As Oil Prices Pass $70, ZAP Electric Vehicles Zoom.SANTA ROSA Santa Rosa, city, Argentina Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area. , Calif. -- Sales for electric vehicles from ZAP (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ZAAP ZAAP zSeries Application Assist Processor (IBM) ZAAP Zone Annunciator Alarm Panel (Sprint) ZAAP Z Application Assist Processors ) are taking off faster than predicted. Initial supplies of the ZAPPY zap·py adj. zap·pi·er, zap·pi·est Slang Lively: a zappy tune. 3 and Zapino scooters have now sold out and ZAP estimates a 4-week waiting list. "We have increased our orders and the new shipments are expected by the end of July," said ZAP CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steve Schneider. With gas reaching an all-time high in June, ZAP an alternative transportation company based in Santa Rosa, California Santa Rosa is the county seat of Sonoma County, California, USA. As of January 1 2007, the population of Santa Rosa was approximately 157,985 residents. Santa Rosa is the largest city in California's Wine Country and fifth largest city in the San Francisco Bay Area, after San says interest for all of its electric vehicles have increased beyond their expectations. The Zapino, a new motorbike design introduced last month, sold out in just over two weeks. Likewise, ZAP's ZAPPY3 line of personal electric transporters sold out during one of the busiest buying seasons of the year. "The price of fossil fuels is one of the most important reasons why ZAP exists -- to provide alternatives," said Schneider. "As we celebrate Independence Day, I think we should revisit the idea of energy independence that can be so important to the U.S. economy. EVs can even help with your own personal finance." Schneider noted that electric vehicles typically cost a fraction of gas vehicles. ZAP's electric XEBRAs cost between one and three cents a mile, compared to more than 20 cents a mile for conventional automobiles. Schneider cited recent reports that more than 60 percent of the oil used in the USA is now imported. In the USA, about 25 barrels of oil per person are consumed each year, and 15 of those barrels are imported. At an average cost of $70 per barrel, the imported oil costs more than $1,000 per person per year. The U.S. has just three percent of the known world oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally , yet we use 25 percent of the world's oil. "In order to end our country's addiction to oil and combat global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. , we must focus on real solutions like increasing vehicle fuel efficiency and increasing our use of electric cars," said Schneider. ZAP is working to create an online advance order system. To place an order, visit http://www.zapworld.com. About ZAP ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 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 is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion