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ZAP Signs Agreement With Costco
SANTA ROSA, Calif., Nov. 24 /PRNewswire-FirstCall/ -- Advanced automotive
technology Company ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) announced today that
it has signed an agreement with Costco Wholesale Corporation.
ZAP has entered into a vendor-supplier relationship with Costco to supply the
nationwide retailer with the newest in its line of energy-efficient and
advanced technology vehicles. ZAP's new ZAPPY(3) electric scooter is now
available at Costco.com and ZAP CEO Steve Schneider says the two Companies are
in discussion on a full-line of ZAP's products.
"ZAP is excited to be involved with Costco on the introduction of the ZAPPY(3),
the first high performance three-wheeled scooter on the market," said ZAP CEO
Steve Schneider. "We are honored that the ZAPPY(3) meets the rigorous
product-testing criteria that Costco demands for its members. This is an
achievement for ZAP's designers and manufacturing partners to meet the Costco
level of quality, among the highest in the world."
ZAPPY(3) takes scooters to a whole new level of fun, with a powerful new drive
technology built directly into the front wheel. The 36-volt wheel motor offers
improved acceleration and greater efficiency for longer rides and better
handling. The third wheel makes ZAPPY(3) easier to balance for beginners, but
also more maneuverable for experts. The steering radius literally turns on a
dime and even goes in reverse. Quiet and rechargeable, ZAPPY(3) folds in
moments with the tools provided for easy storage or transport. A convenient
LED fuel gauge on the handlebar keeps track of the battery charge and a key is
included for locking the scooter when not in use.
Schneider added that ZAP is in discussions to bring some of its other new
products to nationwide retailers, including its new lithium-ion battery system,
ZAP Portable Energy(TM), which powers a wide range of mobile electronic
devices. ZAP also announced this week that the EPA has approved the 60-MPG
SMART Car from Europe, clearing the way for U.S. sales by ZAP.
ZAP pioneered the electric scooter market in 1997 with its world-reknown ZAPPY
Classic folding electric scooter. The new ZAPPY(3) continues ZAP's drive to be
a leader for Zero Air Pollution(R) (ZAP) technologies. Consumers can now
purchase the ZAPPY(3) electric scooter at http://www.costco.com/ under the
keyword 'ZAP' for $349, including shipping.
About ZAP
ZAP has been a world leader in cleaner 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.
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, +1-707-525-8658, ext. 241, or
; or investors, Steven Kim, +1-707-525-8658, ext. 298,
or , both of ZAP
Web site: http://www.costco.com/
Web site: http://www.zapworld.com/