ZAP, Inc (ZAAP.OB) announced that the company has added six new electric car dealers during the beginning of year 2008. Together, all dealers have signed purchase orders totaling 614 Xebra sedans and trucks.
Specifically, all purchase orders are non – refundable, legally binding contacts for a mixture of ZAP Xebra electric sedans and trucks. The orders also include the Zapino, ZAPPY3 PRO, ZAPPY3 EZ and the ZAP Mid-Sized ATV. Overall, the total value of purchase orders amount to $5,127,850.
ZAP’s CEO, Steve Schneider, expects more dealers to join their distribution network shortly. The company currently has 54 dealers within the United States, with a goal to establish 100 dealers by the end of the year.
Steve Schneider stated, “We are looking for dealers who want to take action today. The technology for electric cars is coming faster than everyone thinks. We will be working very hard this year to expand and refine our dealer network for the more advanced vehicles planned for 2009.”
Schneider added, “We have restructured our distribution concept to offer an incentive for dealers who can tap into the many vertical markets opening up for electric vehicles and to be able to profit from them right away. Today’s Xebra is the VW Bug of electric cars; it’s basic and cost-effective. Companies like UPS, Coke and others are finding ways to incorporate these environmentally friendly vehicles into their bottom line savings and with today’s economy the demand can only grow.”
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