SOURCE: WanderPort Corporation

February 05, 2010 15:00 ET

Wanderport and American Distributor Closing in on an Agreement With a Pending Order

NEW YORK, NY--(Marketwire - February 5, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that negotiations with an American group possessing various sales channels including rural Co-ops in the USA are moving forward steadfastly. Rural America represents 45% (a $3.6 billion annually) of the US marketplace. This agreement would ensure tremendous direct access to this market for the company. In addition, they have tabled various other proposals including an immediate order of between 450 and 650 commercial units to help sanitize facilities at some of America's largest fast food giants. The US fast food industry is not permitted to use conventional household water heaters to sanitize their facilities and therefore necessitates the use of more costly commercial water heating systems (between three and four thousand dollars) for their equipment and facility sanitization procedures. In management's opinion, Wanderport's microwave tank-less water heater eliminates that huge cost factor.

"We are diligently working towards a sales and distribution agreement, however, sales commitments remain one of a few questions pivotal to finalizing the agreement," stated Barry Somervail, VP of Sales at Wanderport.

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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