Feel Good Cars Corporation
TSX VENTURE : ZNN

Feel Good Cars Corporation
ZENN Motor Company

ZENN Motor Company

May 02, 2007 17:31 ET

Feel Good Cars Corporation Amends the Terms of the Previously Announced Financing

TORONTO, ONTARIO--(CCNMatthews - May 2, 2007) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO
THE UNITED STATES

Feel Good Cars Corporation (TSX VENTURE:ZNN) previously announced a $4 million bought deal financing (the "Offering") of common shares priced at $3.20 each. The size of the Offering has been increased to $5 million. All other terms of the Offering remain unchanged. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The offering is expected to close on or about May 29, 2007.

This press release is not an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements.

ABOUT ZENN MOTOR COMPANY www.ZENNcars.com

Headquartered in Toronto, Canada, Feel Good Cars Corporation, doing business as ZENN Motor Company, is dedicated to producing zero-emission transportation solutions for global markets, including the revolutionary ZENN electric vehicle.

The ZENN Neighborhood Electric Vehicle recharges in as little as 4 hours, has a range of up to 35 miles and gets the equivalent of about 245 MILES PER GALLON - making ZENN one of most economical automobiles in the world. With zero emissions, the ZENN is a socially responsible transportation choice in this era of Global Warming.

Recently named Best Urban Vehicle at the coveted Michelin Bibendum

Challenge, the ZENN demonstrates that real solutions to pollution and congestion are available now. In addition to the Urban Commuter, the ZENN is ideal for gated communities, college & university campuses, military bases, national parks, corporate campuses, local deliveries and much more! The ZENN is sold through a growing network of retailers across the United States.

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