Archive - Aug 2006

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ZAP to Unveil New Vehicle August 24

ZAP to Unveil New Vehicle August 24

Sales for XEBRA Electric Car and Other ZAP Micro-Cars Soar in 2nd Quarter

SANTA ROSA, Calif.--Aug. 17, 2006--Automotive pioneer ZAP (NYSE Arca:ZP) will introduce a new vehicle on August 24th as the next milestone in its business plan of creating a brand and distribution network for advanced fueled micro-cars, a market the Company says has driven sales up 376 percent this past quarter on rising oil prices.

ZAP CEO Steve Schneider said that the Company is still planning out the details of the announcement, but hinted that the new ZAPCAR(TM) would be designed to open markets previously untapped in the auto industry.

8/15/2006 ZAP Quarterly Revenues Up 376% over 2nd Quarter of Fiscal 2005 with Demand for Micro-Cars and Electric Vehicles

ZAP Quarterly Revenues Up 376% over 2nd Quarter of Fiscal 2005 with Demand for Micro-Cars and Electric Vehicles

First Six Months of 2006 Surpass Total Annual Revenues for 2005

SANTA ROSA, California (August 15, 2006) - ZAP [NYSE Arca:ZP], a company on the forefront of energy-efficient transportation with new technologies including electric and ethanol-fueled cars, posted a consecutive quarterly increase in revenues for the second quarter ended June 30, 2006. ZAP believes the increase in second quarter revenue can be attributed to rising gas prices and increasing demand for fuel-efficient micro-cars.