ZAPWORLD Announces Underwriting Agreement

    SEBASTOPOL, Calif., May 17 ZAPWORLD.COM , a
leading force in the electric vehicle market, has signed a best-efforts
underwriting agreement with Donner Corp. International for a public offering
of preferred stock to raise up to $12 million.
    Gary Starr, CEO of ZapWorld, explained the reasons for the additional
capital requirements, saying, "Over the last several days, we have disclosed
our plans to transform ZAP from a company known for just one product, the
ZAPPY electric scooter, into a company that markets and distributes a
full-line of electric vehicle products. We are restructuring the company to
focus on areas where ZAP can be a leader. We are moving manufacturing for our
existing products to overseas contract manufacturers, several of our new
products are coming to market by this summer, and we have announced plans to
form a joint venture to develop new products. These plans call for more
financing, but by aggressively moving forward we can seize on the
opportunities that exist today for electric transportation."
    Donner Corp. International, in its May 7 "Morning Notes," reported that,
" ... 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.  We feel that companies, such
as ZAPWORLD.COM, that develop zero-pollution, electric vehicles deserve a good
look."  For more information about Donner Corp. International and to receive a
report on ZAPWORLD, visit http://www.donnercorp.com .
    The White House issued a statement today in support of alternative
transportation.  The new plan would set aside up to $5 billion in new tax
incentives for people who buy energy-efficient cars or use alternative energy.
    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 http://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.

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