ZAP – ZP
ZAP’s CEO, Steve Schneider says, “Zap’s a great name and our cars do Zap around. But sometimes people forget that ZAP is an acronym for Zero Air Pollution. We are an established companay and ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries.”
He continues, “I don’t want to bore anyone, but we ARE the leaders and we KNOW what we are doing in this industry. There is a reason the electric transportation is being governed as an established industry and there’s a reason magazines, journals and newspapers are coming to ZAP for information. It’s because we have it. We blazed the trail and we are NOT resting on our laurels. We are moving forward. I just want to remind everyone where we were THE visionaries, where ZAP truly led the way:
ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid, trybrid and other innovative power systems.
ZAP makes vehicles and that is their core business.
Zap also makes electric bicycles, motorcycles, scooters, and vehicles, as well as kits for motorizing bikes with battery power.
ZAP makes personal watercraft as well as electric vehicles designed for urban and commercial use.
ZAP is entering into the world of all terrain vehicles which are four wheeler off road vehicles.
In 2004 ZAP obtained exclusive rights from California-based Smart-Automobile LLC to develop Smart cars in the US. CEO Steven Schneider and co-founder and Chairman Gary Starr own about 33% and 16% of ZAP, respectively.
ZAP’s bikes are popular with electric utilities and police departments who desire inexpensive and non-exhausting modes of transportation for their meter readers and officers. They are also popular with middle-aged customers who like to bike but need a little help. Motors begin at about $350; bikes at about $700. Its products are sold through company-owned and franchised stores, mail order, its Web site, and independent bike shops. ZAP’s Rental Outlet provides electric vehicle rentals for urban areas throughout California.
In early 2004 the company purchased Santa Barbara-based The Electric Transportation Company (ETC), maker of drivetrains for electric propulsion vehicles. In April 2004 ZAP acquired the exclusive distribution, marketing, and technology rights from Smart-Automobile LLC to make its Smart cars US compliant.
“We are the RIGHT company and the RIGHT time with the RIGHT expertise in place,” concluded Schneider.
Source: Steve Schneider, CEO ZAP
Contact: ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.comhttp://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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