May 30, 2006 08:00
ZAP Ships 200th Smart Car
SANTA ROSA, Calif. --(Business Wire)-- May 30, 2006 Automotive
pioneer ZAP (NYSE Arca:ZP) announced today that it has shipped its
200th Smart Car Americanized for ZAP, according to CEO Steve
Schneider.
The Smart Car is featured in an opening chase-scene in The Da
Vinci Code now playing in theaters around the world. ZAP is now
delivering Smart Cars to its authorized dealers across the USA. The
Smart Car is the most fuel-efficient all-gas turbo in the country at
40 MPG and the only micro-car available at a time of record gas
prices. The Smart Car has received the regulatory approval through
its registered importers to allow for distribution in the USA by
ZAP.
European
Smart fortwo Model
Shown Above
ZAP is commencing auto sales through authorized and licensed ZAP
sales and service centers throughout the country. ZAP is seeking to
expand its distribution through partnering with a select group of
dealers marketing advanced technology vehicles. A publicly owned
company based in Northern California, ZAP recently launched sales
for a new electric car called the XEBRA and is working to develop
other vehicles as part of its automotive business plan, which
includes a new Brazilian "trybrid" micro-car powered by
gasoline, electricity and ethanol.
About ZAP
ZAP has been a leader in advanced transportation technologies
since 1994, delivering over 90,000 vehicles to consumers in more
than 75 countries. ZAP is at the forefront of fuel-efficient
transportation with new technologies i
ncluding energy efficient gas systems, hydrogen, electric, fuel
cell, ethanol, hybrid, trybrid and other innovative power systems.
The Smart Car Americanized by ZAP currently complies with regulatory
requirements in all states except California and four other states.
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. For more information, visit
http://www.zapworld.com.
Forward Looking Statements
Statements in this press release that relate to future plans or
projected results of ZAP are 'forward-looking statements' within the
meaning of Section 27A of the Securities Act of 1933, as amended by
the Private Securities Litigation Reform Act of 1995 (the "PSLRA"),
and Section 21E of the Securities Exchange Act of 1934, as amended
by the PSLRA, and all such statements fall under the 'safe harbor'
provisions of the PSLRA. ZAP's actual results may vary materially
from those described in any 'forward-looking statement' due to,
among other possible reasons, the continued acceptance of ZAP's
products, increased levels of competition, new products and
technological changes, ZAP's dependence on third-party suppliers,
intellectual property rights, and the realization of any of the
other risks described in ZAP's Annual Report on Form 10-KSB, or in
any of ZAP's other filings with the Securities and Exchange
Commission. Readers of this press release are cautioned not to put
undue reliance on forward looking statements.
ZAP
Jennifer Zimmons, 212-838-1444 (Investor Relations)
jzimmons@zapworld.com
Alex Campbell, 707-525-8658 ext. 241 (Media Relations)
acampbell@zapworld.com
