"The little train that could...."(might be able to).
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Press Release Source: ZAP
ZAP Ships 200th Smart Car
Tuesday May 30, 8:00 am ET
SANTA ROSA, Calif.--(BUSINESS WIRE)--May 30, 2006--Automotive pioneer ZAP (NYSE Arca:ZP) announced today that it has shipped its 200th Smart Car Americanized for ZAP, according to CEO Steve Schneider.
The Smart Car is featured in an opening chase-scene in The Da Vinci Code now playing in theaters around the world. ZAP is now delivering Smart Cars to its authorized dealers across the USA. The Smart Car is the most fuel-efficient all-gas turbo in the country at 40 MPG and the only micro-car available at a time of record gas prices. The Smart Car has received the regulatory approval through its registered importers to allow for distribution in the USA by ZAP.
ZAP is commencing auto sales through authorized and licensed ZAP sales and service centers throughout the country. ZAP is seeking to expand its distribution through partnering with a select group of dealers marketing advanced technology vehicles. A publicly owned company based in Northern California, ZAP recently launched sales for a new electric car called the XEBRA and is working to develop other vehicles as part of its automotive business plan, which includes a new Brazilian "trybrid" micro-car powered by gasoline, electricity and ethanol.
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, ethanol, hybrid, trybrid and other innovative power systems. The Smart Car Americanized by ZAP currently complies with regulatory requirements in all states except California and four other states. ZAP is not affiliated with, or authorized by, smart gmbh, the manufacturer of Smart automobiles, or the smartUSA division of Mercedes-Benz LLC, the exclusive authorized U.S. importer and distributor of those vehicles. For more information, visit 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
Jennifer Zimmons, 212-838-1444 (Investor Relations)
jzimmons@zapworld.com
Alex Campbell, 707-525-8658 ext. 241 (Media Relations)
acampbell@zapworld.com
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Source: ZAP |
