June 12, 2008 06:00 ET

Al Yousuf to Acquire 50 Percent Interest in ZAP Recharge-It-All Battery Line

DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA--(Marketwire - June 12, 2008) - Mr. Eqbal Al Yousuf will acquire a 50 percent interest in the Recharge-It-All Battery line of battery systems for mobile electronics from alternative transportation pioneer ZAP (OTCBB: ZAAP).

Mr. Al Yousuf was recently appointed Chairman of ZAP's Board of Directors and attended his first board meeting as Chairman on June 2 at ZAP's Santa Rosa headquarters. Mr. Al Yousuf is the President of The Al Yousuf Group, but intends to make his commitment towards ZAP Recharge-It-All his own personal investment.

"With my role as Chairman, I want to assist ZAP with the same success I have assisted with the Al Yousuf Group in streamlining and focusing the company on its core business," said Eqbal Al Yousuf. "We will start working globally to establish markets for ZAP's Recharge-It-All, which will allow ZAP to focus on advanced technology vehicles."

ZAP's many years working on better electric car batteries was the basis for the introduction of the Recharge-It-All line of mobile re-chargers. The battery systems were designed to power and recharge a wide range of mobile electronics. More than just a battery, the systems are designed with a smart sensor that allows them to deliver the appropriate voltage to a wide range of products, from cell phones, to digital audio players, digital cameras, video cameras and laptops. The batteries help solve the growing battery dilemma for mobile electronics, offering a rechargeable source of power out in the field or a way of extending the battery life for many different electronic devices.

"As a traveler I really believe in these batteries," said Al Yousuf. "They are essential to anyone using portable electronic devices. The market for this new technology is wide open and this particular division deserves more focus in order to achieve its potential in the marketplace."

The Al Yousuf Group is one of the largest trading groups in The Middle East. Over the past 55 years, the Al Yousuf Group has grown into a leading business conglomerate in the Gulf Region with operations ranging from Motor Vehicles, Boat Manufacturing, Auto Rental, Real Estate Development, Home Electrical Appliances, Computer Operating Systems, Electronics, Transportation and more.

About ZAP

ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit

This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

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