Archive - Aug 14, 2006

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

Submitted by acampbell on Mon, 08/14/2006 - 20:00.

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.