NEW YORK, July 22, 2011 /PRNewswire/ -- Wanderport Corp.
(OTC MARKETS-PINKSHEETS: WDRP) today released a statement
pertaining to the "Communique" issued on July 21, 2011 by The Autorite des Marches
Financiers (the "AMF"), Quebec's regulatory and oversight body for the
financial industry.
We are aware of an action by the AMF in the Province of
Quebec, Canada specifically
prohibiting, for the time being, certain individuals from trading
shares in Wanderport. The press release as written and released by
the AMF and viewable on MARKETWIRE
(http://www.marketwire.com/press-release/alleged-market-manipulation-orders-to-cease-trading-and-shut-down-website-1540931.htm)
is, in our opinion, constructed in an ambiguous fashion. The
release opens first by stating that a decision has been made
prohibiting any transaction in the securities of Wanderport. Only
later is this clarified to state that this restriction does in fact
apply solely to certain individuals and corporations. The release
heading also made mention of a website to be shut down which
readers may have confused with Wanderport's only to have it
clarified within the text. Wanderport is of the opinion that the
website in question is unrelated to Wanderport regardless of an
existing link in the "Investor Relations" tab in Wanderport's
website. The unrelated party was remunerated for this service. As a
coincidence however, Wanderport had undertaken to replace its
existing website within the coming weeks. Work on the new website
began prior to any knowledge of any actions by the AMF. That said,
access to our present website may be interrupted in the coming
weeks only to be replaced by our new website, which will provide a
fresh new look to go along with our anticipated and eventual unique
products. The reaction by certain stakeholders, wrongly concluding
that trade in the shares has been prohibited is understandable but
false. The purpose of this release is to clarify that the intent of
the AMF action is to prohibit, for an indeterminate period of time,
the trading of Wanderport shares by a certain limited number of
parties.
We were neither contacted nor advised by the AMF of any
alleged activities by any external parties prior to or even since
the press release. We are aware that one of the parties named and
therefore prohibited in trading shares of Wanderport is
Andrew Barakett who, at present, is
contracted to handle investor relations for the Corporation. It is
our position that Andrew has done a commendable job in keeping
stakeholders apprised of our progress and has been quite prolific
in the issuance and dissemination of unbiased, pertinent
information. We do not believe that this action will prevent Andrew
from performing his tasks in a similar and conscientious manner for
the benefit of the stakeholders and Corporation. Furthermore, we do
not believe that the AMF has restricted his ability to perform this
function, and so, it is therefore our decision to retain the
services of Andrew in his present capacity.
We will be monitoring the progress of the allegations as put
forward by the AMF on a periodic basis and will endeavour to inform
stakeholders of material changes as they pertain to Wanderport in a
timely fashion. In addition, we will continue to provide
responsible and periodic updates on the development and progress of
our business and business activities. We wish to underline the fact
that there has been no change to your ability to support Wanderport
and to participate in our success by purchasing shares. We also
would like to thank all stakeholders for their continued and
enthusiastic support.
About Wanderport Corporation:
Wanderport Corporation holds the worldwide rights to the
microwave energy tank-less water heater technology through its
exclusive Licensing agreement. The technology's founding company,
Pulsar Advanced Technologies Inc. was the proud recipient of the
2005 TIPTA award (TCA; Toronto Construction Association, Innovative
Product and Technology Award), awarded by the National Research Council of Canada recognizing excellence in
product innovation and technology development for the microwave
energy tank-less water heater. Since then, Wanderport
Corporation acquired the exclusive rights retained by its Inventor
and Licensor Mr. Robert Simoneau
also acting as Wanderport's Technical Advisor. Wanderport
Corporation remains focused on developing business, 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
Telephone: +1 (352) 533-4801
SOURCE Wanderport Corporation