SEBASTOPOL, Calif., May 15, 2001 (PRIMEZONE) -- ZAPWORLD.COM (Nasdaq:ZAPP), a leading force in the electric vehicle (EV) market, is gearing up to rock the traditional transportation market with innovative new products during the third quarter of 2001.
Company management has also decided to re-launch its ZAP America program, a cross-country tour that will highlight the cost-effective and pollution-free advantages of its ZAP, an acronym for Zero Air Pollution, vehicles.
Plans include the introduction of the ZAPPY-Turbo, a high performance electric scooter that will literally leave low-end, "knock-off" competitors in the dust.
SWIMMY, ZAP's water scooters, will represent the first of the company's new line of electric water devices. SWIMMY was recently named a finalist in Nasdaq's Sport Product of the Year competition.
The company has also ordered its first container of the LEPTON from its Italian partners. ZAP believes the LEPTON will be the first full-sized electric motor scooter sold in the United States that is fully certified under Federal Motor Vehicle Safety Standards.
ZAP's LECTRA motorcycle has also just become the first production electric motorcycle approved by the Department of Transportation through a special exemption in the United States. A new limited edition of the Archer LECTRA will be offered this summer.
Assessing the receptivity in the marketplace for ZAP products, Gary Starr, CEO said: "We feel that the world at large is ready for economically sound, pollution-free, fun and fast electric vehicles. Our marketing efforts are potentially further enhanced with the help of certain states, like California, whereby legislation has been proposed that would grant up to a 30% tax credit on vehicles like the LEPTON and other low-powered EVs."
ZAPWORLD.COM is a publicly owned company with common shares listed on the Nasdaq Small Cap Stock Exchange under the trading symbol "ZAPP." For more information, go to www.zapworld.com or call 800-251-4555
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.