| Business Summary | | ZAP,
formerly
known
as
ZAPWORLD.COM,
designs,
assembles,
manufactures
and
distributes
electric
bicycle
power
kits,
electric
bicycles
and
tricycles,
electric
scooters,
electric
motorcycles
and
other
personal
electric
transportation
vehicles.
The
Company
manufactures
an
electric
motor
system
that
is
sold
as
a
kit
to
be
installed
by
the
customer
on
their
own
bicycle.
The
Company
also
installs
the
motor
system
on
specially
designed
bicycles
that
are
manufactured
under
contract.
Additionally,
ZAP
produces
the
electric
scooter,
known
as
the
ZAPPY.
The
Company
is
the
United
States
distributor
of
the
Electricycle
scooter
that
is
imported
from
Taiwan,
and
is
also
a
distributor
of
an
electric
motorcycle
known
as
the
Lectra.
ZAP
also
has
agreements
to
distribute
the
Electric
Pedi-Cab,
the
E-Kart,
an
electric
go-kart
and
the
Lepton,
an
Italian
manufactured
electric
motor
scooter. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ZAP
is
engaged
in
the
manufacture
and
distribution
of
an
array
of
electric
vehicles,
including
electric
bikes,
electric
scooters,
electric
motorcycles
and
neighborhood
electric
cars.
For
the
six
months
ended
6/30/01,
net
sales
fell
29%
to
$3
million.
Net
loss
applicable
to
Common
totaled
$3.3
million,
up
from
$960
thousand.
Results
reflect
less
sales
and
greater
returns
from
customers
due
to
the
poor
worldwide
economy,
and
increased
salaries
and
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | Robert
E. Swanson,
Chmn. Gary
Starr,
Pres./CEO Andrew
Hutchins,
VP Scott
Cronk,
VP Joni
Arellanes,
Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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