Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP
2008-07-29 05:00:00
Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP
ROME, GA–(EMWNews – July 29, 2008) – Former Pirelli Tire North America president and
CEO Gaetano “Guy” Mannino, after a lifetime of association with the auto
industry, is speaking out about electric car technologies and his recent
business venture with ZAP (
Mannino’s company, Verdek, has agreed to be the distributor for ZAP in the
state of Georgia, where Mannino’s business is headquartered. However, in
an interview this week with www.CEONEWS.tv, Mannino talks about his plans
for ZAP in the US and abroad.
“I am working with ZAP to bring the products into Europe,” Mannino told
CEONEWS.tv. “There is potential for a branch in Italy. In Italy it is
getting close to $10 a gallon. The size of the ZAP vehicle is perfect for
that market. I think there is a big opportunity.” Hear the complete
interview at http://www.CEONEWS.tv.
Earlier this month, www.GlobalAtlanta.com, an online news source
representing Atlanta’s role in the global marketplace, interviewed Guy
Mannino and took a test drive in a Xebra city-speed electric car. Link:
http://stories.globalatlanta.com/2008stories/016206.html
Mannino issued a statement as a call to action in June for corporate
America to stop talking ‘green’ and start driving ‘green.’
“Now is the time for corporate America, as well as Federal, State and local
governments, to take action and proclaim our independence from oil and
gas,” he continues. “Now is the time for electric vehicles that lower fuel
costs, as well as combat pollution and global warming.”
For more information about Verdek and Verdek-EV, please visit the
tri-lingual (English, Spanish and Italian) web sites at www.Verdek.com and
About 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 [email protected] |
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