ZENN Motor Company Announces Appointment of New CFO

Press Release Source: ZENN Motor Company Inc. On Wednesday August 31, 2011, 5:00 pm

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2011) - ZENN Motor Company Inc. ("ZMC" or the "Company") (TSX VENTURE:ZNN - News) is pleased to announce the appointment of Natasha Vandesluis as Interim Chief Financial Officer. Ms. Vandesluis has been with ZENN as a member of the Finance team since 2007. In recognition of her added responsibilities the Board has granted Ms. Vandesluis an additional 15,000 options at an exercise price to be fixed at the time of grant in accordance with the Company's stock option plan and which will expire in five years.

As previously announced after the Company's strategic review and the refocusing of the business, Mr. Larry Goldberg agreed to transition out of his role as Chief Financial Officer over a two month period.

Mr. Goldberg joined ZENN Motor Company in August 2010, with more than 25 years of financial leadership experience in both public and private companies. James Kofman, Chairman and Interim Chief Executive Officer of ZENN commented, "Mr. Goldberg has brought invaluable knowledge and expertise to ZENN. We appreciate his hard work in ensuring an orderly transition of the role to Ms. Vandesluis."

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