Investor Relations

Zap.Com Announces Linux Resources Channel; Adds Open Source Community Sites to 'Zap 200'


ROCHESTER, N.Y., Dec. 10 /PRNewswire/ -- Zap.Com Corp. (OTC Bulletin Board: ZPCM - news) today announced that it has added a ``Linux Resources'' channel to ``The Zap 200 Best Internet Sites(TM)'' list. The Zap 200 -- a one-stop source for the finest sites on the Web located at -- is selected by a panel of experts at Zap.Com from among thousands of interesting, informative and entertaining Web sites.

``As we are committed to preserving and building on the Web's many small and independent communities, we are particularly proud to feature the leading Linux oriented Web sites in our Zap 200,'' said Avie Glazer, president of Zap.Com. 

    The Web sites featured in the Linux Channel are:
    -- Red Hat Linux -- -- creators of one of the most popular
       Linux distributions, Red Hat's site not only provides a free download
       of Linux, but lots of useful support information
    -- Just Linux -- -- a fully customizable news site that
       provides heaps of information on, well, just Linux!
    -- Linux Kernel Archive -- -- The official repository of
       the latest compiled versions and source code of the Linux kernel, plus
       a whole lot more
    -- -- -- champion of the open source movement and
       a wealth of knowledge for all things Linux
    -- Linux Online -- -- A great site to learn everything there
       is to know about Linux; history, support, you name it, it's here

``The open source software movement -- including the Linux community -- has been a powerful force of technological change and growth as well as one of the Internet's greatest and most long lasting benefits,'' said Glazer. ``Zap.Com is committed to preserving the Internet's diversity and many small communities, like the Linux community. The ZapNetwork(TM) is intended to be a place where small communities an be nurtured and grow and where the diversity of the Internet will be preserved.''

About Zap.Com

Zap.Com was founded by Zapata Corporation (NYSE: ZAP - news) with the goal of creating and operating a premier Internet network with global market reach. The ZapNetwork(TM) currently includes:

    -- Word -- -- An award winning webzine - one of the Web's
       first -- featuring personal stories, quirky humor and more.
    -- Charged -- -- The webzine of extreme leisure.
    -- Pixeltime -- -- A proprietary Java-based drawing
       system that is a unique tool for community building and user-created

Statements in this press release that are not strictly historical are ``forward-looking'' statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, which may cause the company's actual results in the future to differ materially from expected results. These risks and uncertainties include, among others: the Company's lack of an operating history; the risks inherent in establishing a new business in the Internet industry: the lack of a present source of revenues; the extent of the losses and negative cash flows that the Company anticipates: the Company's unproven business model; the ability of the Company to successfully finalize development of its Internet banner; risks associated with the Company's dependence on the Internet; intense competition; the extent to which a trading market develops in its stock; the Company's ability to raise capital if necessary; the Company's ability to maintain intellectual property protection for its proprietary products, to defend its existing intellectual property rights from challenges by third parties, and to avoid infringing intellectual property rights of third parties; unforeseen operating risks; the Company's ability to secure agreements with third parties for various services and marketing and other functions; and the availability of capital to finance planned activities if necessary. These risks are qualified in their entirety by cautionary language and risk factors set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Registration Statement on Form S-1 filed with the SEC on April 13, 1999, as amended. The Company assumes no obligation to update the information included in this press release.

Safe Harbor Disclaimer

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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