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| ZAP Now Listed on New York Stock Exchange Arca |
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NEW YORK, PRNewswire-FirstCall/ -- Automotive pioneer ZAP 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.
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Source : http://www.automotive.com
(3/8/2006)
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