Well, At Least It’s Beeping Out of Its Holder!
ZAP – ZP
ZAP SALES SOAR ON GAS PRICES
Steve Schneider, CEO of ZAP, does not mind the constant ring of the phone. “No, I’m not surprised the press can find me. I welcome it. Gas is over three dollars a gallon and going higher by most estimations. Reporters are interested in finding alternative because consumers are interested. The concept of an electric car is appealing and every one wants to know more. I never get tired of talking about it.”
The almost fourfold increase in revenues as we ramped sales of fuel-efficient “smart” autos during the second quarter is an indication of that interest.
“The Xebra is the first all-electric model, a Chinese sedan that sells for about $9,000. And people are glad to know relief from the cost of gas might be on the way. He have cleared the regulatory and contractual hurdles that limited its sales of imported cars in the past. The good new, the great news, is that we’ve solved that puzzle and opened the pipeline.”
ZAP sells to more than two dozen dealers across the United States. The company also sells electric scooters and bikes.
“Everything electric is really taking off. The Xebra electric car is a three-wheel vehicle which goes up to 40 miles on a charge and reaches speeds of 40 miles per hour.” Schneider said ZAP shipped the first Xebra models to dealers in June.
He noted optimistically: “And certainly the attention of the press helps!”
Source: STEVE HART THE PRESS DEMOCRAT
Contact: ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.com
Sources:
M2PressWIRE� �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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