Archive - Aug 2002

EW YORK (August 22, 2002) - While visiting customers in Manhattan, veteran automotive entrepreneur Steven Schneider laid out plans for ZAP (OTC BB:ZAPZ) and its recent reorganization and merger with his Company, Voltage Vehicles, which he founded three years ago to market advanced transportation.

ZAP finalized mergers on July 1 with Voltage Vehicles and RAP Group, Inc. two privately owned Northern California companies involved in automotive marketing and distribution. Schneider says he looks forward to taking a leadership role in ZAP, the Company that helped pioneer the consumer market for electric bicycles and scooters in 1994.

SACRAMENTO (August 19, 2002) - To raise awareness about the commercial availability of energy-efficient transportation, electric transportation pioneer ZAP (Stock Symbol: ZAPZ) is showcasing its full-line of advanced transportation to the anticipated one million people expected to visit the California State Fair through September 2.

ZAP markets many forms of advanced transportation, including electric automobiles, motorcycles, bicycles, scooters, personal watercraft, hovercraft, neighborhood electric vehicles, commercial vehicles and more. ZAP is perhaps best known for its ZAPPY® folding electric scooter, which helped spark the popularity of stand-on scooters.

SEBASTOPOL, California (August 15, 2002) – Advanced transportation developer ZAP (OTC BB:ZAPZ) today reported its financial results for the second quarter ended June 30 of fiscal year 2002.

On June 20, 2002, the Company’s Plan of Reorganization (“the Plan”) was approved by the federal court in Santa Rosa, California allowing ZAP to emerge immediately from bankruptcy. Under the terms of the Plan, the company was able to convert outstanding debt into common stock, which resulted in the recording of an extraordinary gain of approximately $4 million for the second quarter.

According to ZAP: “Part of the gain was due to the conversion of approximately $3 million in debt to equity by the largest creditor which indicates a vote of confidence for the future prospects of ZAP.”

SEBASTOPOL, California (August 1, 2002) - Electric vehicle pioneer ZAP (OTC BB: ZAPZ) today unveiled the new SEA-DOO® brand SEASCOOTER™, a personal water propeller that gives swimmers, snorkelers and divers a boost through the water.

ZAP is offering the new SEA-DOO® SEASCOOTER through a marketing partnership with Daka Development. Daka has licensed with Bombardier (Toronto:BBDa.TO) Recreational Products for the SEA-DOO® brand and has formed a marketing partnership with ZAP to distribute the new SEASCOOTER throughout North America.