Wanderport Signs a Sales and Distribution Agreement for Eastern-Europe
March 02 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
concluded a definitive sales and distribution agreement with Ovaks
Ltd. of the Republic of Belarus.
Established in 1994, Ovaks Ltd. began supplying residential and
commercial construction companies insulation and other essential
material for the construction industry. In 2003, the company
acquired the exclusive Eastern-European distribution rights to
penopolisterol, (foam plastic found between two steel panels which
guarantees a high degree of insulation from heat and sound),
manufactured by Mosstroy-31 Ltd., of Moscow, Russia. Since 2005,
Ovaks Ltd. has been involved in building and designing hundreds of
new homes featuring construction techniques according to energy
efficient methods learned while working closely with the Vitebsk
Selstroy Institute. Ovaks has been doing business with construction
companies stretching from Russia and Ukraine to Kazakhstan,
building homes and supplying them various construction materials
and tools.
"Ovaks Ltd. is perfectly positioned to penetrate the
East-European marketplace because once a product receives
certification approval by Belarus, then the certification is
automatically accepted and approved by Russia, Ukraine and
Kazakhstan thereby, facilitating product market entry to those
countries," stated Mr. Serge Slizki, CEO of Ovaks Ltd.
Considering the Russian water heating equipment market value
increasing more than two and a half times in the last four years
and bearing in mind a 24% growth in the volume of imported water
heating units within the first six month of 2009 for the electric
storage water heater segment, Ovaks believes it is poised to
capture a large portion of the East-European market with
Wanderport's microwave energy tank-less water heater. Ovaks'
contract term is for a five year period and includes the countries
of Belarus, Russia and the Ukraine. Sales commitments are estimated
at 62,000 units at an approximate cost price of $450 USD per unit
for a total of $27,900,000 in revenue over the course of that same
period. "For the last few years since receiving our award at the
2005 T.I.P.T.A show in Toronto, Robert Simoneau, product licensor,
had the opportunity to get to know Ovaks Ltd. Their emphasis on
energy efficient technologies and their existing sales channels
within the East-European construction industry made this
distribution agreement a natural fit, as a predominant portion of
Wanderport's target market is pointed to the residential and
commercial construction industry," said Richard Martel,
Wanderport's President and CEO.
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 T.I.P.T.A 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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