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ZAP Announces Orders of $4.98 Million for SMART Car
Receives Second $2 Million Purchase for Smart Americanized by ZAP
SANTA ROSA, Calif., Dec. 20 /PRNewswire-FirstCall/ -- Automotive technology
pioneer ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) announced today it has received
a second 100-unit wholesale purchase order for the SMART Car, bringing the
total in wholesale fleet orders in hand to $4.98 million.
ZAP 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 by
December 31, 2004. ZAP unveiled the SMART Car to U.S. consumers in November at
the San Francisco International Auto Show, announcing that the U.S.
Environmental Protection Agency has issued a Letter of Conformity. 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 SMARTCAR 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.
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 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. 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, +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.zapworld.com/