Archive - Jul 28, 2004

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Gas off record highs, but upward trend continues

Submitted by acampbell on Wed, 07/28/2004 - 20:00.

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

Submitted by acampbell on Wed, 07/28/2004 - 20:00.
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.