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Technology Stocks : ZAP - 'Zero Air Pollution' vehicles -- Ignore unavailable to you. Want to Upgrade?

To: obvio who wrote (106)	2/13/2006 7:51:19 PM
From: LARRY LARSON	Read Replies (2) \| Respond to of 201

Ethanol Electric Micro-Cars ZAP!(R) National Dealer Expo, February 11-14 in Orlando Monday February 13, 10:37 am ET ORLANDO, FL--(MARKET WIRE)--Feb 13, 2006 -- An ethanol-powered "trybrid" called the OBVIO ! 828® was introduced to auto dealers this week by automotive pioneer ZAP (Pacific:ZP - News) at the nation's largest auto dealer gathering. Officials at ZAP are still reveling in the recent State of the Union Address in which President George Bush affirmed ZAP's stance that "America was addicted to oil" as he announced a new initiative to research alternative fuels, particularly ethanol, a fuel derived from agriculture. ZAP, who has been pioneering alternatively fueled vehicles for more than a decade, is forming an automotive manufacturing venture with Brazil's OBVIO !(TM) Automotoveiculos S.P.E. Ltd., of Rio de Janeiro to import a new OBVIO ! "trybrid" sports car to the US by 2007 that can be powered by ethanol. Dual-fuel technology is common in Brazil, where gasoline supply is unpredictable. These engines can use gasoline, ethanol or any mixture of the two and officials with ZAP are looking to build on the success of hybrids by bringing "trybrid" drivetrains to the US, or hybrids that use dual-fuel engines. Information and visuals of the OBVIO ! 828 are available at zapworld.com. "Obviously we are pleased by President Bush's comments in support of alternative fuels and ethanol because this week we were planning to introduce just such a technology to US auto dealers in the form of the OBVIO ! 828," said ZAP Chief Executive Officer Steve Schneider, who noted that ZAP is also introducing an all-electric car called the XEBRA®. To celebrate the occasion, ZAP engaged the services of a local George Bush impersonator to entertain attendees to the National Automobile Dealers Association this week. According to the NADA, its members comprise approximately 20,000 franchised new car and truck dealers holding nearly 43,000 separate franchises, domestic and international, representing a dealer base with revenues of $699 billion annually according to 2005 statistics. About ZAP ZAP, Zero Air Pollution®, 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, trybrid and other innovative power systems. For more information, visit zapworld.com. 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. The Company's actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward-looking statements. Contact: Contacts: ZAP Alex Campbell 707-525-8658 ext. 241 (Media Relations) acampbell@ZAPworld.com Jennifer Zimmons 212-838-1444 (Investor Relations) investor@ZAPworld.com -------------------------------------------------------------------------------- Source: ZAP