SANTA ROSA, CA -- (Marketwire) -- 12/18/08 -- Two veteran automotive executives, H. Dennis
Kammerer and Rodger L. Cornish, say electric car pioneer ZAP (OTCBB: ZAAP)
is already building all-electric models and the US government should offer
support to companies who are already building plug-in transportation.
The two auto industry veterans were recently recruited for the development
of ZAP's electric vehicle dealer and fleet markets. Kammerer has served as
both National Dealer Development Manager and National Business Management
Manager for Volvo Cars of North America and SAAB Cars USA. He has extensive
field experience with Audi Financial Services.
"I did research on all the auto companies, large and small," said Kammerer.
"ZAP has the most practical and cost-effective line of 100 percent plug-in
electric cars and trucks today. The timing for this is ideal. With a
Federal Tax Credit in place, auto dealers can immediately invest in an
alternative profit center while contributing and accelerating the adoption
and evolution of electric vehicles."
ZAP's marketing strategy is to provide a range of affordable electric
vehicles through a network of authorized sales and service centers. In the
past year ZAP has added to the size of its US dealer network with record
electric car and truck shipments for the third quarter of fiscal 2008.
Rodger L. Cornish is a 25-year auto industry veteran appointed to help
expand ZAP's presence within the fleet market. ZAP recently introduced a
new four wheel electric truck to help the Company expand its fleet
presence.
"I've worked for Subaru, Mazda, Chrysler as well as most of the major fleet
management companies in the US," said Cornish. "It will take years for the
auto industry to move into electric cars when ZAP has the electric cars and
trucks we want today. If ZAP has achieved this without Federal support,
imagine what they could do with just a little?"
"The federal government should ensure that small auto companies such as ZAP
receive equal treatment for both the tax credit and from the loan program.
I believe this is what Congress intended when they approved TARP," said ZAP
Founder Gary Starr who built his first electric car in 1974. "It seems
wrong that ZAP's employees, dealers, customers and 15,000 shareholders, as
tax payers, will be loaning money to the Big 3 to not build electric cars,
while ZAP is actually building them. Why should the smaller electric car
companies help finance their competition?"
About ZAP
ZAP has been a leader in electric transportation since 1994, delivering
over 100,000 vehicles to consumers in more than 75 countries. ZAP
manufactures a line of electric vehicles, including electric city-cars and
trucks, motorcycles, scooters, bicycles, and ATVs. ZAP sells some of the
only electric city-cars and trucks in production today and is developing a
high-performance electric vehicle called the ZAP Alias. The Company
recently announced a strategic partnership with Dubai-based Al Yousuf Group
to expand its international vehicle distribution. For product, dealer and
investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. 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.
Contact:
Alex Campbell
ZAP Media Relations
707-525-8658 ext. 241
acampbell@zapworld.com