ZAP's Smart Car Orders Leap Again to Over $55 Million
09 2월 2005 - 4:58AM
PR Newswire (US)
ZAP's Smart Car Orders Leap Again to Over $55 Million SANTA ROSA,
Calif., Feb. 8 /PRNewswire-FirstCall/ -- California automaker and
distributor ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) announced today
that it has received more purchase orders for the Smart Car
Americanized by ZAP, with orders in-hand totaling over $55 million.
Last week, ZAP announced that orders had surpassed $40 million for
the famous Smart Car from Europe, but CEO Steve Schneider says that
ZAP is still receiving orders due to its debut at the nation's
largest auto dealer convention NADA on January 29 as well as the
Company's recent announcement that it has completed "Americanized"
versions of the car. ZAP "Americanizes" the Smart Car to meet U.S.
safety and emissions standards at a facility in California. "This
tiny, classy car is defying all the experts -- even our own
projections," said Schneider. "We hoped the Smart Car would be a
hit with rising gas prices, but everything we heard from the
industry was that the micro-car was dead in the United States, even
the automakers. There has been a 'super-size' mentality in the
United States over the past few decades that bigger is better, but
really smarter is better -- and the Smart Car proves that. We think
the Smart Car will make a big impact on our society like the beetle
did 50 years ago." Schneider says that he expects more orders once
the initial Smart Cars are shipped to U.S. dealers. The SMARTCAR
enables ZAP to accelerate its business plan of establishing a ZAP
auto dealer network that caters to socially responsible car buyers
with advanced automotive technologies, including fuel-efficient
automobiles powered by gasoline, electric, hydrogen and other
fuels. The publicly owned Northern California Company made a name
for itself over the past decade pioneering the market for electric
cars, bikes and scooters. About ZAP ZAP has been a world leader in
advanced transportation technologies since 1994, delivering its
award-winning ZAP vehicles and energy products to customers in more
than 60 countries. A public company, ZAP is traded on the
Over-the-Counter stock exchange under the symbol ZAPZ. The company
offers a variety of advanced technologies and vehicles, including
cars, bicycles, scooters, motorbikes, underwater scooters and more.
For more information, visit http://www.zapworld.com/ or call
707-525-8658. 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. ZAP purchases its
vehicles from non-affiliated direct importer Smart-Auto LLC.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including, without limitation, continued acceptance of the
Company's products, increased levels of competition for the
Company, new products and technological changes, the Company's
dependence upon third-party suppliers, intellectual property
rights, and other risks detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission.
DATASOURCE: ZAP CONTACT: media, Alex Campbell, ext. 241, or , or
investors, Steven Kim, ext. 298, or , both of ZAP, +1-707-525-8658
Web site: http://www.zapworld.com/
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