XEBRA, A new electric car design from ZAP (OTC BB: ZAAP) has been ordered for Atlanta. A 'green' trust fund based in Atlanta is investing in a dealership for ZAP electric cars and trucks. Learn more at http://www.zapworld.com (PRNewsFoto/ZAP).
ATLANTA, March 5 /PRNewswire-FirstCall/ -- Seeking to invest in environmentally-friendly technologies, a trust fund based in Atlanta, Georgia has placed an initial order for 40 electric cars and trucks from California electric car pioneer ZAP (BULLETIN BOARD: ZAAP) .
The trust fund is setting up a dealership with ZAP to distribute the ZAP XEBRA (pronounced "zebra") electric car and truck in the Atlanta area. James Tucker, Executive Trustee representing the trust fund, says he already has orders and strong interest for the ZAP XEBRA.
"We figured, why give all the money to the oil companies?" said Tucker. "We have interest from all over the Atlanta area -- from city fleets, planned communities, law enforcement, major corporations, colleges -- we expect orders for 2000 ZAP vehicles in the initial phase of our marketing."
ZAP calls the XEBRA a "city-car," an all-electric design for city-speed driving and priced around $10,000 that comes in a 4-door sedan or pickup truck with a convertible dump/flat bed. It plugs into a standard 110-volt outlet for a full charge in up to six hours and a 50 percent charge in 1.5 hours, and also has an optional solar charging panel. Fueling is estimated to cost 1-3 cents per mile, or about one-fifth that of gas vehicles. ZAP says the XEBRA was designed as an affordable alternative for multi-car families, city driving and fleets.
The American Lung Association in 2005 listed Atlanta as having the ninth worst air pollution in the country. Studies show that electric cars can reduce automotive emissions by more than 90 percent, even including the emissions from power plants to recharge the vehicles.
ZAP is recruiting auto dealers across the country to form a distribution network to market electric cars and other forms of advanced transportation technologies. ZAP has 22 dealers listed on its website at http://www.zapworld.com/ .
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new recharge-it-all technology that provides power for mobile electronics, including cell phones, digital recorders and laptops. For more product, dealer and investor information, visit http://www.zapworld.com/ .
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.