ZAP Announces 100-Unit Block Purchase Order for SMART Car
30 Novembre 2004 - 9:03PM
PR Newswire (US)
ZAP Announces 100-Unit Block Purchase Order for SMART Car
SEBASTOPOL, Calif., Nov. 30 /PRNewswire-FirstCall/ -- Automotive
technology pioneer ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) announced
today that, based on interest generated at the San Francisco
International Auto Show last week, it has received a 100-unit block
purchase order from a U.S. automotive dealer. ZAP will not announce
the name of the dealer until the cars are ready to be sold to the
general public, but is in discussion with a number of government
and corporate fleets as well as automotive wholesale dealers for
purchase orders of 100 or more cars, up to 15,000, by December 31,
2004 due to U.S. small manufacturers limitations. ZAP unveiled the
SMART Car to U.S. consumers last week at the San Francisco
International Auto Show, announcing that the U.S. Environmental
Protection Agency has issued a Letter of Conformity for the 60-MPG
car. This regulatory approval clears the way for ZAP to begin
organizing U.S. marketing and distribution for the SMART Car. ZAP
has an exclusive distribution contract with SMART-Automobile LLC
for the rights to sell the cars in the United States with a
near-term goal of 150 dealer outlets by second quarter of fiscal
year 2005. The SMART car enables ZAP to execute its new 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.
The SMART Car Americanized by ZAP is stylish, fun, parks in the
space of a motorcycle, stands up to a Mercedes in crash-tests, and
reportedly averages 60-MPG, making it one of the most efficient
internal combustion cars on the market, rivaling even hybrid
gas-electric cars. The SMART car has become a popular culture icon
since its release in Europe in 1998 and ZAP believes Americans will
snap up the SMART with gas prices at record levels.
SMART-Automobiles 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 stock
exchange under the 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. 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, +1-707-525-8658,
ext. 241, or , or investors, Steven Kim, +1-707-525-8658, ext. 298,
or , all of ZAP Web site: http://www.zapworld.com/
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