1083243--3/14/2006--ZAP_COM

related topics

{stock, price, share}

{interest, director, officer}

{acquisition, growth, future}

{stock, price, operating}

{tax, income, asset}

{provision, law, control}

{product, market, service}

We have limited assets and no source of revenue. We have not selected a specified industry in which to acquire or develop a business. There is an absence of substantive disclosure relating to prospective new businesses. If an acquisition is consummated, stockholders will not know its structure and will likely suffer dilution. Management devotes insignificant time to activities of the Company. Zapata and Zap.Com s officers may have conflicts of interest. There is significant competition for acquisition candidates. There is no assurance of continued public trading market and being a low priced security may affect the market value of stock. Zapata s control and the presence of interlocking directors and officers create potential conflicts of interest and could prevent a change of control. We have liabilities as a member of Zapata s consolidated tax group. Because we do not intend to pay any cash dividends on our common stock, holders of our common stock will not be able to receive a return on their shares unless they sell their shares. Our anti-takeover provisions in our corporate documents may have an adverse effect on the market price of our common stock. A substantial amount of our common stock is eligible for sale into the market and this could depress our stock price.

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1083243--3/14/2006--ZAP_COM_CORP