Investor Relations

Correcting Zapata Corporation Average Common Shares Outstanding for Three Months Ended March 31, 2000; 23,887 sted 23,877

05/15/00
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BW2024 MAY 15,2000 14:23 PACIFIC 17:23 EASTERN

( BW)(CQN-NY-ZAPATA)(ZAP) Correcting Zapata Corporation Average Common Shares Outstanding for Three Months Ended March 31, 2000; 23,887 sted 23,877

Business Editors

CORRECTION...by Business Wire

In BW2003, (NY-ZAPATA) Zapata Reports First Quarter 2000 Results, Consolidated Statement of Operations, Average Common Shares Outstanding for Three Months Ended March 31, 2000 should read xxx 23,887 (sted 23,877).

     --30--es/ny

     CONTACT: Zapata Corporation Investor Relations:
              Lippert/Heilshorn & Associates
              212/838-3777

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Certain matters discussed herein, with the exception of historical matters, are forward-looking statements which involve risks and uncertainties. Actual results may differ materially from these statements as a result of changes in external competitive market factors, unanticipated changes in the company's industry, or the economy in general, as well as various other factors, including those discussed herein and those set forth in the Company's most recent Annual Report on Form 10-K.

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