Electric Bikes and Scooters Line-ing up!
15 March 1999
ZAP Launches Internet ShoppingSEBASTOPOL, Calif., March 15 -- ZAP Power Systems (OTC Bulletin Board: ZAPP), known as a leading manufacturer of electric bikes and scooters, has opened its virtual doors to shopping on the Web. Through its Web site http://www.zapbikes.com, ZAP's objective is to become the best place to find, discover, learn about, and buy any electric vehicle available on-line. "Growing concerns over global air pollution coupled with breakthroughs in electric technology have created a dramatic increase in the number of small, affordable electric vehicles," said ZAP Webmaster Ken Braziel. "The time is right to launch an Internet shopping mall for vehicles that do not pollute. What is clearly needed is a channel of distribution." So far, the response to ZAP's Web site has been remarkable. In 1995, ZAP's site was named among the top 100 environmental sites on the Internet. In 1996, ZAP was one of the first companies to launch a public stock offering on-line. International orders have increased substantially, due primarily to ZAP's presence on the Internet. Recent news coverage has driven record traffic to ZAP's site. Braziel recalls a recent Associated Press article that generated over 75,000 hits in one day. The average number of hits has grown to 25,000 per day. "It seemed natural to turn this interest into sales," he said. With a visit to the http://www.zapbikes.com, one can find an electric power assist kit to install on their bike, complete electric bicycles, scooters, and other electric vehicles. The company aims to add new non-polluting vehicles as they become available. "Our goal is to dominate the distribution and sale of electric vehicle products through our distributors, franchises, and now through the Internet." ZAP is a publicly owned company, whose stock trades over the counter under the symbol ZAPP. For more information on ZAP, its franchises or for ordering an electric vehicle, go to http://www.zapbikes.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.
