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| Ev Archive for June 1998 |
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| 895 messages, last added Wed Aug 08 18:42:29 2001 |
[Date Index][Thread Index]
EVLN($425,000 Taiwan ZAP Order, ZAP Opens Office in Shanghai)
EVLN($425,000 Taiwan ZAP Order, ZAP Opens Office in Shanghai)
[The Internet Electric Vehicle List News. For Public EV informational
purposes. Contact source for reprint rights.]
--- {EVangel}
ZAP Welcomes Clinton to China, Opens Office in Shanghai
SEBASTOPOL, Calif.--(BUSINESS WIRE)--June 29, 1998--America's leading
manufacturer of >>electric<< >>bicycles<< and scooters, ZAP Power
Systems, announced the opening of a representative office in Shanghai.
With recent efforts to cut air pollution, the company expects China to
be a big market for low-powered >>electric<< >>vehicles<<.
`With the growing global interest in ZAP Bikes, we thought the timing
was right to open this office in Shanghai,` said ZAP managing director
Gary Starr.
China's recent economic growth has brought about the proliferation of
polluting two-stroke gas scooters as a step-up from bicycles. The gas
vehicles are so widespread, cities like Shanghai have plans to curtail
their use and replace them with >>electric<< bikes, which offer a
silent, no emissions alternative. The >>electric<< >>bicycle<< offers
the opportunity to replace the most polluting vehicle in the world,
with the least polluting vehicle in the world. With the recent
international treaty on global warming and the adverse health effects
of urban smog, ZAP is hoping to prove that >>electric<< bikes are the
most appropriate solution for urban transportation. Last week the
company announced a $425,000 order of ZAP units to Taiwan.
ZAP, located in Sebastopol, California, has delivered over 10,000
>>electric<< >>vehicles<< to over 50 countries. ZAP (which stands for
'Zero Air Pollution') received its start at the >>electric<<
>>vehicle<< incubator at the former US Alameda Naval Air Station, and
has been a member of the CALSTART >>electric<< >>vehicle<< consortium
since its inception. ZAP has worked closely with the Chinese business
community for the past three years. The bicycle that is available in
Shanghai represents a bilateral partnership+ the bike is Chinese and
the >>electric<< motor system is `Made in the USA.`
`The President's visit to China represents a unique opportunity to
highlight this successful China-USA partnership and demonstrate to the
world the exciting possibilities that exist between the U.S. and
China,` said Starr. `With technology developed in the USA and mutual
cooperation, China can leap frog conventional polluting vehicles and
jump directly into the >>electric<< >>vehicle<< age.`
Test drives of ZAP's >>electric<< bikes are available to the media and
the President by contacting ZAP at its Shanghai office or at
707/824-4150 or by accessing their web site at http://zapbikes.com.
--30--MJB/ho..
CONTACT: ZAP Power Systems, Shanghai Chen Yi, 862-165-959509, E-mail:
zapzapbikes.com
===
California Electric Vehicle Company Zap Receives $425,000 Order From
Taiwan
SEBASTOPOL, Calif.--(BUSINESS WIRE)--June 15, 1998--ZAP Power Systems
and Z-Mark of Taiwan announced today that the two companies have
agreed to open electric bicycle and electric scooter outlets in
Taiwan. Z-Mark has placed its first order which is valued at more than
$425,000.
"I have spent many years researching the electric vehicle industry,"
said Louis Shih, managing director of Z-Mark and a 30 year veteran of
the bicycle industry. "What is important to the consumer is
reliability and low cost. ZAP has the best reputation and the best
product. We expect to sell both the ElectriCruizer bicycle and ZAPPY
scooter through our outlet store as well as motorcycle and automotive
dealers."
ZAP has sold over 10,000 units and recently introduced its
ElectriCruizer(TM) bicycle and ZAPPY(TM) scooter which are both priced
at $649.99. The Company is also working with local businesses to open
electric vehicle outlets worldwide; stores are already open in San
Francisco, Maui, Santa Barbara, Michigan, Shanghai, and Scotland.
The Z-Mark purchase represents the second significant order received
this year by the electric vehicle company. In April, ZAP received a
$1,000,000 purchase contract from the global electric utility Central
and South West Corp.
The Company's additional direct public offering will be used in part
to open electric vehicle outlets around the world and finance an
expansion of the Company's manufacturing and assembly capacity to meet
record demand. The shares are offered for sale in selected states. To
receive a prospectus, call the shareholder relations department at
(800) 251-4555 or download it from http://www.zapbikes.com.
ZAP Power Systems develops, manufactures, markets, and distributes a
full line of competitively-priced electric vehicles to over 45
countries worldwide through distributors, dealers, business partners,
the internet, and franchise stores. Founded in 1994, ZAP products
include electric bicycles, tricycles, powerboards, scooters, and
motorcycles.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. [...] see www.otcfn.com/zapp.
CONTACT: OTC Financial Network Geoffrey J. Eiten, (888) 372-ZAPP /
(781) 444-6100 geiten@otcfn.com or ZAP Power Systems Alex Campbell,
(800) 251-4555 / (707) 824-4150 http://www.zapbikes.com
...
http://www.businesswire.com/ webmaster@businesswire.com
Copyright 1998, BUSINESS WIRE. All rights reserved. Fax# 415-788-5335,
Tel# 415-986-4422, 44 Montgomery St, Floor 39, SF, CA 94104 USA
---
____________{Statements may not be my Employer's} (BruceDP@iname.com)
____ http://user.aol.com/brucedp/ EV List News Editor
~/__|o\__ http://crest.org/ev-list-archive/
'@----- @'---(= Get Amp'd 'Electric cruis'n the Santa Clara Valley'
SJEAA EVents officer Renewable Energy News contributing Editor
http://user.aol.com/sjeaa/ EAA Board member http://www.eaaev.org
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