Wanderport Provides Corporate Strategy and Update to Shareholders
February 17 2010 - 4:00PM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today released its corporate
strategy update to shareholders regarding the deployment of its
innovative microwave energy tank-less water heater. Due to an
overwhelming amount of inquiries, the company will not be answering
each individual inquiry by email or telephone. However, we believe
the following information relating to increased trading volumes,
product development and company status as well as shareholder
general inquiries should provide answers and transparency to our
valued shareholders.
Increased Trading Volumes
Wanderport is experiencing enormous trading volumes resulting
from the company's recent announcements. Last year Wanderport hired
Hilbroy Advisory Inc. to oversee the investor relations program
coinciding with the acquired rights to the Pulsar's microwave
energy tank-less water heater technology. As a result, Hilbroy
assisted with the choice of third party investor relation firms to
coincide with Wanderport's growth and progress. Further to numerous
inquiries however, neither Wanderport nor Hilbroy or any other
third party has ever directly or indirectly engaged in any
co-operation or hiring of Oceanic Consulting as well as any
individuals or corporate associates to that company.
Product development and company status/Shareholder general
inquiries
Robert Simoneau, Head of Product Development will again be
travelling to Asia with two goals in mind. The first is to sign a
supplier agreement for the product's controller. The second, to
coordinate factory funding and production schedules for a sample
run before we can commence full production. This provides us the
opportunity to revise and make adjustments to adhere to regulations
and plumbing codes in various countries as our product is market
specific. The company is developing units designed for specific
applications and full house-holds in addition to a commercial
prototype soon after.
Wanderport is receiving much input from its newly signed
Australian distributor and is anticipating enormous cooperation
from an eventual suitor in the United States as the company is in
the final stages of due diligence with a large reputable American
firm. Not only do they wish to assist us by providing expertise
towards North-American plumbing code, regulations and product
installation, but they are also intent on producing our product
under their own private label and becoming our North American hub
for product distribution and assembly.
Furthermore, at the advice of our licensor, Wanderport has
purposely not yet disclosed final detailed specifications of the
product, as we are making a conscious effort to protect our
proprietary technology and shareholder value. Hence, we understand
frustrations manifested by industry professionals. In the coming
weeks following Mr. Simoneau's Asian trip and in conjunction with a
possible US sales and distribution contract, we hope to be in a
position where we can elaborate further and unveil our pre-market
unit prior to full production.
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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