ZAP (OTCBB: ZAAP)
ZAP Announces Los Angeles Dealership, Little Radio EV
LOS ANGELES, CA–(MARKET WIRE)–Dec 1, 2006 — The first vehicle from a Chinese automaker designed and mass-produced for the US market debuts tomorrow at the Los Angeles Auto Show, and it is electric.
California automotive pioneer ZAP (OTC BB:ZAAP.OB – News) is the co-developer and distributor for the new $10,000 XEBRA sedan and pickup, which go on sale in Los Angeles through its licensed dealer Little Radio EV (http://www.littleradioev.com). The XEBRA will go on display at the LA Convention Center December 1-10 at the exhibit for ZAP and Little Radio EV in Kentia Hall, Booth Number K-450.
ZAP calls the new XEBRA a “City Car,” a unique all-electric car design for daily urban driving in a multi-car family, small business, municipal or corporate fleet. The XEBRA comes as a 4-door sedan or as a pickup model that can convert into a flatbed or dump truck. ZAP says the XEBRA can help save money while helping the environment. A charge will cost 2-3 cents per mile versus 10 cents or more for gas. Electricity helps reduce greenhouse gas emissions by more than 90 percent over internal combustion, including power plant emissions.
“You would think that Los Angeles would have had more electric cars by now, but it’s great to have this opportunity with ZAP,” said Conway, who helped found the online radio and blog website LittleRadio.com. Father of two, Conway says he is motivated by his concern about the future of the environment, air pollution and global warming. Serving in Iraq from 1991 to ‘92 gave him a unique perspective on the USA’s dependency on foreign oil. Since then he has supported alternative fuels and while planning a nationwide college campus tour for Little Radio, it seemed only natural to not only educate young people about alternative fuels, but also offer ZAP cars and scooters to his customer base.
“What is most surprising about Los Angeles is that it is such an enterprising city, yet we have the worst pollution and asthma rates in the nation. I’m glad Little Radio can be a leader in marketing electric cars to Los Angeles, which we intend to also take on the road in 2007 to college campuses all across the country!”
ZAP is setting sales records this year with its micro-car strategy for auto dealers and the introduction of the all-electric XEBRA. The XEBRA earned a rating as one of the ten “must see” cars by The San Jose Mercury News. The tiny, pod-shaped vehicles were developed and manufactured through a joint venture between US automotive distributor ZAP and Chinese automaker Shandong Jindalu. The two have launched an international campaign at http://www.zaptrees.org to plant trees for every vehicle sold with a challenge to the world to help plant one million trees.
Forms of transportation that don’t use oil are becoming more important in the auto industry. Recently, General Motors CEO Rick Wagoner issued a statement that, according to the Energy Department, the world will need about 70 percent more energy from 2003 to 2030, and oil alone will not be able to handle the increase.
About Little Radio EV
In pursuit of social and environmental responsibility, Little Radio EV is the sole retailer in Los Angeles for all ZAP (Zero Air Pollution) cars and other vehicles distributed through Voltage Vehicles. Little Radio EV looks to deliver the newest in electric vehicles and technology from manufacturers in the US and around the world with the intention of expanding its selection of alternative fuel vehicles in 2007. Starting in January, Little Radio will embark on a 4-month US tour to promote alternative fuels and vehicles, along with new music and media. Learn more at http://www.littleradioev.com.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid and other innovative power systems. For more information, visit http://www.zapworld.com.
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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Contact:
Contact:
ZAP Contacts:
Eveline Souza
Media Relations
707-525-8658 x 216
esouza@zapworld.com
Tony Collins
Investor Relations
(877) 990-1122
investor@zapworld.com
Auto Show On-site Contact:
info@littleradioev.com
Source: ZAP
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