SOURCE: WanderPort Corporation

February 10, 2010 13:33 ET

Wanderport's Finalizing Component Agreement Towards Production

NEW YORK, NY--(Marketwire - February 10, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it is finalizing an agreement with one of the world's largest microwave manufacturers located in the People's Republic of China to supply the specially designed water cooled magnetrons for Wanderport's microwave energy tank-less water heater.

According to the company's recent release (February 3, 2010) of its strategy outline and the return from Asia of the Head of Technical Research and Product Development, Mr. Robert Simoneau, sourcing for water cooled magnetrons is now over. The Magnetrons are the second of three key components essential to begin production of Wanderport's microwave energy tank-less water heater. The company is hopeful to announce a definitive agreement on or before February 25th, 2010. Wanderport also anticipates having the third key component (controller) in place in early March, as the company is reviewing final tenders.

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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