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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/