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ZAP Receives Visits from Key Execs of Al Yousuf Group.

Publication: M2 Presswire
Publication Date: 18-JUL-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-18 July 2008-InvestSource Inc.: ZAP Receives Visits from Key Execs of Al Yousuf Group(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:18072008

Stocks in the news: ZAP (OTC BB:ZAAP.OB), Navistar International Corporation (NYSE: NAV), Monaco Coach Corporation (MNC), Lucas Energy, Inc. (AMEX:LEI)

July 17, 2008 - Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested.

Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.

"ZAP is leading the way by delivering electric vehicles today to meet increased demand and we are excited to bring the experience of our other technology investments into ZAP," said Mr. Saeed.

Mr. Ibrahim Abdue Redha Al Asmawi, the Business Development officer for the Al Yousuf Group, will also be visiting ZAP.

The Al Yousuf Group has taken an investment interest in ZAP's products for distribution in The Middle East and in helping the development the Company. Mr. Eqbal Al Yousuf was recently appointed Chairman of ZAP's Board of Directors and attended his first board meeting as Chairman in June at ZAP's Santa...

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