Zero Air Pollution Company ZAP Obtains Revolving Line of Credit; Plans to Import Fuel-Efficient Automobiles

Transportation pioneer ZAP (PCX:ZP) announced that the company has secured a $425 million revolving line of credit. This line of credit shall be used for the purchase of the Brazilian made Obvio! car as well as Smart and other energy efficient automobiles.

"We are now in a position to immediately and continuously purchase large quantities of vehicles from qualified manufacturers and distributors," said Steven Schneider, CEO of ZAP. "This transaction, which is the culmination of many months of discussions, was a key element in executing our strategic plan, and I am pleased to report that we have crossed this critical hurdle."

OBVIO! is arranging meetings for ZAP Chief Executive Officer Steve Schneider with its various suppliers for the various components of the cars. According to officials from OBVIO!, the Rio-based automobile company has attracted the attention of the Brazilian government and media interested in its manufacturing of urban cars for export to the United States.

ZAP's business plan is to develop a distribution network that caters to buyers of fuel-efficient and advanced technology automobiles. ZAP is working to create an auto dealer package that will market automobiles from companies like OBVIO!. Schneider noted that ZAP plans to offer new advances in automotive technology, including high efficiency internal combustion and electrically driven vehicles.

About ZAP

ZAP, Zero Air Pollution(R), has been a leader in advanced transportation technologies and energy products since 1994, delivering more than 90,000 vehicles to 75 countries. ZAP is publicly owned with shares trading on the Archipelago Exchange (PCX) under the trading symbol ZP. For more information, visit http://www.zapworld.com.

Cautionary Statement