Archive - Mar 18, 2002

SEBASTOPOL, Calif. (March 15, 2002)-ZAP (NASDAQ:ZAPPQ) announced today it has signed Memorandums of Understanding to merge with three privately owned companies involved in alternative fuels, automotive sales and distribution. RAP Group, Inc. (RAP), Daybreak Auto Recovery, Inc. (Daybreak), and Voltage Vehicles are three Sonoma County, California-based companies with strategic relationships in automotive services looking to accelerate their growth in the alternative transportation market. All three mergers with ZAP are contingent upon the signing of definitive agreements and ZAP's Plan of Reorganization being approved by its creditors and shareholders and confirmed by the U.S. Bankruptcy Court.

SEBASTOPOL, California (March 18, 2002) - Electric scooter pioneer ZAP (NASDAQ:ZAPPQ) today announced that has shipped out the first 100 units to customers of a new electric scooter called the ZAPPY Turbo. The new scooter was designed for scooter fans looking for a little more speed and performance. The new ZAPPY Turbo includes several upgrades, including a "turbo" performance mode that powers it speeds up to 18 MPH. The new scooter appears similar to the classic design the sparked a revolution in transportation back in 1997-but these days it's what's inside that counts. Innovations in power control electronics are helping ZAP designers respond to the increasing demand for hi-performance, portable transportation.