Majority Stockholder Updates Offer to Purchase Outstanding Ziplink Shares

Ziplink, Inc. (OTC Market Tier: ZIPL.PK) announced today that its majority stockholder, the Zachs Family, is updating its offer 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. ZIPL recently settled amicably a patent infringement lawsuit with respect to such patent. ZIPL’s net assets are expected to increase 10% in the next 30 days. Since the commencement of its purchase offer on August 22, 2011, the Zachs Family has purchased approximately 1,669,602 million additional shares of common stock of ZIPL at $0.065 in the open market. As a result of all such purchases, the Zachs Family now owns a total of approximately 10,983,927 million shares, or 86% of the outstanding common stock of ZIPL, and is interested in purchasing any and all of the remaining approximately 1,800,000 million outstanding shares of common stock of ZIPL held by the public. Due to current market conditions the offer to purchase is at a price of $0.09 per share and will remain open for 90 days. 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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