Wanderport Provides Clarification to Shareholders
March 04 2010 - 9:06AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today provided clarification
concerning recent increased speculation and fluctuations in current
share price.
Clarification: There has been recent
speculation over Wanderport Corporation's past business
developments over the last few years. Just like any non-shell
company, Wanderport had dabbled into various businesses, as
evidenced in the company's consolidated financial statements
reported in its Initial Company Information and Disclosure
Statement of September 30th, 2009 on pinksheets.com, under the
"filings" tab. As well, in its quest to become a holding of
licenses premised on "Green energy saving" technologies, the
company attempted to make investments in the LED lighting and an
electric vehicle company. Those transactions were never
consummated, hence a portion of the shares to be returned to
treasury for cancellation. In the end, the company is very
fortunate not to have completed those transactions because its
microwave energy tank-less water heater technology was presented
soon-after. Under no circumstances, however, should there be any
suggestion that Wanderport Corporation be confused with a private
company, now believed to be defunct, once operating under the name
of Wanderport Wireless. Management has not completed any formal
business relationship or transaction with this private company.
Speculation and News Flow Evidently, there
is much speculation surrounding Wanderport Corporation of late, due
to many recently released news announcements concerning the
progress of the company. Speculation also brings with it situations
where the company's stock price can be perceived to be victimized
by many short positions. Wanderport's remedy is simply continued
focus on product development which will eventually free it from
these perceived short positions. Management affirms the news has
been announced in accordance to achievement based on our methodical
plan of action that needs to be followed regardless of pressure
from growing expectations and stock price. Valued shareholders must
understand that a product launch of this nature requires a
sustained detailed approach. Management believes that its
distributors under contract should have priority to receive all
technical specifications prior to any other individual or group.
Reason being, distributors are contractually obligated by their
signed enforceable non-circumvent, non-disclosure and non-compete
clauses contained within their distribution agreements. These
measures are in place to protect the company's shareholders value
and greatest asset being its licensed proprietary technology. The
company hopes to provide further updates related to progress with
our pre-launch unit destined for distributors in the coming weeks
and US contract. Therein lays Wanderport's main focus.
Particulars Notes: -The company confirms
it is in the process of returning 130 million shares to treasury as
announced. -The company has not increased the
number of outstanding shares since August 2009, but has rendered
the share structure more accurate and effectively reduced the
number of total outstanding shares. Wanderport is hoping to update
its Company Financial Information and Disclosure Statement in the
near future. -Due to an inordinate number of
calls and queries, the company now has an improved telephone system
and new number that will allow a more organized and efficient
follow-up. Wanderport will make every effort possible to return
calls and emailed inquiries in the coming days. The company
apologizes for any inconvenience this may have caused.
About Wanderport Corporation: Wanderport
Corporation, a Delaware company, 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: www.wanderport-ir.com Email:
inquiries@wanderport-ir.com +1 (352) 533-4801
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