Donner Corp. International Upgrades to Buy Recommendation on ZAPWORLD.COM
5 September 2000
Donner Corp. International Upgrades to Buy Recommendation on ZAPWORLD.COMSANTA ANA, Calif., Sept. 5 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 upgraded its Speculative Buy Recommendation on ZAPWORLD.COM , Sebastopol, California to a Buy Recommendation. ZAP (Zero Air Pollution) is one of the world's leading companies in the light electric vehicle industry, producing and marketing vehicles such as scooters, bikes and other personal electric vehicles. Donner said it is upgrading to a Buy Recommendation based on a number of positive, significant announcements from the Company, including: -- Strong demand for ZAP's Zappy(R) and Kick(TM) scooters. Revenues for the quarter ended June 30, 2000 were $2.3 million, up 51 percent compared to the same quarter in 1999. Backlog on hand topped $2.9 million, an all-time record for ZAP. -- A recent major research study by Business Communications Co. predicted that the U.S. electric vehicle market will grow at the impressive rate of 27 percent annually through 2005, when it will become a $7 billion industry. By far the largest segment of this market are the smaller-sized vehicles, exactly where ZAP is focused. -- ZAP's recent announcement that it signed a joint venture agreement with a major Chinese company to distribute ZAP vehicles in China, a market with tremendous potential. "We are impressed with the strong demand for ZAP's products and ZAP's brand name recognition. We expect this is the beginning of accelerated growth for ZAP," Donner said. "ZAP's market valuation is much lower than comparable companies such as the Huffy and Sharper Image Corp. . We believe ZAPWORLD.COM offers investors strong upside potential," Donner concluded. Copies of the Donner report on ZAPWORLD.COM are available at http://www.donnercorp.com. Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report/release. This research report/release has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation, suitability and the particular need of any specific person who may receive this report/release. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report/release and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive less than originally invested. Past performance is not indicative of future performance. Copyright 2000 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by ZAPP in the form of a $2,500 initial retainer fee and DCI receives $2,500 per month for services provided. DCI will also receive $3.00 for each prospective investor name delivered to ZAPP. DCI will also receive 2,500 shares of ZAPP common stock upon closing at $7.00 or higher for twenty-five consecutive business days and 50,000 warrants at $12.00 per share; 5,000 @ $15.00, 10,000 @ $18.25, 15,000 @ $25.00, 20,000 @ $30.00 average 30 day closing price. There will be a negotiable fee for merger, acquisition, institutional transactions or other business relationships entered between ZAPP and companies introduced by DCI: the fee for any and all transactions involving this provision will be negotiated prior to such introduction.