Archive - Sep 20, 2005

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ZAP Obtains $425 Million Revolving Line of Credit to Import SMART Cars and Other Fuel-Efficient Vehicles

Submitted by acampbell on Tue, 09/20/2005 - 20:00.

ZAP Obtains $425 Million Revolving Line of Credit to Import SMART Cars and Other Fuel-Efficient Vehicles

Tuesday September 20, 3:40 am ET

SANTA ROSA, Calif.--Sept. 20, 2005--ZAP (PCX: ZAAP- News), announced today that it has concluded an agreement for a $425 million revolving financing facility with Surge Capital II, LLC that could be used to import SMART cars and other advanced transportation vehicles for its dealers.

ZAP Signs Exclusive Agreement for OBVIO!™ Urban Cars of Rio de Janeiro

Submitted by acampbell on Tue, 09/20/2005 - 20:00.
SANTA ROSA, California (September 21, 2005) - Transportation pioneer ZAP (ZAAP - News) announced today that it has signed an agreement for the exclusive North American distribution of a new urban car from Brasil with OBVIO ! Automotoveiculos S.P.E. Ltda., of Rio de Janeiro. ZAP and OBVIO ! expect to unveil prototypes in the U.S. by the end of 2005.