ZAP Power Systems Changes Name to ZAPWORLD.COM
18 May 1999
ZAP Power Systems Changes Name to ZAPWORLD.COM
SEBASTOPOL, Calif.--May 18, 1999--Leading electric vehicle manufacturer ZAP Power Systems (OTC BB:ZAPP) announced today that its shareholders voted to change the corporate name to ZAPWORLD.COM in response to increasing sales from the Internet and to position the Sebastopol, Calif. company for future growth.The name change to ZAPWORLD.COM was approved at ZAP's shareholder meeting on Sunday, May 16 in Sebastopol, Calif. ZAP Power Systems was originally founded in 1994 to manufacture the ZAP Power System, a patented electric motor kit for bicycles.
Now the company sells several models of electric bicycles, scooters, motorcycles and other electric vehicles and company officials believe the new name will reflect these changes. The name change also reflects the increasing role of the Internet for ZAP's marketing. When the ZAP Website was first launched in 1995, it was named among the top 100 environmental sites on the Internet.
In 1996, ZAP was one of the first companies to launch a direct public stock offering on-line. International orders have increased substantially, a direct result of ZAP's presence on the Internet. News coverage has driven record numbers of visitors to ZAP's Website. A recent national news article helped generate over 75,000 hits in one day.
ZAP's Internet Shopping Mall now averages 12,000-15,000 hits per day and has already received over 2,000,000 million hits in 1999. With a simple point and click, Internet shoppers and electric transportation enthusiasts can now visit ZAPWORLD.COM and order electric power assist kits for their bikes, complete electric bicycles, scooters, electric motorcycles, and other electric vehicles.
ZAP has delivered thousands of electric bikes and scooters to commuters and recreational cyclists in 60 countries. ZAP is also a leading supplier of electric bikes for law enforcement, having delivered bikes to over 160 agencies. ZAP is a publicly owned company with stock trading under the symbol ZAPP. For ordering information on all of ZAP's products, or to find out about franchising opportunities, visit ZAPWORLD.COM.