Donner Corp. International Reiterates Buy
Recommendation on ZAPWORLD.COM; Issues New Report
SANTA ANA, Calif., Feb. 15 Donner Corp. International, a
broker/dealer specializing in investment banking, headquartered in Santa Ana,
Calif., today reiterated its Buy Recommendation on ZAPWORLD.COM
, Sebastopol, California, and issued a new report on the
Company. ZAP (Zero Air Pollution) is one of the world's leading companies in
the light electric vehicle industry, producing and marketing vehicles such as
scooters, bikes and other personal electric vehicles.
"ZAPWORLD.COM is experiencing unprecedented growth; it continues to post
record sales," Donner said. "Its sales for the year 2000 are an estimated
$11.5 million, up from $6.4 million in 1999, topping both Company and analyst
expectations. Sales in recent months, both November and December 2000, were
up significantly compared to those months in 1999," Donner said.
Donner also stressed in its new report on ZAPWORLD.COM that the Company
has significantly expanded its product line and is introducing a number of new
personal electric transportation products to a rapidly growing market. "The
largest segment of the rapidly growing electric vehicle industry remains the
smaller-sized vehicles, exactly where ZAP is focused," Donner said. ZAP's
newest water scooter, the SWIMMY, was recently chosen as a finalist for The
NASDAQ Sports Product of the Year.
"We believe ZAP's stock is undervalued considering the line of innovative
electric vehicles the Company offers to meet the growing global demand
requiring fossil fuel alternatives, increasing gasoline prices in the United
States, and the expertise and dedication of its management team which
continually insists that the Company remain on the cutting edge of electric
transportation technology," Donner said. "ZAPWORLD.COM is well positioned for
upward movement."
Copies of the Donner report on ZAPWORLD.COM are available at
http://www.donnercorp.com
Donner Corp. International is a member of the National Association of
Securities Dealers, CRD 37701. Any information or opinion provided in this
report/release does not solicit or make an offer to buy or sell any securities
or any options, futures or other derivatives related to such securities
herein. DCI and its affiliates may trade for their own accounts in any
securities of the issuer or in related securities. DCI or its affiliates,
directors, officers and employees, may have a long or short position in
securities of the issuer or related investments. DCI or its affiliates may
from time to time perform investment banking or other services for, or solicit
investment banking or other business from, any entity mentioned in this
report/release. This research report/release has been prepared for general
circulation and is circulated for general information only. It does not have
regard to the specific investment objective, financial situation, suitability
and the particular need of any specific person who may receive this
report/release. Investors should seek financial advice regarding the
appropriateness of investing in any securities or investment strategies
discussed or recommended in this report/release and should understand that
statements regarding future prospects may not be realized. Investors should
note that income from such securities, if any, may fluctuate and that each
security's price or value may rise or fall substantially. Accordingly,
investors may receive less than originally invested. Past performance is not
indicative of future performance. Copyright 2001 DCI. In the purview of
Section 17(b) of the Securities Act of 1933 and in the interest of full
disclosure, we call the reader's attention to the fact that DCI was recently
compensated by ZAPP in the form of a $2,500 initial retainer fee and DCI
receives $2,000 per month for services provided. DCI will also receive $3.00
for each prospective investor name delivered to ZAPP. DCI will also receive
2,500 shares of ZAPP common stock upon closing at $7.00 or higher for
twenty-five consecutive business days and 50,000 warrants at $12.00 per share;
5,000 @ $15.00, 10,000 @ $18.25, 15,000 @ $25.00, 20,000 @ $30.00 average
30 day closing price. There will be a negotiable fee for merger, acquisition,
institutional transactions or other business relationships entered between
ZAPP and companies introduced by DCI: the fee for any and all transactions
involving this provision will be negotiated prior to such introduction.