Last Few Weeks Validates ZAP's Business Model
SANTA ROSA, Calif., March 28 -- Automotive pioneer ZAP (PCX: ZP; NYSE Arca: ZP) announced today that its initial sales in various model year Smart Cars have exceeded $2.3 million, which would result in record monthly auto sales since ZAP launched its automotive marketing.
"The purpose of this announcement is to let the world know that we are executing on our business plan," said ZAP CEO Steve Schneider. "This is just the beginning. We look forward to the rapid ramp up to fulfill the demand for these wonderful micro cars".
Recently, ZAP and its partners announced that 2005 model year Smart Cars are being delivered and sold to dealers in: Nevada, Arizona, Florida, Washington, New Hampshire and Pennsylvania. ZAP is establishing a nation-wide dealer network that specializes in smaller, more fuel-efficient gas systems, electric cars, hydrogen, fuel cell, alcohol, hybrid, trybrid and other innovative power systems.
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