Donner Corp. Issues Speculative Buy Recommendation On ZAPWORLD.COM
23 February 2000
Donner Corp. International Issues Speculative Buy Recommendation On ZAPWORLD.COMSANTA ANA, Calif., Feb. 23 -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702. Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today issued a Speculative Buy Recommendation and initiated coverage on ZAPWORLD.COM (OTC Bulletin Board: ZAPP), Sebastopol, California. ZAPWORLD.COM was created to provide electric vehicles for ordinary people to use every day in every part of the world and more than 35,000 people in over 60 countries are now using ZAP electric vehicles as their preferred mode of transportation. "ZAP's line of electric vehicles capitalizes on the global focus to create a clean environment," Donner said. "Electric vehicles produce less than one percent of the pollution compared to some of the most efficient vehicles now available." The Donner Report said ZAPWORLD.COM designs, manufactures and markets electric bicycles, scooters, and motorcycles and has begun selling a small electric car called the Neighborhood Electric Vehicle or NEV. Donner emphasized that ZAPWORLD.COM has built a positive partnership with more than 200 law enforcement agencies around the country by showing how effective the Company's electric bikes can be in fighting crime. "ZAPWORLD.COM recently experienced a 44 percent increase in revenues in the third quarter of 1999 of $1.8 million and sales are up 74 percent compared to 1998," Donner said. "We believe ZAPWORLD.COM's stock is undervalued considering the growing global demand for fossil fuel alternatives, government legislation requiring such alternatives, the strong line of innovative electric vehicles offered by the Company, an experienced and dedicated management team and a willingness to remain on the cutting edge of technology," Donner concluded. Copies of the Donner report on ZAPWORLD.COM are available at 1-800-324-6050. (The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities for a fee.)