Zapworld.Com Acquires Electric Vehicle Systems Inc.

January 04, 2000 by Jeff Shepard

Zapworld.Com (Sebastopol, CA) recently announced it has reached an agreement to acquire Electric Vehicle Systems Inc. (EVSI, Los Altos, CA). Under terms of the agreement, Zapworld will acquire all technology, assets and shares from EVSI in exchange for 25,000 shares of Zap common stock.This announcement marks the third acquisition Zap announced in December 1999, including agreements to acquire Global Electric Motorcars and emPower.