Archive - Apr 1, 2003

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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.