ZAP Displays Next-Generation, Fuel-Efficient Micro-Cars at ValueRich Financial Expo in Palm Beach March 9 - 12
28 2월 2005 - 10:02PM
PR Newswire (US)
ZAP Displays Next-Generation, Fuel-Efficient Micro-Cars at
ValueRich Financial Expo in Palm Beach March 9 - 12 SmartCar Offers
Affordable, Efficient, Safe Transportation for Environmentally
Conscious Consumers WEST PALM BEACH, Fla., Feb. 28
/PRNewswire-FirstCall/ -- ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) , a
developer of environmentally responsible transportation and
advanced fuel technology, is rolling out a colorful array of its
unique micro-cars at the ValueRich Small Cap Financial Expo, in
West Palm Beach, Fla., March 9-12, at the Palm Beach County
Convention Center. ZAP specializes in environmentally friendly and
advanced fuel technology vehicles, including electric cars,
bicycles, scooters, motorbikes, underwater scooters and all terrain
vehicles (ATV). The Company is also a developer of next-generation
batteries and portable power devices. ZAP will be showcasing its
ZAP CARS(R), including the new Smart Car, Americanized by ZAP to
meet federal regulations. The Company is ramping up to distribute
the popular two-seat, gas-sipping micro-car from Europe in the U.S.
for the first time and will be also visiting a dealer in the
region. ZAP's process to 'Americanize' the Smart Cars to U.S.
highway and emissions standards started when it signed a deal for
the cars in 2004, and thousands of Smart Car fans have flooded ZAP
with purchase inquiries and orders in anticipation of being the
first to own the famous European micro- car. ZAP has announced that
it had received over $55 Million in wholesale purchase orders
following a recent dealer convention with a goal of establishing
150 dealers in the U.S. this year. It appears that ZAP has created
more demand than there its initial supply. Many customers have
expressed disappointment that it has taken so long to bring the
cars into the United States, but the company that has been
contracted to modify the cars to U.S. standards says it can
complete the cars soon. "We have everything we need to start
shipping cars, all we need are some headlight parts which we expect
to be arriving shortly," said George Gemayel of registered importer
G&K Automotive Conversion, Inc. in a meeting with ZAP on
February 14. ZAP signed a $10 Million exclusive agreement with
direct-import company Smart-Auto LLC, which engaged G&K to
perform the federal modifications. ZAP is also showcasing its
electric Intimidator L.U.V. at the conference, a sleek new
two-passenger electric car that ZAP is targeting to resort and
retirement communities. The tiny electric car plugs in at any
household outlet and is a silent, inexpensive alternative for
in-city driving. Less than eight feet in length, ZAP says both cars
have received rave reviews for their size, which gives them an
advantage in areas with parking shortages. ZAP is also showcasing
its electric Intimidator L.U.V. at the conference, a sleek new
two-passenger electric car that ZAP is targeting to resort and
retirement communities. The tiny electric car plugs in at any
household outlet and is a silent, inexpensive alternative for
in-city driving. Less than eight feet in length, ZAP says both cars
have received rave reviews for efficiency, safety and size, which
provide a tremendous advantage in areas with parking shortages and
high gas prices. About ZAP ZAP has been a leader in clean
transportation technologies since 1994, delivering more than 90,000
vehicles to customers in more than 75 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 technology
vehicles, including electric cars, bicycles, scooters, motorbikes,
underwater scooters and new advanced battery devices. 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 Relations -
Alex Campbell, +1-707-525-8658 x 241, , or Investor Relations -
Steven Kim, +1-707-525-8658 x 298, , for ZAP Web site:
http://www.zapworld.com/
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