New Fuel Systems Inc. to Highlight ZAP Electric Vehicles During 2010
Winter Olympics in British Columbia
SANTA ROSA, CALIF. & VANCOUVER, BRITISH COLUMBIA, August 21 /CNW/ -
Electric Vehicle pioneer ZAP (OTCBB:ZAAP) and New Fuel Systems Inc. today
announced they have signed a distribution agreement for Canada, sparked in
part by Canada's commitment to reduce greenhouse gases under the Kyoto
Under the agreement, New Fuel Systems Inc. has agreed to the initial
purchase of $1 million ($1,000,000) worth of ZAP electric vehicles, including
ZAP electric cars, trucks, mopeds, scooters and other electric vehicles. New
Fuel Systems plans to open retail locations throughout Canada and showcase
electric transportation during the 2010 Winter Olympics being planned for
Whistler, British Columbia.
According to Company officials: ZAP and New Fuel Systems Inc. share a
common goal to increase the awareness and sales of electric vehicles,
including automotive and consumer vehicles, while contributing to the
reduction of carbon emissions and greenhouse gases. With the combined goals
and strength of these two companies, this vision can become a reality at a
much greater pace.
The Canadian Government signed the "Kyoto Protocol" which binds them
under international law to reduce greenhouse gases. Officials from ZAP and New
Fuel Systems believe this opens up tremendous opportunities in Canada and the
world for environmentally friendly alternatives like ZAP's "zero emission"
New Fuel Systems Inc. is located in Vancouver, British Columbia, a port
city on the west coast of Canada. New Fuel Systems says Vancouver is a
multicultural city in a province that is considered to be the most
environmentally and socially conscious province in Canada. World attention
will be focused on the 2010 Winter Olympic Games, which will be held in
Whistler, just North of Vancouver, and are being promoted as the first ever
"Green" Olympic Games. The California Senate and British Columbia government
are working together to achieve "emission reductions" programs and "green
consciousness." It is the mission of ZAP and New Fuel Systems Inc. to promote,
market and utilize "ZAP Electric Vehicles" before, during, and after this
major event while at the same time promoting the agenda of the California
Senate and BC Government. Canada is a vast country with an "environmentally
conscious" population; therefore ZAP and New Fuel Systems believe Canada will
be eager to receive the vehicles they have to offer.
About New Fuel Systems Inc.
New Fuel Systems Inc. is positioning to be a leader in the marketing and
distribution of advanced technology vehicles with plans to open retail
locations throughout Canada while fulfilling government, commercial and
general public demand for affordable clean vehicles. New Fuel Systems Inc.
recognizes the potential of ZAP vehicles in meeting its environmental goals of
reducing greenhouse gases with products that are affordable and comparable to
most gasoline-powered machines. The vehicles consume electricity, which is a
renewable form of energy.
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, hydrogen, electric, fuel cell, ethanol, hybrid
and other innovative power systems, ZAP is developing a high-performance
crossover SUV electric car concept called ZAP-X engineered by Lotus
Engineering. The Company recently launched a 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.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
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
For further information:
For further information: ZAP Alex Campbell, 707-525-8658 ext. 241
firstname.lastname@example.org or New Fuel Systems Inc. Rob Intile, 604-763-4017 VP,