Archive - 2002

SEBASTOPOL, Calif. (October 29, 2002) - ZAP (OTC BB:ZAPZ) announced today that during its annual shareholder meeting on Saturday, October 26, 2002 its Board of Directors elected Steven M. Schneider as the Company's Chief Executive Officer. The Company also announced an initiative to pursue the acquisition of Ford's electric vehicle program as well as reporting its pro forma financial results for the third quarter of fiscal 2002 that include mergers with two automotive companies.

SEBASTOPOL, Calif. (October 21, 2002) – ZAP (OTC:ZAPZ) announced today that it has revised the proxy materials to include additional information for the Director nominees biographies. It was also noted that shareholders of record as of August 30, 2002, may re-vote before the meeting date as the result of the additional information provided in the revised proxy statement . See http://www.zapworld.com/ or Form DEFR14A as filed with the Securities and Exchange Commission for the Annual Meeting to be held October 26, 2002.

The public is invited to join us for our annual shareholder meeting on Saturday, October 26, 2002 at 10:30 am PST at the Kendall Jackson Wine Center 5007 Fulton Road, Fulton, California 95439 . Please RSVP to ZAP (707) 824-4150.

Vertical Takeoff and Landing Aircraft Manufacturer Teams With Electrical Vehicle Pioneer to Develop Future Products

New products under consideration will use technology developed for the Moller M400 Skycar, and the Company's ultra-low emissions, alternative fuel-compatible rotary engine technology. ZAP, which makes electric scooters, bicycles and other forms of advanced transportation, intends to assist Moller by working with its manufacturing partners to explore possibilities for production of the Skycar and other technologies that meet the two companies' goals for quality and affordability.

SEBASTOPOL, Calif. (October 1, 2002) - Riding a bicycle can be fun until you have to struggle up a slope or when fatigue sets in. Now, transportation pioneer ZAP (OTC BB:ZAPZ) introduces the ZETA III, a bicycle motor kit that gives you a boost of electric power for only $179.99, making it one of the most affordable electric bike systems in the world.

ZAP helped pioneer the market for electric bicycles in 1994 with its patented ZAP motor system. Under a new global marketing partnership with Daka Development and Sinclair Research, ZAP is marketing electric bicycle technology that sets a new standard for convenience and affordability.

SEBASTOPOL, California- (September 24, 2002)-ZAP (OTC BB:ZAPZ) of Sebastopol, California, announced today it has received $500,000 in new financing from Hong Kong R&D firm Daka Development.

On June 17, 2002, Daka granted ZAP a $500,000 loan. Under the terms of the agreement, Daka had the option to convert the loan to stock. On September 17, 2002, ZAP received notice that Daka exercised its option to convert the entire amount of the note to ZAP common stock.