ZAP Receives Orders for 2,300 Electric Cars at NADA 2007 |
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Zap
501 Fourth St.
Santa Rosa, CA, 95401
USA
Press release date: February 8, 2007
ZAP recruits 19 electric car dealers, receives hundreds of inquiries at nation's largest auto dealer conference
SANTA ROSA, Calif., Feb. 8 -- Electric car maker ZAP (BULLETIN BOARD: ZAAP) received signed, non-cancelable purchase orders for 2,300 electric cars from 19 dealers at the National Automobile Dealers Association (NADA) annual convention and exposition, February 3-6 at the Las Vegas Convention Center.
ZAP showcased its lineup of advanced automotive technologies at NADA's annual exposition, including the new ZAP-X crossover, XEBRA truck and OBVIO ! 828 micro-sports car. ZAP says that 19 auto dealers placed signed non- cancelable purchase orders for 2,300 electric cars, which would nearly double the number of its existing dealers. For a listing of ZAP dealerships, visit http://www.zapworld.com/.
ZAP Chief Executive Officer Steve Schneider said rising oil prices and concerns over energy independence are driving renewed interest in electric car technology. The auto dealer market is so competitive, Schneider believes electric cars are just what many dealers are looking for to attract more customers and build their business.
"NADA is such a busy event for auto dealers, but the excitement for electric cars was at such a high level that 19 dealers committed right on the spot," said Schneider. "We also had more than 300 dealer inquiries at the end of the show, so we expect this number to grow as these dealers return home and have the time to review the opportunity."
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering more than 90,000 fuel-efficient vehicles to consumers in more than 75 countries. A publicly owned company, ZAP is at the forefront of transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems. Additionally, ZAP has developed a sophisticated renewable energy solution through its "Recharge-it-All" line of batteries for powering and recharging mobile electronics. For purchasing, dealer and investor information, call 707-525-8658 or visit http://www.zapworld.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20070208/SFTH036 http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN5 PRN Photo Desk, photodesk@prnewswire.com
Source: ZAP
CONTACT: Eveline Souza, Media Relations, +1-707-525-8658, ext. 216, or esouza@zapworld.com, or Sherri Haskell, Investor Relations,+1-707-525-8658, ext. 232, or shaskell@zapworld.com, both of ZAP
Web site: http://www.zapworld.com/
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