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ZAP Shares to Remain Listed on Pacific Exchange.

Santa Rosa, CA-based advanced transportation technology developer ZAP recently announced that the PCX Equities, Inc. Equity Qualification Panel has accepted the company's plan to regain compliance with the $1.00 minimum price per share requirement for continued listing on the Pacific Exchange and will permit ZAP common stock to remain listed on the exchange.

According to ZAP, the company must regain compliance with the minimum price per share requirement by its next annual shareholder meeting to maintain its listing. Alternatively, the company must receive shareholder approval for a reverse stock split in a ratio designed to regain compliance with the share bid price requirement. ZAP's next annual shareholder meeting is scheduled for June.

Contact: Jennifer Zimmons, ZAP, phone 212-838-1444, website http://www.zapworld.com.

(EIN STAFF: 1/24)
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Publication:Electric and Hybrid Vehicles Today
Date:Jan 26, 2006
Words:128
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