-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, REAsBKKvA+/KxFADdAUBPyPhLj9jcdktEl30y4evWRcA47GvgqQHy+nYqp0MZ9EM 1J7pLd4SpeKAmlJaziU3tg== 0001072613-08-001877.txt : 20081008 0001072613-08-001877.hdr.sgml : 20081008 20081008135356 ACCESSION NUMBER: 0001072613-08-001877 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081008 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081008 DATE AS OF CHANGE: 20081008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZAP CENTRAL INDEX KEY: 0001024628 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 943210624 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32534 FILM NUMBER: 081113945 BUSINESS ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 BUSINESS PHONE: 7075258658 MAIL ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 FORMER COMPANY: FORMER CONFORMED NAME: ZAPWORLD COM DATE OF NAME CHANGE: 19990715 FORMER COMPANY: FORMER CONFORMED NAME: ZAP POWER SYSTEMS INC DATE OF NAME CHANGE: 19970319 8-K 1 form8-k_16131.htm FORM 8-K DATED OCTOBER 8, 2008 WWW.EXFILE.COM -- 888-775-4789 -- ZAP -- FORM 8-K
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
 
FORM 8-K
  
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  October 8, 2008
                                   
                                     
ZAP
(Exact name of Registrant as specified in its charter)
 

California
001-32534
94-3210624
(State or other jurisdiction of
incorporation or organization)
Commission File Number
IRS Employer
Identification Number
          
501 Fourth Street
Santa Rosa, CA
                                        
95401
(Address of principal executive offices)
                                        
(Zip Code)

(707) 525-8658
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)
 
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
ZAP
 
This Current Report on Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant’s management, as well as estimates and assumptions made by the Registrant’s management. When used in the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant’s management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant’s industry, operations and results of operations and any businesses that may be acquired by the Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
 
 
 
 
Item 8.01
Other Events
 
On October 8, 2008, ZAP, a California corporation (the “ZAP”) issued a press release announcing that record electric vehicles shipped (unaudited) in the quarter ended September 30, 2008 for the Advanced Technology Vehicle segment.

In the quarter ended September 30 2008, ZAP shipped 240 Xebra vehicles as compared to 80 in the quarter ended September 30 2007, or an increase of 160 vehicles and 200%.  For the quarter ended June 30, 2008, the number of vehicles shipped was 130 as compared to 80 in the quarter ended June 30 2007, an increase of 50 vehicles or 62%.

Within the Advanced Technology Vehicles segment, vehicle shipments of Xebras reached a record high in the month of September at 121 units.

A copy of the press release is incorporated by reference and filed as Exhibit 99.1 to this report.
 
 

 

Item 9.01. 
Financial Statements and Exhibits
 
(d)   Exhibits
     
Exhibit
Number
    
Exhibit Title or Description 
99.1
 
Press Release of ZAP dated October 8, 2008
 
 
 
 
 

 
 
- 2 - -

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 

 
                   
             
ZAP
   
                
 
   
                
 
Date:   October 8, 2008
                
By:  /s/ Steven M. Schneider
                   
 
Steven M. Schneider
                   
 
Chief Executive Officer
 
          
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

- 3 - -


EX-99.1 2 exh99-1_16131.htm PRESS RELEASE WWW.EXFILE.COM -- 888-775-4789 -- ZAP -- EXHIBIT 99.1 TO FORM 8-K
EXHIBIT 99.1
 
ZAP Has Record Third Quarter Electric Vehicle Shipments

Santa Rosa, CA (October 8, 2008) – Electric transportation pioneer ZAP (OTC BB: ZAAP) announces that unprecedented demand for alternative transportation has resulted in record electric vehicles shipped (unaudited) in the quarter ended September 30, 2008  for the Advanced Technology Vehicle segment. This was the best sales quarter since ZAP launched its Xebra sedan and pickup truck vehicle line in 2006.

In the quarter ended September 30, 2008, we shipped 240 Xebra vehicles as compared to 80 in the quarter ended September 30, 2007, or an increase of 160 vehicles and 200%. For the quarter ended June 30, 2008 the number of vehicles shipped was 130 as compared to 80 in the quarter ended June 30, 2007, an increase of 50 vehicles or 62%.
 
 
Three months
ended September 30,
Three months
ended June 30,
 
2008
2007
Increase %
2008
2007
Increase %
                 
Xebra Vehicles Shipped
240
80
160
200%
130
80
50
62%


Within the Advanced Technology Vehicles segment, vehicle shipments of Xebras hit an all-time record in the month of September at 121 units.

ZAP CEO Steve Schneider commented that the drivers behind this dramatic growth include an increase in overseas manufacturing capabilities, continued expansion of qualified dealers, and the recent $10 million working capital credit line that accelerated production and assembly operations.

As a result of an increase in demand for electric cars and other forms of plug-in transportation, ZAP has increased its workforce by almost 30 percent since the beginning of the year, largely in its U. S. production and assembly facilities.
 
While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth, said CEO Steve Schneider said last month. “We are proud that ZAP is one of the few companies filling the need for an affordable electric car.” He added that ZAP is launching new electric vehicles in the fourth quarter.
 
The ZAP Xebra is rapidly expanding the niche for electric vehicle driving. Rather than designing their popular city-car simply to replace a gasoline vehicle, ZAPs approach to the Xebra was to make an affordable, 100 percent electric vehicle for on-road use today. MSRP is $11,700 for the sedan and $12,500 on the truck. ZAP designed the Xebra primarily for in-town personal, family, businesses and fleet operation. Xebras can travel up to 40 MPH.
 
Satisfied owners have praised the Xebra. “The best purchase I have ever made,” writes Barbara Brown of Oregon. “I love it,” said Susan Jones of California. “I could sell one everyday,” writes Ron Harris of Colorado about all the positive reactions he gets driving around town. More customer reviews are available at: http://www.zapworld.com/zap-customers.
 
 

About ZAP
 
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP is positioning its business at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems. ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. Future plans for the venture are dependent upon both parties receiving outside financing. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
 
 
This press release contains forward-looking statements. While these statements are made to convey to the public the Company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially from those described. 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. Many of these risk factors are set forth in the company’s periodic findings with the U.S. Securities and Exchange Commission.
 
 
Contact:
 
Philip A. Mickelson
ZAP Investor Relations
707-525-8658 x 207
pmickelson@zapworld.com
 
Alex Campbell
ZAP Media Relations
707-525-8658 x 207
acampbell@zapworld.com

 
 

 

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