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ZAP Announces Availability of Online Audio Interview Given by CEO Steve Schneider to Investment Newsletter ''OTC Journal''; Schneider Discusses ZAP Strategy for Delivery of Smart Car and Other Advanced Transportation and Energy Products
SANTA ROSA, Calif. --(Business Wire)-- June 1, 2005 -- ZAP (OTCBB:ZAPZ), pioneering the next generation of advanced transportation and energy technologies, has announced the availability of an online audio interview with CEO Steve Schneider on The OTC Journal, a leading investment information newsletter that focuses on news and opportunities in smallcap and microcap stocks. The interview provides an overview of ZAP's Smart Car delivery strategy and other topics, including additional high-efficiency vehicles and energy products that the Company distributes.
Among topics covered in the interview is ZAP's recent purchase order to smart GmbH, a division of Mercedes Benz, for $1 billion worth of Smart Cars. ZAP sent the purchase order to smart GmbH following higher-than-expected U.S. consumer demand for the vehicle. In the interview, Mr. Schneider clarifies recent market confusion surrounding the status of ZAP's relations with smart GmbH parent Mercedes Benz, itself a division of German-American automaker DaimlerChrysler.
To listen to the interview, please visit http://www.otcjournal.com/archive/listserv/20050601-1.html. Interested parties can sign up for The OTC Journal at www.otcjournal.com. The subscription is free. The OTC Journal plans to provide ongoing coverage and opinionated content on ZAP.
In the interview, Mr. Schneider discussed a March 21, 2005, meeting with senior management of smart GmbH, which led to ZAP's delivery of the purchase order to the Smart Car maker. Mr. Schneider also elaborated on ZAP's delivery strategy, which focuses on multiple channels for supply of the Smart Car.
"Our business plan has never relied on an exclusive relationship with Mercedes Benz and smart GmbH," said Mr. Schneider. "It has always been to get the vehicles from other importers, of which we have many at our disposal." ZAP has recently announced that non-Mercedes suppliers and importers have offered to provide ZAP approximately half a billion dollars worth of Smart Cars. Mr. Schneider said ZAP is also conducting meetings with tier one auto manufacturers - the same manufacturers who produce cars for major auto companies - to increase its capacity to Americanize Smart Cars.
In the interview, Mr. Schneider also discussed recent milestones in ZAP's growth strategy to be the leading U.S. portal for high efficiency and low-emission advanced transportation and energy products. ZAP is a pioneer in the zero-emission and advanced technology vehicle marketplace, and is continuing initiatives to bring improved electric and hybrid transportation solutions to the U.S. ZAP is also developing next-generation hydrogen-fuel cells for zero-emission electric vehicles.
Among other key products mentioned in the interview are ZAP's innovative multi-use batteries for electronic products that deliver up to four times the power of typical batteries, using unique flex-voltage features to charge or power a variety of devices, including cell phones and laptops. ZAP's flex-voltage batteries can enable users of laptop computers and other mobile technologies to reduce the number of batteries and transformers they must lug along when they travel.
About ZAP
ZAP, Zero Air Pollution(R), has been a leader in advanced transportation technologies and energy products since 1994. ZAP owns the technology developed by Smart-Automobile LLC to Americanize the popular European-made Smart Car for the U.S. marketplace. ZAP Americanizes the Smart Car to meet U.S. federal and state safety and emissions standards. 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. The Smart Car is manufactured by global automotive company DaimlerChrysler. ZAP purchases its vehicles from non-affiliated direct importer Smart-Automobile LLC. For more information, visit http://www.zapworld.com. For investor-specific information, visit http://www.trilogy-capital.com/tcp/zap. To read or download the Company's Investor Fact Sheet visit http://www.trilogy-capital.com/tcp/zap/factsheet.html.
Cautionary Statement
This press release contains forward-looking statements. 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 on 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.
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