SOURCE: WanderPort Corporation

February 16, 2010 11:58 ET

Wanderport Reaches Major Milestone

NEW YORK, NY--(Marketwire - February 16, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has reached another major milestone when it signed a procurement agreement with Witol Manufacture Co. Ltd, (a division of Midea electromechanical Equipment Group) to facilitate the production of specially designed water cooled magnetrons for Wanderport's microwave energy tank-less water heater.

"This is a major milestone for our company, since the magnetrons are a very important component to our product. The procurement agreement will enable us to fast track the delivery of our product to the market and fulfill the pending orders now reaching over $50 million," said Richard Martel, President & CEO of Wanderport Corp. "This particular milestone was key in developing the larger North American market and now we are positioned to capture a large percentage of the $8 billion annual market," further added Mr. Martel.

The Witol/Midea Group, based in the Guangdong region of the People's Republic of China is specialized in household appliances for the real-estate and logistics industry. The group is also one of the largest manufacturers of electrical based components in China. Midea Group currently has 70,000 employees, with a dozen brands including Sanyo electro mechanical appliances targeting annual sales of over 12.5 billion dollars. In conjunction with Wanderport's multi-million dollar sales and distribution agreement with Australia's Gavin Ovens Holdings PTY LTD, Midea's facilities have recently been audited by Gavin Ovens Holdings and are held in high esteem by them for their elevated quality control standards. In fact, the same production lines used for Sanyo electro mechanical appliances will be utilized to produce the water cooled magnetrons essential for Wanderport's microwave energy tank-less water heater assembly.

About Wanderport Corporation: Wanderport Corporation is a holding and business development company making investments, acquiring licenses and deployment of environmentally friendly "Green" technologies such as, primary alternative, renewable energy and energy saving products namely Pulsar's microwave energy tank-less water heater, which reduces water and energy consumption as well as global dependence on oil. 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 innovation in product or technology development, or its application of its microwave energy tank-less water heater.

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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