SOURCE: WanderPort Corporation

February 16, 2010 16:00 ET

Wanderport Receives Increased Sales Commitment From Australia to $123 Million USD

NEW YORK, NY--(Marketwire - February 16, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that upon further review and negotiations, Gavin Ovens Holdings PTY LTD has augmented its sales and distribution commitment and revenue estimates.

Based on the terms of the contract, management now estimates revenues from the recently announced $50 million to be increased to $123 million, representing 275,000 units over 5 years. "Our goal to become an important player in the water heating industry is now in motion and this agreement provides us the opportunity to obtain a large portion of the Australian water heater marketplace," stated Mr. Richard Martel, President and CEO of Wanderport.

"In our opinion, Wanderport's cutting edge microwave energy tank-less water heater technology definitely provides us a huge opportunity and will surely cause some concerns for existing water heater companies distributing other brands," said Mr. Gavin Ovens, President and CEO of Gavin Ovens Holdings PTY LTD. "The beauty about this deal is that we presently do not have direct horizontal competitors and this provides the sales edge that most companies covet when attempting to get hold of a majority of a particular industry when launching a new product," continued Mr. Ovens.

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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