Wanderport Signs LOI for the United States
March 03 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) announced today that it has
signed a letter of intent for a sales and purchase agreement with a
distributor in the United States of America.
The American market represents approximately half the world's
water heater sales and as such, this letter of intent is another
significant achievement towards asserting Wanderport's position as
a major player in the global water heater industry.
Wanderport is currently concluding the final details with the US
water heater distributor and expects to close a definitive sale and
purchase agreement on or before March 19th, 2010.
Wanderport believes "the timing of our involvement with the
American market could not be better in view of the Department of
Energy's recent announcement concerning new Energy Star® criteria
for the US water heater industry," stated Richard Martel,
Wanderport's President and CEO. "The company is fervently intent on
providing our US distributor with our pre-launch unit in order to
conclude third party comparables of our microwave energy tank-less
water heater in relation to other existing products and new Energy
Star® standard. The comparables are to be used by our distributors
for marketing purposes," Mr. Martel continued.
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
Wanderport (PK) (USOTC:WDRP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wanderport (PK) (USOTC:WDRP)
Historical Stock Chart
From Sep 2023 to Sep 2024