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Minim Announces Plan for President and CMO Transition


MANCHESTER, NH, July 8, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — White, Inc. (NASDAQ: MINM), the maker of smart Wi-Fi software and Motorola home networking products under an exclusive worldwide brand license, announced that Nicole Hayward Zheng will leave her role as President and Chief Marketing Officer to pursue a new career opportunity with a private company in a new field. His resignation is not the result of a dispute or disagreement with the company. Ms. Zheng has pledged to ensure an orderly transition of her duties and will remain with the company until August 26, 2022.

“On behalf of the company and the board, I want to thank Nicole for her outstanding contributions to Minim,” said Minim CEO Gray Chynoweth. “Since joining the founding team of the original Minim, prior to its merger with Zoom Telephonics”, Nicole has helped shape Minim’s vision, brand, team and strategy. We appreciate his commitment to a smooth transition and wish him the best in his future endeavours.”

Chynoweth continued, “We made the decision not to replace Nicole’s role thanks to the strong leadership team she helped recruit and develop. She has been instrumental in hiring seasoned talent over the past 12 months, setting the company on the path to successful execution of its strategy and operating plans.

“I am so grateful for the unique journey from a small startup to Nasdaq in just a few years,” Ms. Zheng said. “The decision to leave this incredible team was difficult. I remain invested in the success of the company and will stay in touch as a shareholder.

For more information about Minim, visit its website at www.minim.com or the investor site at ir.minim.com.

About Minim

Minim, Inc., (NASDAQ: MINM) was born in 1977 as a networking company and now offers smart software to protect and improve the WiFi connections we depend on for work, learning and life. Minim’s cloud platform powers intuitive apps and a variety of routers, helping customers take control of their connected experience and privacy. Based in Manchester, NH, Minim holds the exclusive worldwide license to design and manufacture consumer networking products under the Motorola brand. To learn more, visit 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:

Scott Harvin at (843)693-0298 or [email protected]

Contact with Investor Relations:

James Carbonara, Hayden IR at (646) 755-7412 or [email protected]

About Motorola’s strategic brand partnerships

For more than 90 years, the Motorola brand has been known worldwide for its high quality, innovative and reliable products. Motorola’s Brand Strategic Partner Program aims to leverage the power of this iconic brand by partnering with dynamic companies that deliver unique, high-quality products that enrich consumers’ lives. The brand’s strategic partners work closely with Motorola engineers during the development and manufacture of their products, ensuring that their products meet the rigorous standards of safety, quality and reliability that consumers have come to expect. Motorola. To learn more about strategic partnerships with Motorola brands, follow us @ShopMotorola.

Forward-looking statements

This press release contains “forward-looking statements”, within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to Minim’s plans, expectations and intentions. Actual results could differ materially from expectations due to known and unknown risks, including: risks associated with Minim’s potential failure to realize the anticipated benefits of the merger acquisition of Zoom Connectivity, Inc.; the potential increase in tariffs on the company’s imports; potential supply disruptions related to manufacturing of the Company’s products in Vietnam; risks related to global shortages of semiconductors; potential changes in NAFTA; the potential need for additional financing that Minim may not be able to obtain; decline in demand for some of Minim’s products; delays, unforeseen costs, interruptions or other uncertainties associated with Minim’s production and shipment; Minim’s dependence on several key outsourcing partners; the uncertainty of major customer plans and orders; risks related to product certifications; Minim’s dependence on key employees; the uncertainty of new product development, including certification and overall project delays, budget overruns; the risk that newly introduced products contain undetected errors or defects or fail to perform as intended; senior management costs and distractions due to patent matters; risks related to a material weakness in our internal control over financial reporting; the impact of the COVID-19 pandemic; and other risks set forth in Minim’s filings with the Securities and Exchange Commission. Minim cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date made. Minim expressly disclaims any obligation or undertaking to post updates or revisions to these statements to reflect any change in Minim’s expectations or any change in events, conditions or circumstances on which any such statement is based.