| 05/14/2001 | The Electric Vehicle (EV) maker Zapworld.com as reported by Bicycle Business has asked its shareholders to approve a name change from Zapworld.com to just ZAP. ZAP is an acronym for Zero Air Pollution, according to the US company. Most of the products that Zapworld produce and their website already has just "Zap" as the logo.
Zapworld produces electric scooters, bicycles, neighborhood cars, and more. In the works for 2002 is a fuel-cell powered bicycle.
CEO Gary Starr said: "Although our Internet business operates on very high margins and its revenues have been growing, up 40% in the first quarter of 2001, ZAP is not a dot-com company. Since everyone knows us as ZAP and it has always been our abbreviated pet name for the company, we decided it is catchy and accurate enough to stand on its own.''www.zapworld.com
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