ZAP Announces Change of Stock Ticker Symbol to ZAAP

ZAP Announces Change of Stock Ticker Symbol to ZAAP

Ticker Symbol Change Scheduled to Take Effect July 7, 2005

Friday July 1, 1:53 pm ET

SANTA ROSA, Calif.--July 1, 2005--ZAP (PCX:ZAAP), pioneering the next generation of advanced transportation and energy technologies, announced today that the Company's ticker symbol on the Archipelago Exchange (ArcaEx), a facility of the Pacific Exchange, will change to the two-letter symbol ZAAP, effective July 7, 2005.

The Company's stock currently trades on ArcaEx under the ticker symbol ZAAP. The Company listed on the ArcaEx stock exchange on June 21, 2005. ArcaEx is the nation's first totally open, all-electronic stock exchange.

"We are excited about our recent move to ArcaEx and now our adoption of the new ticker symbol ZP," said Steve Schneider, CEO of ZAP. "The new listing significantly broadens our potential investor pool by helping enable investment in ZAP by institutional investors, who were previously unable to invest in our Company when it was traded on the Over the Counter Bulletin Board. We believe that our listing on ArcaEx will help us in our goal to build shareholder value."

Mr. Schneider noted that the move to ArcaEx comes at an exciting moment for ZAP, whose advanced energy technologies, fuel-efficient and zero-pollution vehicles are increasingly attracting the attention of U.S. consumers concerned about record-high gas prices and threats to the environment.

For more information about ZAP's listing on the ArcaEx stock exchange, please visit: http://www.tradearca.com.