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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/