Wanderport Provides Revenue per Share Estimate and Corporate Strategy
January 13 2011 - 08:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today provided its revenue per
share estimate, milestones and corporate strategy to market their
innovative microwave energy tankless water heater.
Milestones and Strategy to UL Approval
- In June 2010, Wanderport's Licensor filed an additional patent
application pertaining to a unique heat exchanger specifically
designed for Wanderport's microwave energy tankless water
heater.
- On October 28, 2010, the company's Technical Advisor and
product licensor, Mr. Robert Simoneau and/or corporate nominee),
hired Design 1st Inc. to assist the engineering of the heat
exchanger and completion of the water heater. Wanderport holds the
products exclusive rights through its licensing agreement with Mr.
Simoneau and/or corporate nominee thus, said engineering agreement
is signed on Wanderport's behalf.
- Wanderport is delighted by its recent accomplishment of
determining the proper dimensions for the heat exchanger chamber.
This allows the company to fulfill its next engineering milestone
which will be to assemble the heat exchanger with those dimensions.
The eventual pre-production unit or prototype will follow in a
relatively short time frame. Soon after, anticipated efficiency
claims and specifications will then be ascertained. Timeline for
the unit's completion will depend on the required time to produce
the heat exchanger according to the new dimensions and further
instruction from Mr. Simoneau who returns from his travels to Asia
January 14th, 2011.
- Succeeding a pre-production unit, Wanderport shall seek UL
approval and other necessary certifications with the assistance of
their US distributor, Utilities Marketing Concepts (UMC). UMC's
involvement will definitely accelerate the process. Wanderport
values its distribution agreement with UMC and prefers to define
the relationship as a flourishing joint venture where UMC has
already prepared marketing channels and designed installation kits
for the product as well as, sourced US manufacturers willing to
finance components for a first full production run which Wanderport
hopes to begin this year.
Clarification & Financing:
- Canadian government grants are not a necessity but rather
another option to recoup cash without diluting shares
outstanding.
- Mr. Simoneau's intention is not to entertain a share sell-off
when shares become free trading in fall 2011. Said shares could
provide an alternate financing instrument at a higher price to
cover additional production and marketing costs not covered by the
manufacturer who will be financing components during the company's
production run. This should reduce the need to increase shares
outstanding and protects shareholder value while maximizing
production.
Signed Purchasing/Distribution Agreements with
Five Year Projections (distributor's unit cost of approx.
USD$450/unit):
- Australia's Gavin Ovens Holdings PTY LTD. has projected
purchase commitments of roughly $124,656,810 USD over five
years.
- Italy's Geo Solis di Terziani A & C. s.a.s. has projected
purchase commitments of roughly $46,665,000 USD over five
years.
- Turkish distributor ESS Enerji Ltd. (Energy Saving Systems
replaced the previous agreement with Deltoid Enerji Ltd.) has
projected purchase commitments of roughly $56,925,000 USD over five
years.
- Eastern-Europe's Ovaks Ltd. of Belarus has projected purchase
commitments of roughly $27,900,000 over five years.
- The United States-Utilities Marketing Concepts (UMC), has
projected purchase commitments of roughly 530,000 units totaling
$238,050,000 over five years. This Revenue is based solely on niche
markets such as apartments and condominiums with emphasis on
electric utilities and coops. UMC's agreement leaves the door wide
open to entertain distributors in other geographic locations within
the United States and to explore supplementary market verticals
such as; commercial applications, hardware retail chains and
residential housing, as well as, a host of secondary sales channels
globally and within the US and Canada.
- Wanderport continues to entertain proposals from distributors
globally as preliminary introductions are underway between
companies in the US, Canada, South Korea, and parts of South
America in addition to receipt of a letter of intent from a Swiss
group.
Revenue per Share Presently, the number of
total outstanding shares is 642,500,940 and projected total revenue
is USD $494,196,810 over five years. This translates to revenue per
share estimates of USD $0.77 over that same period. At a multiple
of five, revenue per share then becomes equivalent to USD $3.85
representing a fair and sustainable shareholder value. "Revenue per
share estimates are strong indicators of a company's impact on its
industry," said Wanderport's CEO, Richard Martel. "We believe
Robert Simoneau and Design 1st Inc. could complete Robert's vision
of the pre-production unit within the first quarter 2011 and
perhaps a market enabling product within 2011. We are also of the
opinion that our product's technological advantage can swiftly
catapult us to 'major player' status in the water heater industry
and make us an irresistible candidate for a beefy buyout offer
which could be somewhat difficult to resist," continued Mr.
Martel.
About Design 1st
Inc.: Design 1st Inc. is based in Ottawa
Ontario, Canada, with offices in Toronto, Montreal, Vancouver,
Boston and Los Angeles. The company's product development experts
are some of Canada's most accomplished, with 25 years experience in
cost effective solutions and pre-production unit development. For
more information, please visit Design 1st Inc. at:
www.Design1st.com.
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 "freedom" brand water heater exclusively distributed
to the Rural Electric Cooperatives and Utilities Market. The rural
electric utilities furnish roughly 40 percent of the electricity to
the households in the USA. For more information please visit:
www.utilitymc.com
About Wanderport Corporation: Wanderport
Corporation holds the rights to Pulsar's microwave energy tank-less
water heater through its exclusive Licensing agreement. 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
product innovation and technology development for the microwave
energy tank-less water heater. Wanderport Corporation is a
business development company making investments and acquiring
licenses of products and technologies that deploy "Green"
environmentally friendly alternatives which reduce water and energy
consumption as well as global dependence on oil.
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
Contact: inquiries@wanderport-ir.com +1 (352) 533-4801
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