Archive - Jul 2004

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Gas off record highs, but upward trend continues

Gas off record highs, but upward trend continues


www.californiagasprices.com

SOURCE: Various Sources

CALIFORNIA (July 29, 2004) ? Don't be fooled by all the gas price alerts across the U.S. reporting that gas prices are going down. Consumers may get some temporary relief, but historically gas prices increases have been accelerating and it may not be long before they start rising again.

ZAP to sell $24.5 million in common stock to Fusion Capital

SANTA ROSA, California, Wednesday, July 29, 2004 – Advanced technology vehicle company ZAP (OTC BB:ZAAP) announced today that it has entered into a $24.5 million common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago based institutional investor, whereby Fusion Capital has initially purchased 200,000 shares of ZAP’s common stock at a price of $2.50 per share. Fusion Capital has committed to purchase an additional $24.0 million of common stock over a 40-month period at a purchase price based upon the market price of ZAP's common stock on the date of each sale without any fixed discount to the market price.

ZAP highlights recent developments at annual shareholder meeting - SMARTCAR displayed

ZAP highlights recent developments at annual shareholder meeting - SMARTCAR displayed

SANTA ROSA, California (July 26, 2004) - Advanced technology vehicle company ZAP (Stock Symbol: ZAAP) introduced the new SMARTCAR to shareholders at its annual meeting over the weekend as well as announcing an infusion of $1.5 million in new capital.

ZAP's partner SMART Automobile LLC displayed a HUMMER with a SMART Car attached to the roof outside its 2004 shareholders meeting.

Chinese demand factors into global rise in oil prices

Chinese demand factors into global rise in oil prices

SOURCE: Various Sources

July 25, 2004 - Surging Chinese demand is underpinning the recent spike in the price of oil, figures from the International Energy Agency show.

Traffic reaches a standtill in Beijing. China has adopted tougher vehicle emissions standards in an effort to clean up a suffocating air pollution problem amid a nationwide wave of car purchases.(AFP/File/Frederic J. Brown)

ZAP Retains Fallon Law Offices of Santa Rosa

ZAP Retains Fallon Law Offices of Santa Rosa

SANTA ROSA, Calif., July 19, 2004 -- Transportation pioneer ZAP (Stock Symbol: ZAAP) announced today that it has retained the Law Offices of Michael C. Fallon of Santa Rosa, California.

Fallon Law Offices have been engaged by ZAP to handle various aspects of its corporate and securities law. Fallon assisted ZAP in 2002 during a reorganization of the Santa Rosa transportation developer.