ZAP Expands Internet Shopping Mall
18 March 1999ZAP Expands Internet Shopping Mall
SEBASTOPOL, Calif., March 18 -- Leading electric bike and scooter manufacturer ZAP Power Systems (OTC Bulletin Board: ZAPP), which recently opened its virtual doors to shopping on the Web, is now offering an electric motorbike called the Lectra. Through its Web site http://www.zapbikes.com, ZAP's objective is to become the best place to find, discover, learn about, and buy any electric vehicle available on-line. With a visit to the site, one can learn more about electric bicycles, scooters and now electric motorbikes. The April edition of Mountain Bike Magazine describes the Lectra as "the ultimate commuting machine." The electric motorbike can travel speeds of up to 51 mph, yet costs just 20 cents worth of electricity to recharge. The motorbike retails for about $4500.00. ZAP aims to add new non-polluting vehicles to its Internet shopping site as they become available. In the future it may even offer an auction page similar to eBay that specializes in one of a kind or unique electric vehicles. ZAP is a publicly owned company with stock trading over the counter under the symbol ZAPP. For more information on ZAP, its franchises, or for ordering an electric vehicle, go to http://www.zapbikes.com. 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.