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ZAP Signs Agreement With Costco
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SANTA ROSA, Calif., Nov. 24 /PRNewswire-FirstCall/ -- Advanced automotive technology Company ZAP (BULLETIN BOARD: ZAPZ) announced today that it has signed an agreement with Costco Wholesale Corporation.

ZAP has entered into a vendor-supplier relationship with Costco to supply the nationwide retailer with the newest in its line of energy-efficient and advanced technology vehicles. ZAP's new ZAPPY(3) electric scooter is now available at Costco.com and ZAP CEO Steve Schneider says the two Companies are in discussion on a full-line of ZAP's products.

"ZAP is excited to be involved with Costco on the introduction of the ZAPPY(3), the first high performance three-wheeled scooter on the market," said ZAP CEO Steve Schneider. "We are honored that the ZAPPY(3) meets the rigorous product-testing criteria that Costco demands for its members. This is an achievement for ZAP's designers and manufacturing partners to meet the Costco level of quality, among the highest in the world."

ZAPPY(3) takes scooters to a whole new level of fun, with a powerful new drive technology built directly into the front wheel. The 36-volt wheel motor offers improved acceleration and greater efficiency for longer rides and better handling. The third wheel makes ZAPPY(3) easier to balance for beginners, but also more maneuverable for experts. The steering radius literally turns on a dime and even goes in reverse. Quiet and rechargeable, ZAPPY(3) folds in moments with the tools provided for easy storage or transport. A convenient LED fuel gauge on the handlebar keeps track of the battery charge and a key is included for locking the scooter when not in use.

Schneider added that ZAP is in discussions to bring some of its other new products to nationwide retailers, including its new lithium-ion battery system, ZAP Portable Energy(TM), which powers a wide range of mobile electronic devices. ZAP also announced this week that the EPA has approved the 60-MPG SMART Car from Europe, clearing the way for U.S. sales by ZAP.

ZAP pioneered the electric scooter market in 1997 with its world-reknown ZAPPY Classic folding electric scooter. The new ZAPPY(3) continues ZAP's drive to be a leader for Zero Air Pollution(R) (ZAP) technologies. Consumers can now purchase the ZAPPY(3) electric scooter at http://www.costco.com/ under the keyword 'ZAP' for $349, including shipping.

About ZAP

ZAP has been a world leader in cleaner transportation technologies since 1994, delivering its award-winning ZAP vehicles and energy products to customers in more than 60 countries. A public company, ZAP is traded on the Over-the-Counter stock exchange under the symbol ZAPZ. The company offers a variety of advanced technologies and vehicles, including cars, bicycles, scooters, motorbikes, underwater scooters and more. For more information, visit http://www.zapworld.com/ or call 707-525-8658.

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.

CONTACT: Alex Campbell, +1-707-525-8658, ext. 241, [email protected]; or investors, Steven Kim, +1-707-525-8658, ext. 298,or [email protected], both of ZAP

Web site: http://www.costco.com/

Web site: http://www.zapworld.com/

Disclaimer: Information contained on this page is provided by companies featured through PR Newswire. PR Newswire, WorldNow and this Station cannot confirm the accuracy of this information and make no warranties or representations in connection therewith.

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