Report Calls ZAPP 'Purest Play' in Scooter Market

29 August 2000

Report Calls ZAPP 'Purest Play' in Scooter Market

    SEBASTOPOL, Calif.--(BUSINES WIRE)--Aug. 29, 2000--A new report from investment research website RedChip.com called publicly owned ZAPWORLD.COM the "purest play" stock in the scooter industry.
    The report by RedChip reviews companies involved in the growing market for mini-scooters. ZAP helped pioneer the small scooter business in North America in 1997 with its folding electric scooter, the ZAPPY(R). Earlier this year ZAP launched sales of their non-motorized KICK(TM) inline scooter.
    "With scooters representing 80% of their business, the relatively unknown micro-cap ZAPWORLD.COM may be the purest play for investors interested in the scooter craze," said RedChip staff writer Rita Haberman. "Scooters have the potential to put ZAPP on the map, and in the process, expose people to their impressive variety of alternative transportation vehicles."
    According to its website, RedChip's analysts, reporters and editorial staff focus exclusively on the small-cap market, and are dedicated to "discovering tomorrow's blue chips today." Visit www.redchip.com for the report, "Wheels of fortune or passing fad?"
    ZAP's scooters have been popular with kids and commuters who are buying electric and inline scooters by the thousands at bike shops, motorcycle dealers, and retail chains across America. While some are calling it a fad, ZAP CEO Gary Starr says this is the beginning of a revolution in transportation.
    "Scooter sales have exceeded our projections, but even more interesting is the fact that sales of push scooters are literally pushing our electric scooters as well," said Starr in the report. "People get tired of using their foot, and they want to go up to the next level to electric scooters."
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