Wanderport Provides Recap Subsequent to US LOI
March 16 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) announced today its
recapitulation of sales commitments following the recent
announcement of its intent to conclude a sales and purchase
agreement with a distributor in the United States.
Recent signed agreements:
- The Australian distributor's five year total projected revenue
commitment is roughly $124,656,810 USD.
- The Italian distributor's five year total projected revenue
commitment is roughly $46,665,000 USD (previous total was
erroneously announced as an average per year within five years
rather than the total projected revenue at the end of five
years).
- The Turkish distributor's five year total projected revenue
commitment is roughly $56,925,000 USD (previous total was
erroneously announced as an average per year within five years
rather than the total projected revenue at the end of five
years).
- The Eastern-European distributor's five year total projected
revenue commitment is roughly $27,900,000 USD.
Wanderport has total outstanding shares of 642,500,940 and is
projecting revenues in the area of $256,146,810 over five years
excluding potential revenue from the United States. The company
believes this would translate to a projected $.40 revenues per
share over that same period not including North-American sales
revenues. At a multiple of 5 times sales, revenue per share would
be equivalent to $2.00 representing a fair and sustainable
shareholder value.
During recent discussions with the prospective US distributor,
conservative preliminary revenue estimates are in the range of
$190,000,000 USD over five years. Wanderport hopes to review
projected revenues taking into account the US market once the
company is able to announce a definitive agreement with a
distributor in the United States on or prior to March 19th,
2010.
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
(352)-533-4801
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