Wanderport Discloses Financial Projections From USA Distributor
April 08 2010 - 8:18AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) announced today revenue
projection commitments made by its US distributor, Utility
Marketing Concepts, Inc. (UMC).
UMC's revenue projections are based on association marketing.
That is, strong positioning in any niche markets through its
association with the electric utilities and especially coops. UMC
finds a utility that provides incentives or rebates that favor
homeowners and encourages them to use energy efficient appliances.
Electric utilities reach virtually every household in the United
States and, most if not all (98%), have a water heater. The split
is about 50% electric and 50% gas/propane. Because the utility
promotes their incentive based on electric products, it therefore
alerts their customers (UMC's target market) to the product or
water heater that carries the best rebate or incentive. UMC will,
in effect, use the coop to promote the microwave energy tank-less
water heater which allows UMC to feed off their advertising and
promotion to these niche markets which UMC expects to reach.
Examples include apartments, fast-food and dairy industries to name
a few. Consequently, market entry through the utilities while
focusing on the coops informs all these niche markets about our
product without requiring enormous marketing expenditures and
offers access to all users of electricity in America. UMC's average
US revenue forecasts for the next five years totals roughly 530,000
units at approximately $450 per unit for total revenue of
$238,050,000 USD. According to UMC, this is a very conservative
estimate not including other market verticals in the United States
or Canada such as; hardware retail chains and residential housing,
as well as a host of secondary sales channels and international
markets offered to Wanderport through other possible US distributor
agreements.
"Our initial problem will be supply. We need to be prepared for
production of 100,000 units per quarter before our first available
inventory is out the door," said Mr. Dave Myers, President of
Utility Marketing Concepts.
"These revenue projections are staggering and emphasize the
importance of successfully completing Phase II of Wanderport's plan
of action towards market entry which is currently underway. It
remains the company's main objective in attaining these financial
returns," stated Mr. Richard Martel, President and CEO of
Wanderport Corporation.
About Utility Marketing Concepts (UMC):
UMC began as a distributor to the Rural Electric Cooperatives in
1985 and eventually partnered with State Industries to manufacture
its well known, dependable and competitively priced water heater to
meet the growing demands of the Rural Electric Cooperatives and
Utilities Market. The rural electric utilities furnish roughly 40
percent of the electricity to the households in the USA. Together
UMC and State Water Heaters developed the Freedom Brand water
heater currently exclusively distributed to the Rural Electric
Cooperatives and Utilities Market. For more information please
visit: www.utilitymc.com
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.
Visit Wanderport Corporation at: www.wanderport-ir.com Email:
inquiries@wanderport-ir.com +1 (352) 533-4801
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