ZAP (OTCBB: ZAAP)
SANTA ROSA, CA and BAYAMON, PUERTO RICO–(MARKET WIRE)–Jan 19, 2007 — Rising gas prices on the island of Puerto Rico have prompted a distributor of gasoline scooters in Bayamon, Puerto Rico, AJ Imports, to enter into a venture with transportation pioneer ZAP (OTC BB:ZAAP.OB – News) to market its electric cars, scooters, seascooters, bicycles, personal transporters and other alternative fueled vehicles.
ZAP Director of International Affairs Fernando Cancela says that hundreds of vehicles have already been shipped to AJ Imports in Bayamon, a beach community where the company sells and rents vehicles serving primarily the tourism industry. Cancela says that oil prices are having a significant affect on many smaller countries around the world, including islands, which rely almost exclusively on imported oil.
“Around the world we are seeing growing demand for the technologies being developed by ZAP,” says Cancela, who has worked with ZAP in international marketing since 1998. “ZAP is in a very good position to serve the needs of developing countries in the Caribbean, Central and South America and around the world. Many of these smaller countries are vulnerable to volatile oil prices and ZAP’s technologies, especially its electric vehicles, can serve a wide range of needs for lower fueling and maintenance costs — not to mention helping reduce carbon emissions and air pollution.”
On behalf of ZAP, AJ Imports will serve as the exclusive distributor to the island of Puerto Rico and the smaller surrounding islands. The company has already started marketing ZAP’s ZAPPY3 electric personal transporters, XEBRA Truck, ZAP Seascooters, BUZZZ electric ATVs and more. Owner Francisco Javier Rodriguez says the response from Puerto Ricans has been enthusiastic.
“There has always been a lot of talk about bringing more electric vehicles to the island, but in all my research I found that ZAP is one of the only companies that is actually selling vehicles in volume today,” said Rodriguez. “ZAP has ambitious plans to be a leader for new technologies in transportation and AJ Imports looks forward to a long, successful relationship. Just showing around the ZAPPY3 PRO electric scooter I have had a lot of interest, including interest for security and warehouse management from Coca-Cola.”
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:
Francisco Javier Rodriguez
AJ Imports
ajtrading6465@yahoo.com
Eveline Souza
ZAP Media Relations
(707) 525-8658 x 216
esouza@zapworld.com
Sherri Haskell
ZAP Investor Relations
707-525-8658 x 232
shaskell@zapworld.com
Source: ZAP
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