SOURCE: WanderPort Corporation

November 10, 2009 09:00 ET

Wanderport Negotiating a Definitive Sales Agreement With Australian Group Specialized in Water Treatment

NEW YORK, NY--(Marketwire - November 10, 2009) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it is concluding negotiations and is moving to close a definitive sales and purchase agreement with an Australian Group headed by a certified water treatment Engineer. The company expects to finalize a definitive agreement on or before November 30, 2009.

Seeking to develop measures for a national hot water strategy, the Australian Ministerial Council on Energy established a program to enhance Minimum Energy Performance Standards (MEPS). Slated to begin July 1st, 2009, the program is designed to improve efficiency of water heaters installed in new homes, major home renovations and buildings, specifically targeting electrical appliances and water heaters among others. This hot water strategy is focused on performance efficiency by water heater replacement, thereby improving the preservation of water and energy.

Our anticipated sales association with a company headed by a water treatment specialist will definitely assist Wanderport to comply with Australia's new hot water strategy aimed at improved water heater efficiency. "Water heaters are undeniably one of the core issues affecting Australia's water supply and as such, necessitates a competent individual to oversee compliance with those policies, while ensuring effective market entry strategy," stated Barry Somervail, President and CEO of Wanderport. "Wanderport recognizes that water waste management calls for product technology and environmental convergence to limit water scarcity. The success of our negotiations with this Australian Group and the Pulsar microwave energy tank-less water heater effectively assures this synergy towards an echo-friendly solution and immense market growth for Wanderport," further added Mr. Somervail.

About Wanderport Corporation: Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology such as, primary alternative, renewable energy and energy saving products like electric vehicles which reduce global dependence on oil. Pulsar Advanced Technologies 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.

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.

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