Archive - Apr 2003

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ZAP Moves to Santa Rosa, California

Submitted by acampbell on Wed, 04/23/2003 - 20:00.

SANTA ROSA, California (April 23, 2003) - Publicly owned electric vehicle company ZAP (OTC BB:ZAPZ) announced today that it has moved its headquarters to an historic building in downtown Santa Rosa.



ZAP opened its Santa Rosa retail store in November 2002 and last month negotiated for the purchase of what local historians call the Carrithers Building.

Electric Transport Co. ZAP Expands into South America

Submitted by acampbell on Wed, 04/16/2003 - 20:00.

SEBASTOPOL, Calif. (April 16, 2003) - Electric transportation developer ZAP (OTC BB:ZAPZ) today announced that it has finalized plans to manufacture and market ZAP products throughout South America, a move that will help lower its manufacturing costs while expanding its global marketing strategy.

ZAP announced it has completed the acquisition of ZAP Latin America, a distribution partner established five years ago to research the market for ZAP vehicles in South America. The company currently operates two retail locations and is creating a manufacturing operation to build ZAPPY electric scooters as well as the company's line of patented ZAP Power System bicycle motors kits. A sample order has been received from Uruguay and first shipments are expected in May.

ZAP Launches Ad Campaign for SEASCOOTER™

Submitted by acampbell on Tue, 04/08/2003 - 20:00.

SEBASTOPOL, California (April 8, 2003) - Airline travelers throughout the United States are being asked to 'Dive In' and try the new SEA-DOO® SEASCOOTER™ from ZAP (OTC BB:ZAPZ).

The California electric vehicle developer today announced it is launching a national advertising campaign for the SEASCOOTER™ through in-flight magazines. The ads are now running with Southwest and Delta airlines with more expected through spring and summer, which ZAP says should be the peak buying season for the SEASCOOTER.

ZAP Signs $650,000 Financing Agreement with Daka

Submitted by acampbell on Mon, 04/07/2003 - 20:00.

SEBASTOPOL, California (April 7, 2003) – ZAP (OTC BB:ZAPZ) announced today that Daka Development Ltd. has provided $650,000 in new financing to the Company. Under terms of the agreement, $325,000 will be converted to equity and $325,000 will be repaid under credit terms. The financing will be applied towards inventory purchases from Daka.

A Northern California electric transportation developer, ZAP markets a full-line of electric vehicles, including cars, motorbikes, scooters, bicycles, aquatic vehicles and more. In 2002, ZAP signed an agreement with Daka to design, manufacture and market new forms of advanced and alternative energy and transportation products.

ZAP Reports Profits of $1.15 Million for Fiscal 2002

Submitted by acampbell on Tue, 04/01/2003 - 21:00.

SEBASTOPOL, Calif. (April 1, 2003) – Electric transportation company ZAP (OTC BB:ZAPZ) today announced that it has recorded net profits of $1.15 Million for the fiscal year ended December 31, 2002 after recording a $3.9 million extraordinary gain of long-term debt that was converted into common stock. Net earnings were $0.28 per share.