Archive - Aug 16, 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.