December 04, 2006 08:30 ET

ZAP (OTCBB: ZAAP) Opens Distributor in Argentina

Import Firm Miramaxis to Distribute ZAP Line of Electric Vehicles

BUENOS AIRES, ARGENTINA -- (MARKET WIRE) -- December 4, 2006 -- Transportation pioneer ZAP (OTCBB: ZAAP) announced today that it has signed an exclusive distribution agreement with Miramaxis, an import firm based in Buenos Aires, to distribute ZAP brand electric vehicles throughout Argentina.

Miramaxis is a major importer and distributor of high-end consumer targeted brand names. Based in Puerto Madero, one of the most affluent districts in all of Argentina, Miramaxis owner Marcelo Sanchez says he sees an opportunity for ZAP's fuel-efficient technologies in his country.

"We were searching for a quality brand of scooters and other electric vehicles to add to our successful import business. After doing a worldwide marketing study, we decided that ZAP was the ideal partner for this venture," said Sanchez. "We are particularly interested in ZAP's plans for the future and expect the demand in Argentina will only increase."

Miramaxis is setting up distribution for several ZAP vehicles, particularly the ZAPPY3 electric personal transporter, which includes the new PRO and EZ models. Miramaxis is also setting up distribution for the MUD-E electric dirt bike, BUZZZ electric ATV, and ZAP's electric SEASCOOTERS.

Marketing plans include major retail chains as well as bike shops, motorcycle dealers, electronics retailers, marine outlets, dive shops and rental locations throughout Argentina. Director of International Affairs Fernando Cancela said the initial agreement was formed in April 2006, but Miramaxis is now launching its marketing campaign in Argentina in anticipation of the peak summer buying season.

"People in South America are just discovering ZAP's unique, cost-effective technologies," said Cancela. "Argentina is one of the key markets in South America and we expect more countries in the region to follow this example of distribution, which we plan to expand throughout the world."

ZAP is seeking distributors throughout the world to expand the market for advanced technologies vehicles that follow its philosophy of Zero Air Pollution®. For more information, contact Fernando Cancela, ZAP Director of International Affairs, at 707-525-8658, or via email at

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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