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TheStreet Open House

Mayor Ron Loveridge Accepts Keys To One Of The New Electric Vehicles Purchased From Ramon Alvarez, Owner Of Alvarez ZAP. (Photo: Business Wire)

Electric vehicle pioneer ZAP (OTCBB:ZAAP) today announced that its newest dealer, Alvarez ZAP, has opened in Riverside, California and will be serving commercial and government markets throughout the entire Inland Empire.

Alvarez ZAP has delivered its first shipment of six electric trucks to the City of Riverside during a Grand Opening press conference last week. While accepting keys to one of the vehicles, Riverside Mayor Ron Loveridge said, “Today we take another step forward in the greening of Riverside by transitioning from gas to electrically operated vehicles. We are proud to add ZAP trucks to our fleet.”

Dealer president, Ramon Alvarez is widely recognized as one of the leading Hispanic entrepreneurs in the Inland Empire through his long time affiliation with Lincoln, Mercury and Jaguar. Also attending the Grand Opening were six City Councils members and the City Manager as well as Joel Ayala representing the Governors’ office of Economic Development.

Governor Arnold Schwarzenegger appointed Alvarez to the New Motor Vehicle Board in March 2007 and Alvarez is now a Vice President of that organization. He stated, “As a member of the New Motor Vehicle Board, I have seen the evolution of alternative energy vehicles to the point where they are moving into the automotive mainstream and I believe ZAP represents the best opportunity to capitalize on that trend.”

Commenting on Alvarez’s decision to become the newest ZAP electric vehicle dealer, ZAP CEO Steven Schneider said, “Ramon has passion and understanding…he genuinely gets it. He knows the importance that new energy vehicles play today and in the marketplace of tomorrow.”

About ZAP

ZAP is one of the world's oldest and most experienced electric vehicle providers, having delivered over 117,000 of a broad range of vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing a cost effective high-speed electric car called the ZAP Alias. Further news and information is available at http://zapglobal.wordpress.com.

Safe Harbor Statement

This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.

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