ZAP Smart Car Orders Accelerate to Over $40,000,000
02 Février 2005 - 9:08PM
PR Newswire (US)
ZAP Smart Car Orders Accelerate to Over $40,000,000 Media Preview
Underway SANTA ROSA, Calif., Feb. 2 /PRNewswire-FirstCall/ -- Major
U.S. automotive dealers gave industry pioneer ZAP (OTC:ZAPZ)
(BULLETIN BOARD: ZAPZ) an additional $16,000,000 in purchase orders
for the Smart Car Americanized by ZAP. This is in addition to the
original $21,000,000 reported on February 1. This brings the total
amount of purchase orders received from the NADA show to over
$37,000,000, bringing orders in hand to over $40,000,000. The
company is still in the process of tallying up all the purchase
orders received at the show. ZAP now has U.S. compliant Smart Cars
available for sale and today is hosting a demonstration to the
media by appointment in the Los Angeles area. The Smart Car needs
to undergo testing to meet California emissions standards, followed
by New York, Maine, Massachusetts and Vermont, before it can be
sold in these states. "We had just an understated 10-by-10 booth,
the smallest one there," said CEO Steven Schneider, "but the desire
for the car was overwhelming, as evidenced by the orders received."
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. Smart-Auto LLC is an
independent, privately-held company that oversees the direct
importation and modification of automobiles to meet U.S. standards.
About ZAP ZAP has been a leader in clean transportation
technologies since 1994, delivering more than 85,000 vehicles to
customers in more than 60 countries. A public company, ZAP is
traded on the Over-the-Counter Bulletin Board under the stock
symbol ZAPZ. The company offers a variety of advanced technology
vehicles, including electric cars, bicycles, scooters, motorbikes,
underwater scooters and more. For more information, visit
http://www.zapworld.com/ or call +1-707-525-8658. 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: Alex Campbell of ZAP, +1-707-525-8658,
ext. 224 Web site: http://www.zapworld.com/
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