GlobeNewswire Inc | Jun 3, 2021 09:28AM EDT

June 03, 2021

MANCHESTER, NH, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Minim, Inc. (OTCQB: MINM), the creator of innovative internet access products under the globally-recognized Motorola brand, today announced the completion of its corporate name change from Zoom Telephonics, Inc. effective as of June 3, 2021. The Companys trading symbol will remain MINM.

This news follows a prior announcement on May 17, 2021 that the company has submitted an application for listing on the Nasdaq Capital Market.

This is an important step in the evolution of the companys brand identity to a software-led connectivity solution provider, said Gray Chynoweth, Minim CEO. We are excited to continue to launch Zoom hardware/software products; its been a flagship brand for decades. But, Minim was designed to represent AI-driven software that powers many kinds of hardware for connected homes of all shapes, budgets, locations, and sizes and thats where were headed.

The CUSIP number for the companys common stock will also change to 60365W102. Stockholders are not required to exchange their existing share certificates for new certificates bearing the same name.

Zoom Telephonics, Inc. completed its previously announced merger with Minim Inc. on December 4, 2020. For more information about Minim Investor Relations and to sign up for email notifications, visitir.minim.com.

About Minim

Minim, Inc. (OTCQB: MINM) 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 and ZOOM trademark. 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.com.

MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.

Media Contact:

Michele Clarke at (203) 912-0560 ormichele.clarke@minim.com

Investor Relations Contact:

James Carbonara, Hayden IR at (646) 755-7412 orjames@haydenir.com

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to Minims plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: risks associated with Minims 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 companys products to Vietnam; risks relating to global semiconductor shortages; potential changes in NAFTA; the potential need for additional funding which Minim may be unable to obtain; declining demand for certain of Minims products; delays, unanticipated costs, interruptions or other uncertainties associated with Minims production and shipping; Minims reliance on several key outsourcing partners; uncertainty of key customers plans and orders; risks relating to product certifications; Minims dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns; 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; risks from a material weakness in our internal control over financial reporting; the impact of the COVID-19 pandemic; and other risks set forth in Minims 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 Minims expectations or any change in events, conditions or circumstance on which any such statement is based.