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ZAP’s (ZAAP.OB) CEO and Al Yousuf’s COO Show Support for Kentucky Governor

Source: http://Blog.QualityStocks.net/?p=11586
Posted on Wednesday, August 6th, 2008 | In Market Commentary, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Contributed by: QualityStocks (http://QualityStocks.net) -

Tuesday August 5th, ZAP’s CEO Steve Schneider and Ashraf Saeed, COO of the Al Yousuf Group which has provided nearly $15 million in capital over the past year to help ZAP increase its electric vehicle manufacturing, marketing and distribution, stood by while Kentucky’s Governor Steve Beshear signed an executive order directing the Transportation Cabinet to immediately develop and implement an emergency regulation authorizing the use of low-speed electric vehicles on Kentucky’s roadways, including the Xebra, a 40-MPH electric car and truck.

According to the company, the Xebra took more than three decades of thought and evolution to create and will offer a whole new driving experience, one that the state of Kentucky will soon experience. The ZAP Xebra sedans and trucks are unique and quiet, yet agile, and produce 98% fewer pollutants than gas cars. Because the Xebra is electric, it just needs to be plugged in and can be recharged from any electrical outlet.

“Kentuckians, like all Americans, are hard hit by record-high gas prices,” Gov. Beshear said at a news conference today announcing the order. “These tough times call for creative solutions, and I believe allowing Kentuckians the option of using an electric vehicle is one of those solutions. Electric vehicles may help ease the burden on the pocketbooks of hard-working Kentucky families, as well as reduce their carbon footprint.”

Steve Schneider also stated on behalf of ZAP, “Never have we received such hospitality and such overwhelming enthusiasm for electric vehicles as exhibited by the Governor and every single person we met while in Kentucky. Seeing such a swift reaction by the Kentucky government in favor of ZAP affirms our belief that the time is now for electric transportation to play a greater role in society. We all want to build better transportation and it doesn’t matter if you live in Kentucky or California, the dream is everywhere.”

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