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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!) | ||||||||||||||
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