ZAP Rides Smart Car Sales to Record Month
30 3월 2006 - 12:00AM
PR Newswire (US)
Last Few Weeks Validates ZAP's Business Model SANTA ROSA, Calif.,
March 28 /PRNewswire-FirstCall/ -- Automotive pioneer ZAP (PCX: ZP;
NYSE Arca: ZP) announced today that its initial sales in various
model year Smart Cars have exceeded $2.3 million, which would
result in record monthly auto sales since ZAP launched its
automotive marketing. "The purpose of this announcement is to let
the world know that we are executing on our business plan," said
ZAP CEO Steve Schneider. "This is just the beginning. We look
forward to the rapid ramp up to fulfill the demand for these
wonderful micro cars". Recently, ZAP and its partners announced
that 2005 model year Smart Cars are being delivered and sold to
dealers in: Nevada, Arizona, Florida, Washington, New Hampshire and
Pennsylvania. ZAP is establishing a nation-wide dealer network that
specializes in smaller, more fuel-efficient gas systems, electric
cars, hydrogen, fuel cell, alcohol, hybrid, trybrid and other
innovative power systems. 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. The 2005
Model Year Smart Car Americanized for ZAP currently complies with
regulatory requirements in all states except California, New York,
Massachusetts, Maine and Vermont. 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 http://www.zapworld.com/ . Cautionary
Statement This press release contains forward-looking statements.
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 on 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: investor
relations, Jennifer K. Zimmons, +1-212-838-1444, or , or media
relations, Alex Campbell, +1-707-525-8658, ext. 241, or , both of
ZAP Web site: http://www.zapworld.com/
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