Wanderport Corporation Announces Launches of New E-Commerce Website and Cancellation of 54M Shares
SANTA MONICA, CA -- December 11, 2019 -- InvestorsHub NewsWire -- Wanderport Corporation (OTC Markets: WDRP), a premier manufacturer and distributor of food, beverages and consumer products made with hemp, today announces the upcoming launch of its new e-commerce website and cancellation of 54M Common shares.
As part of a new growth initiative, the Company has been working on developing a new e-commerce website to offer a range of products with a focus on health and wellness. Some of the initial categories include food and beverages, personal care, pain management, dietary supplements, and pet products. The site will carry hemp-based goods, in addition to, a wide variety of products that support a healthy lifestyle.
The Company is in the process of procuring the products and finalizing its fulfillment process. The site is expected to go live before the end of the month.
Due to placing heavy emphasis on quality control and taking extra steps in working with manufacturers to ensure the products meet the highest standard, the development and production of the Company's Hemp and CBD products are taking longer than expected. However, the Company expects to start rolling out new products sometime in January.
As an effort to improve the capital structure of Wanderport, management has secured, from a third party, 54M shares of its Common stock and is working with the transfer agent to cancel and return those shares to the treasury. Management will continue to improve the balance sheet by negotiating and securing additional shares or notes for cancellation.
"Wanderport has been working diligently to address some operational issues and overcoming several hurdles related to product development. The challenges are mostly behind us and we look forward to accelerating the growth phase with the introduction of our new website and product lines," commented Miki Takeuchi, CEO.
About Wanderport Corporation
Wanderport Corporation is a premier manufacturer and distributor of food, beverages and consumer products made with hemp. Its premium quality coffee blends are currently being sold in a growing number of boutique retail stores and small businesses in the Southern California territory. Its products are also sold online at www.sapacoffee.com and www.amazon.com. For more information, please visit http://www.wanderportcorp.com.
Forward Looking Statements:
Statements made herein 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. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.