Wanderport Signs Multi-Year Australian Distribution Agreement Valued at $50 Million
February 12 2010 - 4:00PM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
concluded a definitive sales and distribution agreement with Gavin
Ovens Holdings PTY LTD., a leading international group specialized
and certified in water treatment located in New South Wales
Australia.
The sales agreement primarily involves Australia and New Zealand
and is signed for a 5 year term. Sales commitments are being
reviewed and negotiated but preliminary estimates are in the area
of 10,000 units within the first year and the aggregate sales are
valued at $50 million over a period of 5 years. This agreement is
perfectly timed to coincide with Australia's new hot water strategy
which began July 1st, 2009 to develop strategies to limit water and
energy consumption by focusing specifically on improved water
heater performance efficiency.
"The water heater industry in Australia is primed for
Wanderport's cutting edge microwave energy water heater technology
which we believe will dramatically change an industry heavily
lacking in innovation," said Mr. Gavin Ovens, President and CEO of
Gavin Ovens Holdings PTY LTD.
"We are very fortunate to be associated with Gavin Ovens
Holdings PTY LTD. They are true professionals in water treatment
and as such, will definitely synergize Wanderport with Australia's
water waste management strategy. This sales agreement will
undoubtedly assure us a large portion of the Australian water
heater marketplace and create remarkable growth for Wanderport and
its investors," stated Richard Martel, President and CEO of
Wanderport.
About Wanderport Corporation: Wanderport
Corporation is a holding and business development company making
investments, acquiring licenses and deployment of environmentally
friendly "Green" technologies such as, primary alternative,
renewable energy and energy saving products namely Pulsar's
microwave energy tank-less water heater, which reduces water and
energy consumption as well as global dependence on oil. Pulsar
Advanced Technologies Inc. was the proud recipient of the 2005
TIPTA award (TCA; Toronto Construction association, Innovative
Product and Technology Award), recognizing excellence in innovation
in product or technology development, or its application of its
microwave energy tank-less water heater.
Important Information About Forward-Looking
Statements: Please be advised that statements made herein,
other than historical data, constitute forward-looking statements
that involve risks and uncertainties that could cause actual
results to differ materially from those stated or implied by such
forward-looking statements. The potential risks and uncertainties
include, among others, potential volatility in the company's stock
price, increased competition, customer acceptance of new products
and services to be offered by the company, and uncertainty of
future revenue and profitability and fluctuations in its quarterly
operating efforts.
Contact Wanderport Corporation at: For more information:
www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917)
338-7957
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