and OTCQB: MINM, effective December 8, 2020) is
the creator of innovative internet access products that dependably
connect people to the information they need and the people they
love. Headquartered in Manchester, NH, the company delivers smart
software-driven communications products under the globally
recognized Motorola® brand. Minim end users benefit from a
personalized and secure WiFi experience, leading to happy and safe
homes where things just work. To learn more, visit
https://www.minim.co.
MOTOROLA and the Stylized M Logo are trademarks or registered
trademarks of Motorola Trademark Holdings, LLC and are used under
license.
Forward Looking Statements
This
release contains forward-looking information relating to
Minim's plans, expectations, and intentions, including
statements about the effects of the merger. Actual results may be
materially different from expectations as a result of known and
unknown risks, including: risks associated with Minim's
potential inability to realize intended benefits of the
merger; the potential increase in tariffs on the Company's
imports; potential difficulties and supply interruptions from
moving the manufacturing of most of the Company's products to
Vietnam; potential changes in NAFTA; the potential need for
additional funding which Minim may be unable to obtain; declining
demand for certain of Minim's products; delays, unanticipated
costs, interruptions or other uncertainties associated with
Minim's production and shipping; Minim's reliance on
several key outsourcing partners; uncertainty of key
customers' plans and orders; risks relating to product
certifications; Minim's dependence on key employees;
uncertainty of new product development, including certification and
overall project delays, budget overruns, and the risk that newly
introduced products may contain undetected errors or defects or
otherwise not perform as anticipated; costs and senior management
distractions due to patent related matters; and other risks set
forth in Minim's filings with the Securities and Exchange
Commission. Minim cautions readers not to place undue reliance upon
any such forward-looking statements, which speak only as of the
date made. Minim expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any such statements
to reflect any change in Minim's expectations or any change
in events, conditions or circumstance on which any such statement
is based.
Investor Relations Contact:
Beth Kurth, Partner, Conway Communications
Phone: 617.584.9650
Email: bkurth@conwaycommsir.com

EX - 99 . 1 2 zmtp _ ex991 . htm PRESS RELEASE zmtp _ ex991 Exhibit 99 . 1 Zoom Telephonics Completes Merger and Rebrands as Minim ( OTCQB : MINM ) ; Company Announces Reconstituted Board of Directors Combination brings intelligent WiFi and cable modem products operated under an exclusive Motorola ® brand license to the multi - billion dollar consumer and business connectivity solutions market MANCHESTER , NH , December 7 , 2020 - Zoom Telephonics , Inc . ( " Zoom " ) ( OTCQB : ZMTP ) , a leading creator of cable modems and other Internet access products under the Motorola brand , today announced that it has completed its merger with Minim Inc . , the AI - driven WiFi management and IoT security platform for homes , SMBs , and broadband service providers . Beginning December 8 , 2020 , the combined company will begin trading as " MINM " ( OTCQB : MINM ) . " Secure , robust home connectivity is now essential for work and life " , said Gray Chynoweth , newly appointed CEO of the combined company . " What comes next is rapid innovation , where market leaders with vertically - integrated solutions have a speed and technology advantage . That is what Minim now brings to bear . With powerful hardware , intelligent software , an expert team , and the trusted Motorola brand , Minim delivers connectivity that consumers around the world need and deserve " . The merger was previously announced on November 12 , 2020 and was completed on December 4 , 2020 . The company also announced today the appointment of five new members to the company 's board of directors . With these changes , the Minim board consists of eight members , five of whom are independent . The company also announced the resignation of two current board members , Peter Sykes and David Allen . The following directors will join Jeremy Hitchcock , Executive Chairperson , Phil Frank , and Joshua Horowitz on the new board : ● David Aronoff , General Partner at Flybridge Capital Partners , Board Member of Draper Laboratories and BetterCloud ● Dan Artusi , Board Member of MaxLinear ( NYSE : MXL ) , VisIC - Tech , and GenXComm ● Graham Chynoweth , Minim CEO ● Elizabeth Hitchcock , Principal at Orbit Group ● Sandra Howe , Technology Executive , previously with ARRIS , Cisco , and Technetix " On behalf of the entire company , I would like to thank Peter and Dave for their exceptional leadership throughout their terms " , said Jeremy Hitchcock , Executive Chairperson . " We have big shoes to fill , and to that end , I am proud to welcome a new group of seasoned directors . By drawing upon the deep industry expertise from Dan and Sandra , combined with the entrepreneurial experience from David , Elizabeth , and Graham , Minim is positioned for remarkable growth " . Minim ' s go - forward leadership team now includes : Graham Chynoweth , CEO ; Sean Doherty , CFO ; Nicole Zheng , CMO ; and Alec Rooney , CTO . Investors are directed to Minim 's filings with the Securities and Exchange Commission at http://www.sec.gov for additional information concerning the merger and merger agreement . About Minim Minim ( OTCB : ZMTP and OTCQB : MINM , effective December 8 , 2020 ) is the creator of innovative internet access products that dependably connect people to the information they need and the people they love . Headquartered in Manchester , NH , the company delivers smart software - driven communications products under the globally recognized Motorola ® brand . Minim end users benefit from a personalized and secure WiFi experience , leading to happy and safe homes where things just work . To learn more , visit https://www.minim.co . MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings , LLC and are used under license . Forward Looking Statements This release contains forward - looking information relating to Minim 's plans , expectations , and intentions , including statements about the effects of the merger . Actual results may be materially different from expectations as a result of known and unknown risks , including : risks associated with Minim 's potential inability to realize intended benefits of the merger ; the potential increase in tariffs on the Company 's imports ; potential difficulties and supply interruptions from moving the manufacturing of most of the Company 's products to Vietnam ; potential changes in NAFTA ; the potential need for additional funding which Minim may be unable to obtain ; declining demand for certain of Minim 's products ; delays , unanticipated costs , interruptions or other uncertainties associated with Minim 's production and shipping ; Minim 's reliance on several key outsourcing partners ; uncertainty of key customers ' plans and orders ; risks relating to product certifications ; Minim 's dependence on key employees ; uncertainty of new product development , including certification and overall project delays , budget overruns , and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated ; costs and senior management distractions due to patent related matters ; and other risks set forth in Minim 's filings with the Securities and Exchange Commission . Minim cautions readers not to place undue reliance upon any such forward - looking statements , which speak only as of the date made . Minim expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Minim 's expectations or any change in events , conditions or circumstance on which any such statement is based . Investor Relations Contact : Beth Kurth , Partner , Conway Communications Phone : 617 . 584 . 9650 Email : bkurth@conwaycommsir.com