Zenn Motor Company Inc
			Symbol			ZNN
			Shares Issued			37,015,238
			Close 2009-08-13			C$ 4.99
			Recent Sedar Documents

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Zenn Motor loses $2.57-million in Q3 2009

2009-08-14 11:11 ET - News Release

Mr. Ian Clifford reports

ZENN MOTOR COMPANY REPORTS THIRD QUARTER 2009 RESULTS

Zenn Motor Company Inc. has released its financial results for the three and nine months ended June 30, 2009. All amounts are expressed in Canadian dollars unless otherwise indicated.

For the three and nine months ended June 30, 2009, gross revenues were $379,916 and $1,316,535, respectively compared with gross revenues of $977,305 and $2,618,477, respectively, for the corresponding periods of 2008.

Net losses for the three- and nine-month periods were $2,576,021 or negative eight cents per share and $6,335,409 or negative 19 cents per share compared with net losses of $1,910,304 or negative six cents per share and $5,425,895 or negative 18 cents per share for the corresponding periods in the prior year.

At June 30, 2009, the company had working capital of $9,531,326 including cash, cash equivalents and short-term investments totalling $8,752,818 compared with $15,068,689 and $14,686,100, respectively, at Sept. 30, 2008. On July 14, 2009, the company completed a short-form prospectus offering of common shares raising gross proceeds of $9,275,000.

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