ZAP Sales Up 300 Percent after Mergers

SEBASTOPOL, Calif. (November 20, 2002) - Transportation pioneer ZAP (OTC BB: ZAPZ) today reported sales for the third quarter of fiscal year 2002.

For the three months ended September 30, 2002, total sales for ZAP increased 300 percent to $2,040,000 from last year's third quarter of $678,000. The increase reflects ZAP's mergers with two other companies finalized during the same quarter. Complete financial results for the company are available at www.zapworld.com.

"Sales from last quarter were stronger than expected and show us that our mergers are working," said ZAP CEO Steve Schneider. "Even with the troubled economy, there is still demand for ZAP's products. We are looking forward to the holiday season with the addition of our new products, including the new Seascooter, our remote control hovercrafts, and our new line of affordable electric bikes."

Steve Schneider took over as Chief Executive Officer for ZAP in October, helping the company execute mergers with two automotive companies, Voltage Vehicles and The RAP Group. Voltage Vehicles holds distribution contracts for electric transportation products in the independent auto dealer market and offers new electric cars that meet federal highway safety standards as well as other advanced transportation vehicles.

"According to published reports, energy experts are predicting that California gas prices could shoot as high as $4 a gallon by next year and our electric cars should find a market in that economy," said Schneider. "A disruption in the flow of Middle East oil and new environmental regulations could cause supply problems in California."