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CEO Plans Meetings in 12 Cities, 7 Countries Over the Next Two Weeks With Former CEO of Lotus Engineering
Steve Schneider, CEO of electric car pioneer ZAP (OTCBB: ZAAP), says that ZAP is 'racing' to meet the opportunities that exist today in electric transportation. The Company has meetings over the next two weeks to further its business plans with various people and businesses in 12 cities, seven countries.
"The timing could never be better for ZAP's business plan," said Schneider. "In 1994 ZAP set out to create cost-effective electric vehicles because we knew that gas prices would continue upwards and people would start looking for alternatives. Well, that future is now and ZAP is racing to meet these opportunities."
Albert Lam, former CEO of Lotus Engineering, will be traveling with Schneider. Mr. Lam was appointed to ZAP's Board of Directors in November. He was instrumental in establishing a joint venture between ZAP and Youngman Automotive, one of China's leading bus and truck manufacturers. Mr. Lam has been named Chairman of the new Joint Venture Company with a focus on creating a line of electric and hybrid cars, trucks and buses.
Schneider said he plans to hold meetings in Tokyo, Shanghai, Beijing, Hangzhou, Jinhua, Nanjing, Kuala Lumpur, Singapore, Amsterdam, London, and Dubai. The meetings taking place are with manufacturers, technology suppliers, investors, banks and distribution partners.
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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.
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