Archive - Feb 25, 2005

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ZAP and Fusion Capital Mutually Terminate Financing Agreement

Submitted by acampbell on Fri, 02/25/2005 - 21:00.

ZAP and Fusion Capital Mutually Terminate Financing Agreement

SANTA ROSA, Calif. (February 25, 2005) - Automotive technology pioneer ZAP (OTC Bulletin Board: ZAAP) today announced that it has mutually agreed with Fusion Capital Fund II, LLC to terminate their existing $24 million common stock purchase agreement.