Archive - Jul 17, 2008

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Key Execs From Al Yousuf Group Visiting ZAP

SANTA ROSA, CA -- Jul 17, 2008 -- Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested. Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.