TORONTO, ONTARIO, Feb 23, 2012 (MARKETWIRE via COMTEX) -- ZENN Motor Company Inc. /quotes/zigman/457206 CA:ZNN 0.00% (the "Company") is pleased to announce the appointment of Ms. Natasha Vandesluis as Chief Financial Officer. Ms. Vandesluis has held the position on an interim basis since September 1, 2011. Ms. Vandesluis has been active in guiding the Company through the recent restructuring of its business.

Transition to new accounting standards

The Company is currently in the process of transitioning its financial reporting methods from Canadian Generally Accepted Accounting Principles (GAAP) to the International Financial Reporting Standards (IFRS) which came into effect January 1, 2011. To assist companies with the transition to the new standards, the deadline for filing the first quarterly interim financials under IFRS has been extended by 30 days. In accordance with the transition rule, the Company's first quarter results will be released no later than March 30, 2012. All subsequent filing due dates for the Company remain unchanged.

http://www.marketwatch.com/story/zenn-motor-company-announces-appointment-and-filing-date-change-2012-02-23