Inline sql to write a zip file into a varbinary data type in SQL Server

Has anyone had any success writing a a zip file into a varbinary data type in SQL Server?

Here is a snipped of my code:

//----------------------- Write record to database -----------------------------//
ll_fileln = FileLength(ls_zipfile)

li_fnum = FileOpen(ls_zipfile, StreamMode!, Read!)

If li_fnum < 0 Then Return -1

// Determine the number of reads required to read the entire file
If ll_fileln > 32765 Then
   If Mod(ll_fileln, 32765) = 0 Then
      li_reads = ll_fileln / 32765
    Else
      li_reads = (ll_fileln / 32765) + 1
    End if
Else
    li_reads = 1
End if

// Read the file and build the blob with data from the file
For li_cnt = 1 to li_reads
If FileRead(li_fnum, lbl_string) = -1 Then
     Return -1
Else
     lbl_string2 = lbl_string2 + lbl_string
End if
Next

lbl_string2 = blob(string(lbl_string2), EncodingUTF16LE!)
FileClose(li_fnum)

insert into aus_bpc.dbo.mps_data (mps_id, mps_session_id, mps_request, mps_request_date, lst_upd_user_id, lst_up_dtm ) values ( :ll_mps_id, :ls_session, CONVERT(varbinary(max), :lbl_string2), getdate(), :gsUserID, getdate());

problem here is what gets written is not usable.  Any help would be greatly appreciated.