ZAP Names Former SEC Counsel Mark Abdou to Board of Directors
SANTA ROSA, CA--(MARKET WIRE)--Jun 8, 2009 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB - News) has appointed Mark Abdou to its Board of Directors. Mr. Abdou was the Company's previous outside SEC counsel for over five years. He is currently the CEO and Managing Partner of Libertas Law Group in Long Beach, California. Mr. Abdou said, "I believe it is an opportune time for ZAP as consumers increasingly look for environmentally friendly and green options, especially in the area of transportation. I look forward to my involvement in the company in working towards continued growth and progress during this exciting time." "Mark's extensive corporate and legal expertise brings great depth to our Board," said Steve Schneider, CEO of ZAP. "ZAP remains a company fully committed to ensuring we operate under sound corporate governance and as ZAP continues to innovate and lead the movement in electric transportation, Mark will be a valuable asset as part of our team in providing his insight and knowledge to enhance our efforts." From August 2008 to March 2009, Mr. Abdou served as General Counsel and Sr. Vice President of GTX Corp, a technology company committed to developing miniaturized GPS tracking and cellular location-transmitting technology platforms for integration into a wide variety of consumer products. From December 2003 to August 2008, Mr. Abdou was a partner at Richardson & Patel, LLP, with expertise in negotiating with large debt and equity lenders. From February 2001 to December 2003, Mr. Abdou was an associate with Greenberg Traurig, one of the nation's largest law firms, where he negotiated with large debt and equity lenders, including a large Las Vegas casino, assisted with financing, defended hostile takeover attempts, and counseled companies on general business and corporate matters. While serving these various positions, he has assisted corporations with IPOs, and has been involved with mergers and acquisitions, registered offerings, S.E.C. compliance and corporate governance. Mr. Abdou also served as counsel for various companies based in the Middle East. Mr. Abdou received his Juris Doctorate from the UC Berkeley School of Law in 1999 and is a member of the California State Bar Association. He has served as co-chair of the financing committee for the Voices of Uganda project Voices in Harmony and is also a founding director of Project PLAY! In addition, Mr. Abdou is a founder and current Chairman of the Advisory Board of California Executives. Most recently, he was selected as a Rising Star of 2008 and Rising Star of 2009 in Southern California by the industry publication Super Lawyers®. About ZAP ZAP has been a leader in electric transportation since 1994, delivering over one hundred thousand vehicles to consumers in more than seventy-five countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs. ZAP sells some of the only electric city-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias. For product, dealer and investor information, visit http://www.zapworld.com. Forward-Looking Statement This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.