Archive - Nov 2002

SANTA ROSA, Calif. (November 27, 2002) - Northern California's electric vehicle pioneer is hoping to 'ZAP' shoppers in downtown Santa Rosa with its new ZAP (OTC BB:ZAPZ) Store.

Based in nearby Sebastopol, California, ZAP helped pioneer the market for electric bicycles and scooters. ZAP has expanded its product line in 2002 and is now showcasing a number of new products at the ZAP Store, including new electric bicycle and scooter designs, electric motorbikes, water scooters, hovercrafts, dune buggies, mobility devices, full-size automobiles and more.

SEBASTOPOL, Calif. (November 27, 2002) - Electric transportation developer ZAP (OTC BB:ZAPZ) today issued praise for a new law that would reduce the regulatory burdens on electric bicycles.

According to legislative reports, the United States Senate has approved H.R. 727 and President Bush has signed it into law. The bill, introduced by Rep. Cliff Stearns (R-Ocala, Florida), passed the house in 2001. Currently, low-speed electric bikes are regulated by the National Highway Traffic Safety Administration (NHTSA), which subjects these bicycles to the same standards as motor vehicles.

SEBASTOPOL, Calif. (November 20, 2002) - Transportation pioneer ZAP (OTC BB: ZAPZ) today reported sales for the third quarter of fiscal year 2002.

For the three months ended September 30, 2002, total sales for ZAP increased 300 percent to $2,040,000 from last year's third quarter of $678,000. The increase reflects ZAP's mergers with two other companies finalized during the same quarter. Complete financial results for the company are available at www.zapworld.com.

SEBASTOPOL, Calif. (November 7, 2002) - Publicly owned electric vehicle maker ZAP (OTC BB:ZAPZ) announced today that its wholly owned subsidiary, Voltage Vehicles, has increased its offer to acquire Ford's Think electric vehicle assets to $13 million in cash, stock, and/or warrants.

ZAP's offer would be for all of Ford's electric vehicle (EV) assets including the Think City electric car. This offer initiated by ZAP shareholders at its shareholder meeting on October 26, 2002 follows news reports that Ford has shut down the Ford Think electric vehicle project. According to published reports, Ford has sold 3,000 Think Neighbor vehicles and 1,050 Think City vehicles.