ZAP – ZP
ZAP’s CEO, Steve Schneider says, “No, I’m not surpised Ford Motor Company is laying off workers and slashing production by twenty percent. They have been making money on gas guzzling pick up trucks and SUV’s for years. I believe the New York Times on their front page noted: ‘Detroit’s market share has dropped to its lowest level in history, while Asian brands, known for their fuel efficiency, are setting sales records.’ “
“You know I am thinking about starting my own blog and calling it, I AM NOT SUPRISED. Every day, there is a new story, and I mean a signficant news story about the short term and long term ramifications of gas prices. In some parts of the country there are record home foreclosures and the cost of gasoline is seen as a contributing factor to families that are struggling financially.”
“We have just been contacted by a politician who wants to drive one of our cars to underscore the need of this country to focus on fuel economy and its impact on the working family and the environment. None of this surprises me at all. That’s why we got involved. I say this often but I want to say it again. ZAP is the future. We blazed the trail and we are NOT resting on our laurels. We are moving forward. I just want to remind everyone: we were THE visionaries.”
“Once again: ZAP is the RIGHT company at the RIGHT time with the RIGHT expertise in place,” concluded Schneider. “Oh, and by the way, I’m not really starting my own blog. I don’t have time!”
Source: Steve Schneider, CEO ZAP
Contact: ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.com� � �http://www.ZAPworld.com
ZAP (NYSE Arca: ZP)
501 4th St.
Santa Rosa, CA 95401
Phone: 707-525-8658
Fax: 707-525-8692
� � �Forward Looking Statements Statements in this press release that relate to future plans or projected results of ZAP are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the ’safe harbor’ provisions of the PSLRA. ZAP’s actual results may vary materially from those described in any ‘forward-looking statement’ due to, among other possible reasons, the continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP’s Annual Report on Form 10-KSB, or in any of ZAP’s other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward looking statements.
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