'Gas Futures Have Jumped Nearly 25 Percent in the Past Month ... Gas May Hit $3 A Gallon ... Gasoline Hits Record High Amid Summer-Shortage Fears' - The Orange County Register Newspaper, April 17 & 27, 2001

     Donner Corp. International Issues Morning Call Notes On ZAPWORLD.COM

    SANTA ANA, Calif., May 7 Donner Corp. International, a
broker/dealer headquartered in Santa Ana, CA., today issued a Morning Note on
ZAPWORLD.COM, Sebastopol, California .  ZAPWORLD.COM 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.  Donner Corp. reiterated its BUY recommendation on
ZAPWORLD.COM on February 15, 2001.

    The Morning Call Notes is as follows:

    Fires at two of Tosco Corp.'s oil refineries in Wood River,
Illinois and Carson, California, which would be shut down for two weeks and 2-
3 months, respectively, contributed to increasing worries about whether
supplies of gasoline in the U.S. would meet demand in the summer.  May
gasoline futures on the New York Mercantile Exchange broke fresh all-time
records again in late morning Monday (April 30, 2001) trading; the market-
leading May gasoline futures contract jumped to a new all-time high of $1.63 a
gallon.  (Source: Reuters News - April 30, 2001).  Americans are worried about
the rising cost of electricity, especially in California, and about the rising
prices of gasoline.  In the summer, air condition usage would dramatically
rise, resulting in more power outages, mandatory rolling blackouts, and
skyrocketing electric bills.  However, such concerns probably will not lead to
a mass exodus of consumers to switch from gasoline-powered automobiles to
electric vehicles anytime soon.  A number of automakers like General Motors,
Toyota, and Honda have electric vehicles in their line of cars, but gasoline-
powered cars outnumber their electric counterparts by far in sales and
production.  Nevertheless, as a consequence of recent energy events, more
Americans now are concerned about the environment (i.e. global warming and
pollution), the conservation of electricity (to save money on rising
electricity prices), and gasoline prices.  Possibly, alternative forms of
transportation may become more noticeable.
    In our opinion, we feel that ZAPWORLD.COM's electric vehicles most likely
target recreational riders rather than commuters.  In the summer when children
are out of school and tourists flock to their vacation destinations, such as
the coastline cities of California, revenues from rentals of ZAPWORLD.COM's
electric scooters and bicycles could increase.  The ZAPWORLD.Com retail outlet
in Newport Beach, California and the construction of a new ZAPPYLAND amusement
center in the Balboa Pier Funzone in Newport Beach, California are geared to
meet new and returning riders in preparation of the summer season.
    We feel that companies, such as ZAPWORLD.COM, that develop zero-pollution,
electric vehicles deserve a good look.  Donner Corp. maintains its rating on
ZAPWORLD.COM as a Buy.

    Copies of the February 15, 2001 report on ZAPWORLD.COM are available from
Donner Corp. at http://www.donnercorp.com.

    Donner Corp. International (DCI) is a member of the National Association
of Securities Dealers, CRD number 37702.  Any information or opinion provided
in this press 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 press
release.  This press 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 press release.
Investors should seek financial advice regarding the appropriateness of
investing in any securities or investment strategies discussed or recommended
in this press 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 back less than
originally invested.  Past performance is not indicative of future
performance.  DCI receives fees for various services provided to ZAPWORLD.COM.

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