ELECTRIC VEHICLE MAKER ZAP RECEIVES STOCK SYMBOL: ZAPP
SEBASTOPOL, California (March 10, 1998)-ZAP Power Systems,
the Sebastopol manufacturer of electric bikes and scooters,
has received clearance for public trading of its common stock
on the OTC Bulletin Board and has been assigned the symbol ZAPP.
ZAP has also been cleared by the Securities and Exchange Commission
to commence a public offering of stock at $6.00 per share.
The company expects to use the net proceeds from the offering
to increase its manufacturing capacity and to open additional
distribution channels including ZAP Electric Vehicle Outlet
franchise stores.
The 500,000 shares are being sold directly by the Company
and specific brokers. A prospectus is available in selected states
by calling ZAP at 800-251-4555 or by downloading it from ZAP's web
site at www.zapbikes.com.
(Comments anyone? ...A well chosen symbol for starters!) |
