ZAP Now Listed on New York Stock Exchange Arca (NYSE Arca: ZP)
March 08 2006 - 8:00AM
PR Newswire (US)
NEW YORK, March 8 /PRNewswire-FirstCall/ -- Automotive pioneer ZAP
(PCX: ZP; NYSE Arca: ZP) announced today that, following a merger
between the New York Stock Exchange Group and Archipelago Holdings,
Inc., the Company's stock will change from PCX: ZP to NYSE Arca:
ZP. An all-electronic stock exchange, Archipelago will become a
wholly owned subsidiary of the NYSE Group, Inc., the newly formed
holding company that will publicly trade on the NYSE as "NYX." NYSE
Group will offer, among other things, multiple trade execution and
issuer listing platforms, all to provide better services and
products for customers and investors. "As a public company, this is
an historic day and we wanted to ensure that our public,
market-makers, brokers and dealers were aware of the changes taking
place," said ZAP Chief Executive Officer Steve Schneider. "As a
company focused on bringing innovation to the auto industry, we
offer our congratulations for the achievements of Arca Ex(R) in
bringing innovation to the stock market." Schneider believes ZAP to
be the smallest company in recent history to be listed as part of
the NYSE Group. ZAP had been listed with the Archipelago Exchange
since June of 2005. "This merger transforms and modernizes the New
York Stock exchange with a growth strategy for the future," said
NYSE Group Chief Executive Officer John A. Thain in an announcement
following the merger. About NYSE Group, Inc. NYSE Group, Inc. is a
holding company that, through it subsidiaries, is a leading global
multi-asset financial marketplace that operates multiple securities
market centers, including the New York Stock Exchange (the "NYSE")
and NYSE Arca (formerly known as the Archipelago Exchange, or Arca
Ex, and the Pacific Exchange). Through these market centers, the
NYSE Group is a leader in securities listings, market-information
products and services, and offers a range of investment vehicles
and order execution services. For more information on NYSE Group,
go to: http://www.nyse.com/. About ZAP ZAP, Zero Air Pollution(R),
has been a leader in advanced transportation technologies since
1994, delivering over 90,000 vehicles to consumers in more than 75
countries. ZAP is at the forefront of fuel-efficient transportation
with new technologies including energy efficient gas systems,
hydrogen, electric, fuel cell, alcohol, hybrid, trybrid and other
innovative power systems. For more information, visit
http://www.zapworld.com/. Cautionary Statement 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 on 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.
DATASOURCE: ZAP CONTACT: Jennifer K. Zimmons, Investor Relations,
+1-212-838-1444, or , or Alex Campbell, Media Relations,
+1-707-525-8658, ext. 241, or , both of ZAP Web site:
http://www.zapworld.com/
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