ZAP (NYSE arca: ZP)
New Dealership Sells Two XEBRAs Since Grand Opening Friday
FULTON, Calif.–(BUSINESS WIRE)–Sept. 12, 2006–The unique XEBRA electric car from automotive pioneer ZAP (NYSE Arca:ZP) rolled out to car-buyers in the Sonoma County wine country over the weekend, with two orders placed since opening and additional interest generated on eBay.
ZAP says the XEBRA was designed to fill a very specific need in the US for 100 percent electric city-speed vehicles priced under $10,000 and CEO Steve Schneider says the company is now marketing the only electric car in full production today faster than 25 MPH.
“So far we are pleased with the response at Voltage Vehicles,” said Schneider. “Two XEBRAs were sold there since opening, including one to a person who said they were a mayor visiting the area from the Midwest. We also talked to a lot of business-owners who operate fleets asking about the XEBRA PK designed to fit specific uses.”
Schneider added that, for the first time ever, Voltage Vehicles has put a first generation demonstrator XEBRA on eBay. As of Monday afternoon, the bidding had reached $6,700 with five days to go. More than 2,000 Internet users have visited the eBay auction site, according to the eBay counter.
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.
Contact:
ZAP
Alex Campbell, 707-525-8658 ext. 241
acampbell@zapworld.com
Source: ZAP
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