ZAP Receives $250,000 Order from Mexico
SEBASTOPOL, Calif., Feb. 18 -- ZAP (OTC BB: ZAPZ) announced today that it has accepted a $250,000 purchase order for its new SEASCOOTER(TM) dive propulsion vehicle from a Mexican distributor. ZAP received the $250,000 order last week while attending The Miami Boat Show, the world's largest consumer boat show, where it showcased the SEASCOOTER along with some of its other new products. "Early response for the SEASCOOTER, which the Company first rolled out during the 4th quarter of fiscal 2002 has been tremendous. 2003 will be the first full-year of production, and with summer still four months off, ZAP is adding to its staff to meet the anticipated demand," said Steve Schneider, CEO of ZAP. ZAP's SEASCOOTER is a consumer version of the battery-powered dive vehicles used by undersea explorers and commercial divers. Innovations in design and construction place it among the lightest and most affordable dive vehicles on the market. ZAP says the product appeals not only to divers, but resorts, pool owners and boat owners. The SEASCOOTER is capable of pulling swimmers, snorkelers and scuba divers through water effortlessly and comfortably at speeds up to 2 mph, with a run time of up to an hour with the optional extended life battery. It enables snorkelers and divers to reach new depths faster, thus making it easier to explore coral reefs and other marine life. About ZAP ZAP was founded in 1994 to develop and commercialize transportation alternatives using the latest in electric technologies. ZAP's management has over 100 years experience in electric vehicles and is highly committed to protecting the environment and to creating this industry. ZAP stands for ZERO AIR POLLUTION(TM) with the goal to provide efficient electric transportation that people throughout the world can afford. ZAP is a worldwide leader in the design, manufacture and marketing of electric bicycles, electric scooters, electric motorcycles and other electric transportation and recreational products. The ZAP line of products includes the POWERBIKE(R), ZAPPY(R), VIENTO, the new SEASCOOTER and more. For more information about ZAP vehicles, including the new SEASCOOTER, visit http://www.zapworld.com or call 800-251-4555. Investor questions should be directed to Jay Shrewder at The Franklin Group, toll free telephone, 1-888-743-2165, facsimile 512-857-0124, or electronic mail at tfg1@cox.net. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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.