On November 7, 2008, Zones, Inc. (the "Company") issued a press release announcing that, in order to reflect changed general economic conditions, it has updated its financial projections for 2009 and has reached a preliminary understanding relative to a reduced price of $7.00 per share and other revised terms for its going-private transaction with Zones Acquisition Corp. ("ZAC"), which is owned by Firoz H. Lalji, the Company's Chairman of the Board, Chief Executive Officer and majority shareholder. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

(d) Exhibits:

Exhibit No.       Description

   99.1           Press Release, dated November 7, 2008, with respect to 2009
                  projections and preliminary understanding on reduced
                  going-private transaction price