ZAP Closes Deal to Acquire Electric Scooter Company; Receives $1.1 Million in New Capital

4 January 2000

ZAP Closes Deal to Acquire Electric Scooter Company; Receives $1.1 Million in New Capital

    SEBASTOPOL, Calif.--Jan. 4, 2000--ZAPWORLD.COM (OTC BB:ZAPP) announced today that on December 30, 1999 it closed its deal to acquire emPower Corporation, a Cambridge, Massachusetts electric scooter company.
    Under the terms of the agreement, ZAPWORLD.COM (ZAP) acquired all technology, assets, and shares, from emPower in exchange for 265,676 shares of ZAP common stock. ZAP also received one million dollars in cash from emPower as part of the assets acquired.
    ZAP also announced today that they have sold $100,000 of common stock in a private placement with a Taiwanese company, bringing the total influx of new capital available to the company to $1.1 million.
    To view and purchase any of ZAP's electric vehicles go to http://www.zapworld.com. View the emPower Transport scooter at http://www.emPowerev.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.