Press Release Source: ZENN Motor Company On Friday February 25, 2011, 4:30 pm EST

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2011) - ZENN Motor Company Inc. ("ZMC" or the "Company") (TSX VENTURE:ZNN - News) today announced its unaudited financial results for the three months ended December 31, 2010. All amounts are expressed in Canadian dollars.

Financial Results

For the three months ended December 31, 2010, net losses from continuing operations were $743,488 or $0.02 per share. For the corresponding period in the prior year, net losses from continuing operations were $1,072,852 or $0.03 per share. In the prior quarter (Q4 of fiscal 2010), losses from continuing operations were $980,423 or $0.03 per share.

The 30% decrease in the loss from continuing operations in the current quarter as compared to the same quarter of the prior year, and the 24% decrease from the prior quarter (Q4 of fiscal 2010), are reflective of management's continued focus on cost reduction, while advancing ZMC's ZENNergy(TM) technologies and solutions. As previously announced, the Company's use of cash in this quarter has declined significantly from the prior year, averaging less than $200,000 per month during the current quarter as compared to an average of approximately $435,000 per month during fiscal 2010. Both the wind-down of ZMC's LSV business and general cost reduction efforts have resulted in the decrease in the Company's use of cash.

At December 31, 2010 the Company had cash, cash equivalents and short-term investments totaling $4,501,745 compared to cash, cash equivalents and short-term investments of $5,074,652, at September 30, 2010.

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