Electric Bikes and Scooters ZAP Houston
15 September 1998Electric Bikes and Scooters ZAP Houston
HOUSTON, Sept. 15 -- Kilowatts, not oil futures, are the latest buzz in Texas as industry and government energy leaders from around the world meet this week at the 17th World Energy Council Congress & Exhibition, September 13-17 at the George R. Brown Convention Center in Houston. ZAP, which stands for ZERO AIR POLLUTION (OTC Bulletin Board: ZAPP), a Sebastopol, California-based electric vehicle manufacturer, will be displaying electric bikes and scooters at the exhibition. The company believes electric bikes are practical transportation for the future because they are efficient, cost effective and non-polluting. The company, which formed in 1994, recently announced the shipment of its 15,000th unit and reported record sales for the month of July. The company's international distribution includes the Internet, electric vehicle franchises and foreign distributors. Growing concern over global greenhouse gasses has countries throughout the globe eager to purchase its electric vehicles and ZAP has now exported product to over 45 countries. Over 120 law enforcement agencies in the nation are using ZAP's PATROLBIKE(TM). ZAP will be introducing a new scooter at the exhibition, the $649 ZAPPY(TM) folding electric scooter. The ZAPPY is ideal for congested regions and for use in conjunction with mass transit, since it folds and unfolds for easy storage or carrying. ZAP managing director Gary Starr says the response for the ZAPPY has been remarkable. The company has already received advanced orders for over 1,000 units and it was recently featured in The Wall Street Journal, Outside Magazine, on The Today Show, and was named by The Gadget Guru as one of the best new products of 1998. ZAP's most popular electric bicycle is the $699 ElectriCruizer. It uses a rugged classic cruiser styling that comes in red, blue and black. With comfort features like the a six-speed derailleur, wide cushion seat, upright handlebars, and options like fenders and baskets, the bike has all the amenities for daily commuting or recreation. The power-assist helps you up to 14 MPH and includes a battery and charger that works in any conventional outlet, and recharges for less than 3 cents. For further information about ZAP's electric bikes and scooters, contact their Web site, http://www.zapbikes.com, or call toll-free at 800-251-4555. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.