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ZAP Terminates Agreement to Merge with GEM and EVR

18 April 2000

ZAP Terminates Agreement to Merge with GEM and EVR

    SEBASTOPOL, Calif.--April 17, 2000--ZAPWORLD.COM (OTC BB:ZAPP) announced today that it has terminated its agreement to merge with electric car manufacturer Global Electric MotorCars, LLC (GEM) and rental company EV Rental and Management Company, LLC (EVR) both of Fargo, ND. ZAP has initiated talks with other major sources of neighborhood electric vehicles.