Wednesday, March 15, 2006

Smart-Automobile LLC Announces Technology License for Smart Car Americanized by ZAP(R), Final U.S. Clearance for Smart Cars In-Hand

Wednesday March 15, 9:12 am ET
LONG BEACH, Calif., March 15 /PRNewswire/ -- Smart-Automobile LLC announced today its proprietary technology has been successfully applied in the modification of the Smart For Two Coupe / Convertible for direct importation to the United States.
Smart-Automobile is part of a venture to independently bring the fuel- efficient Smart Car to the U.S., where the popular car has not been available since its introduction in 1998. Smart-Automobile has contracted for the exclusive distribution of the Smart Cars to publicly owned automotive company ZAP of Santa Rosa, California, to be marketed to consumers through a ZAP authorized dealer network. Registered import company G&K Automotive Conversions of Santa Ana, California, has been contracted for the conversion of the cars to meet U.S. standards. Smart-Automobile President Thomas Heidemann announced that he is pleased to reach this milestone, having invested significant capital and several years in bringing the fuel-efficient car from Europe to the United States where gas prices are reaching record levels.

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