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ZAP Power Systems Signs Agreement In Principle for $4.05 Million in Financing

18 February 1999

ZAP Power Systems Signs Agreement In Principle for $4.05 Million in Financing

    SEBASTOPOL, Calif.--Feb. 17, 1999--ZAP Power Systems (OTC BB:ZAPP) of Sebastopol announced today it has signed an Agreement in Principle with a private party for up to $4.05 million in equity capital.
    The Company noted that the agreement was only in principle, and there could be no assurance that the financing would close. No further details were available.
    ZAP is a publicly owned company with stock trading under the symbol ZAPP. For additional information call 800/251-4555 or access the company's Web site, http://www.zapbikes.com.