Majority stockholder extends offer to purchase outstanding Ziplink shares

Ziplink, Inc. (OTC Market Tier: ZIPL.PK) announced today that its majority stockholder, the Zachs Family, is offering to purchase any and all of the outstanding shares of common stock of ZIPL held by the public. The Zachs Family Limited Partnership #1 owns 6,814,305 shares of common stock of ZIPL. On October 29, 2010, Henry M. Zachs, the CEO of ZIPL, purchased 1,659,478 shares of common stock of ZIPL from Nortel Networks Limited (a Canadian company) at a price of $0.065 per share. As disclosed to Nortel at the time of such purchase, ZIPL has approximately $1 million in net assets and owns a patent (US Patent # 7,672,998) for a SPAM product which may or may not be of value. Ziplink has filed suit on December 1, 2011 against Microsoft alleging infringement of U.S. patent no. 7,672,998. The case is Ziplink, Inc v. Microsoft Corporation, United States District Court for the District of Connecticut, Civil Action No.: 3:11-cv-1866.

Since August 22, 2011 The Zachs Family has purchased approximately 1.6 million additional shares (in the open market). As a result of all such purchases, the Zachs Family now owns a total of approximately 10.6 million shares, or 83% of the outstanding common stock of ZIPL, and is interested in purchasing any and all of the remaining approximately 2.1 million outstanding shares of common stock of ZIPL held by the public. The offer to purchase is at a price of $0.065 per share and will remain open until at least 5 p.m. on May 1, 2012. Anyone owning shares of common stock of ZIPL wishing to participate in the offer can sell their shares through their own broker. If you require further information regarding the purchase offer, you may contact Henry Zachs at hzachs@mcmgmt.com or 860-727-5702.

Ziplink (CE) (USOTC:ZIPL)
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