November 15, 2006 09:00 ET

ZAP (OTCBB: ZAAP) Announces 10 Percent Dividend

SANTA ROSA, CA -- (MARKET WIRE) -- November 15, 2006 -- Advanced transportation pioneer ZAP (OTCBB: ZAAP) announced today the approval by its Board of Directors of a 10 percent stock dividend to all shareholders of record as of February 15, 2007 to be payable on February 28, 2007.

"With a profitable quarter and record sales for 2006, we are grateful for the support of our shareholders and want to reward them," stated ZAP CEO Steve Schneider in announcing the stock dividend. "With every success, new opportunities open up which can bring greater rewards in the future. The popularity of ZAP's XEBRA all-electric cars and trucks is a strong reason behind our extraordinary growth."

About ZAP

ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid and other innovative power systems. For more information, visit

Forward-Looking Statements

Statements in this press release that relate to future plans or projected results of ZAP are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the 'safe harbor' provisions of the PSLRA. ZAP's actual results may vary materially from those described in any 'forward-looking statement' due to, among other possible reasons, the continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP's Annual Report on Form 10-KSB, or in any of ZAP's other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward-looking statements.

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