Electric Bike Maker ZAP Commences Public Offering Over Internet.SEBASTOPOL Sebastopol: see Sevastopol, Ukraine. , Calif.--(BUSINESS WIRE)--Jan. 7, 1997--ZAP Power Systems (ZAP) of Sebastopol has been cleared by the Securities and Exchange Commission to commence its initial public offering of 500,000 shares at $5.25 per share. The company's prospectus can be downloaded from their web site, http://zapbikes.com, by residents of selected states. ZAP develops, manufactures and markets lightweight, low-powered electric vehicles. The company currently produces an electric power assist kit for bicycles and tricycles and assembles complete electric powered bicycles and tricycles. The company also distributes electric scooters List of scooter models per manufacturer Aprilia
The company expects to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to increase its manufacturing capacity, develop new distribution channels, improve existing products, and develop new electric vehicle products. All of the 500,000 shares offered are being sold directly by the company. A prospectus is available by calling ZAP at its Sebastopol office at 1-800/251-4555 or by downloading downloading - download it from ZAP's website at http://zapbikes.com . CONTACT: ZAP Power Systems Alex Campbell This article is about Alex Campbell, the former Canadian politician. For the Scottish folk singer, see Alex Campbell (singer). Alexander Brad Campbell , 707/824-4150 |
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