ZAP Announces Approval to List on 'ArcaEx'

ZAP Announces Approval to List on "ArcaEx"

Latest Public Company Expected to List on Electronic Stock Exchange
SANTA ROSA, Calif.--(BUSINESS WIRE)-June 20, 2005 -ZAP (OTCBB: ZAAP- News), pioneering the next generation of advanced transportation and energy technologies, has announced its receipt of approval to list on the Archipelago Exchange (ArcaEx), a facility of the Pacific Exchange, under the symbol "ZAAP." ArcaEx is the nation's first totally open, all-electronic stock exchange.

The approval paves the way for ZAP to list on the ArcaExstock exchange. Listing on a national exchange broadens the potential investor base for ZAP by opening the Company to institutional investors. Many such major investors are restricted from purchasing stocks on the Over the Counter Bulletin Board (OTCBB), where ZAP is currently traded. After listing on ArcaEx, ZAP would continue to be traded under its longtime ticker symbol: ZAAP, to ensure a smooth transition to the new exchange.

"We are excited to have achieved the milestone of this approval to list on the ArcaEx exchange," said Steve Schneider, CEO of ZAP. "Listing on a national exchange has long been a goal of ZAP. It is an important part of our strategy to enhance our appeal to the broadest possible pool of investors, and to enhance shareholder value."