Key Execs From Al Yousuf Group Visiting ZAP
SANTA ROSA, CA -- Jul 17, 2008 -- Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested.
Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.
Ashraf Saeed, COO of Al Yousuf Group"ZAP is leading the way by delivering electric vehicles today to meet increased demand and we are excited to bring the experience of our other technology investments into ZAP," said Mr. Saeed.
Mr. Ibrahim Abdue Redha Al Asmawi, the Business Development officer for the Al Yousuf Group, will also be visiting ZAP.
The Al Yousuf Group has taken an investment interest in ZAP's products for distribution in The Middle East and in helping the development of the Company. Mr. Eqbal Al Yousuf was recently appointed Chairman of ZAP's Board of Directors and attended his first board meeting as Chairman in June at ZAP's Santa Rosa headquarters. He also purchased a 50 percent stake in ZAP's Recharge-It-All battery line.
The Al Yousuf Group has invested in other environmentally oriented companies, including companies developing electric transportation technologies. In November, Al Yousuf invested in battery developer Altair Nano. In December, Al Yousuf invested in electric truck developer Phoenix Motorcars.
The Al Yousuf Group is one of the largest trading groups in The Middle East. Over the past 55 years, the Al Yousuf Group has grown into a leading business conglomerate in the Gulf Region with operations ranging from Motor Vehicles, Boat Manufacturing, Auto Rental, Real Estate Development, Home Electrical Appliances, Computer Operating Systems, Electronics, Transportation and more.
ZAP and Al Yousuf Meeting in DubaiAbout ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. 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. 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. 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
707-525-8658 x 241
acampbell@zapworld.com
Al-Yousuf Group
Mansoor Ali
97150-4578130
mansoorali@alyousuf.com
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A Disabled Veterans Reply
As a Disabled American Veteran and American Indian, I am proud to say I am the southeast regional representative for ZAP-Voltage Vehicles. I am very thankful for the opportunity to educate the south about the availability of choices in todays economy. I am very thankful that Gary Starr, Steve Schneider, Amos Kazzaz and the rest of ZAP management let me pursue my dream! This "Job" or should I say opportunity is a Dream come true! The dreams and freedoms I so proudly fought for while serving our country have come back 7 X 7 by being able to live out my dream in this wonderful country with this wonderful organization.
I might add that ZAP is the most diversely employed company I have ever seen in my life. Employees from more nationalities than I could count. Male, Female, white, brown, tall, short and every possible combination. I couldn't tell you how many languages are spoken on a daily basis by the staff. Diversity, ingenuity, intelligence, energetic, proud and delightful to be around is the best way I can describe our team in Santa Rosa, CA. To all others who might say otherwise, come see for yourself.
Jay M Hill
E-5 US Army
Disabled Veteran / American Indian(cherokee)
Zap Southeast US Business Development
This partnership is going to
This partnership is going to be really good for ZAP, it isnt just because of inflow of funds, but also because the Al Yousuf Group brings its international expertise and experience with it. Exciting times ahead.
Investors comming
Robert X. Betancourt Jr.
Indian Sailability coodinator
www.lubedealer.com/indiansailability
Now, If only there could be a "Franchise Trainer Program for Veterans", I and candidate Tom Lash(Green Party Candidate for California Assembly Long Beach) would like to see.
Let ZAP be the Leader of "How to be Green and employ Veterans in meaningful jobs that make a difference." I know the Saudis and the Arab Emirates were glad when we came to Desert Storm. I think the Saudis have been leaders of the Arab world, and this is one way to show that it is not all about oil.
I hope your guest gets to visit the BAADS(4156418343(Edward Galligher)).
Your Freind,
Robert