ZAP to Pay 10 Percent Stock Dividend to Shareholders of Record as of February 15

SANTA ROSA, Calif.--Advanced transportation pioneer ZAP (OTC Bulletin Board:ZAAP) today announced that shareholders of record as of February 15, 2007, tomorrow, will receive a 10 percent stock dividend, according to ZAP CEO Steve Schneider.

"We are grateful for the support of our shareholders over the past 12 years and want to reward them," stated Schneider in announcing the stock dividend.

The 10 percent stock dividend will be payable on February 28, 2007.

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, ethanol, hybrid and other innovative power systems. Recently, ZAP announced a new high-performance crossover SUV concept electric car called ZAP-X engineered by Lotus Engineering. ZAP is also offering portable energy technology that manages power for mobile electronics. For more product, dealer and investor information, visit http://www.zapworld.com.