Archive - Jun 21, 2002

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ZAP Plan of Reorganization Confirmed, Emerges from Chapter 11

Submitted by acampbell on Fri, 06/21/2002 - 20:00.
SEBASTOPOL, Calif. (June 21, 2002) - ZAP (OTC:ZAPPQ) announced today that its Plan of Reorganization has been confirmed by the United States Bankruptcy Court, which clears the way for the Company to emerge immediately from Chapter 11. The Plan includes a merger with two privately held companies as well as a reverse split of its stock.