Smart Car Americanized by ZAP Debuts at National Automobile Dealers Association Expo, Jan. 29-Feb. 1 in New Orleans
26 Janvier 2005 - 2:52PM
PR Newswire (US)
Smart Car Americanized by ZAP Debuts at National Automobile Dealers
Association Expo, Jan. 29-Feb. 1 in New Orleans NEW ORLEANS, Jan.
26 /PRNewswire-FirstCall/ -- Automotive technology pioneer ZAP
(OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) is introducing the Smart Car to
America's top auto dealers at NADA 2005, January 29 through
February 1, 2005 in New Orleans. According to the National
Automobile Dealers Association, its members comprise approximately
20,000 franchised new car and truck dealers holding nearly 43,000
separate franchises, domestic and international. NADA's dealer base
represents more than $699 billion in annual sales revenues. The
annual convention and exposition held this year at the Ernest N.
Morial Convention Center includes 49 workshops for dealers and more
than 500 exhibiting automotive companies. NADA 2005 will be ZAP's
first public appearance geared for new car dealers of the unique,
high-efficiency Smart Car. This is ZAP's first foray into the
market for gas-powered automobiles, looking to capitalize on the
worldwide popularity of the Smart micro-car from Europe. ZAP says
the fuel-efficiency and the style of the Smart Car have become
legendary here in the U.S. as travelers abroad have brought back
stories about falling in love with the car in Europe. Nearly 9000
individuals have registered their purchase interest in the cars
and, based on dealer interest to date, ZAP expects dealers will be
eager for its business plan to establish a dealer network for
fuel-efficient and advanced automotive technologies. ZAP is working
on finalizing its marketing, distribution and service program for
the car, including working with its new dealers to buy 100-unit
blocks of the car to speed up supply. This week ZAP announced that
it has began the process to 'Americanize' the first Smart Cars, a
series of modifications for the car to meet U.S. DOT and EPA
standards. The cars are being modified at a facility in California
and ZAP expects the first of these cars to be available for test
ride soon. The Smart Car accelerates ZAP's Business Plan to
manufacture and distribute automobiles utilizing advanced fuel
technologies. ZAP recently announced a joint venture in China that
is near completion on its first manufacturing facility that will
work in the development of its advanced batteries and ZAP CAR(R)
brand automobiles powered by a variety of advanced fuels, including
cars that run on gasoline, electricity, hydrogen and other
technologies. Over time ZAP plans introduce more cars to its dealer
network to sell alongside the Smart. ZAP is also a manufacturer and
distributor of personal transportation vehicles, including
scooters, bicycles and other motorized vehicles. 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: press, 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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