NEW YORK, April 29, 2011 /PRNewswire/ -- Wanderport Corp.
(PINKSHEETS: WDRP) today issued the following open letter to
shareholders of Wanderport Corporation:
Dear Valued Shareholders,
I am delighted to issue this letter in order to address the
overwhelming number of comments and concerns, as well as requests
for information recently received.
This letter is not meant to promote or entice people to purchase
the company's stock but more as a courtesy to our "Long" investors
and a simple effort to show transparency. May I also point out that
we recently filed our Disclosure and Quarterly financial statements
(period ending March 31, 2011),
thereby, maintaining our "OTC Current Information" status on
OTCmarkets.com.
Investors may feel that on occasion, the company's recent news
releases seem a tad inconclusive. As principals of the company, we
share your high expectations and concerns of underachievement,
after all, the MHU REMAINS incomparable in today's marketplace and
our vested interest and commitment to its realization increases
daily (without dilution). That said, having seen and discussed the
progression and advancements of the MHU made by our team of
engineers, I am vehemently looking forward to providing proof of a
working prototype and as a result, building a tremendous future for
the company.
Due to the speculative nature of the company however, periods
without news may seem long and sometimes create insecurity among
investors. It is very challenging to earn and maintain credibility
in the public avenue while making every effort to cut costs and
deliver according to estimated timelines provided by the company.
We understand the frustrations manifested by investors when said
timelines are surpassed. However, please note, that these timelines
are provided as a courtesy and are considered "expected or
approximate" dates and NOT DEADLINES. Furthermore, accusations of
purposely holding back information with some ulterior motive are
totally ludicrous and unfounded. Rest assured we would not have
funded engineering costs and more recent "current OTC filings" if
it were the case. Although admittedly, there is a lack of news of
late and we will commence news releases accentuating the company's
recent achievements and further steps toward a market enabling
product. Most companies call it an "awareness Campaign". As
Wanderport approaches the end of Phase II (prototype) and moves to
Phase III (a first production run) it will be easier to release
news with more regularity due to the availability of more tangible
newsworthy information, which should result in increased momentum
for our share price throughout the balance of the year.
On a final note, we are truly grateful to have a "Long" and
supportive shareholder base as we build the world's first microwave
energy tankless water heater. We share investors' enthusiasm that
Wanderport can soon swallow-up a hefty portion of the water heater
industry by the promise of its technology.
We hope investors continue to manage their expectations as
Wanderport works to exceed them.
Sincerely Yours,
Richard Martel
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
Tel: +1 (352) 533-4801
SOURCE Wanderport Corporation