SOURCE: WanderPort Corporation

August 19, 2010 08:00 ET

Wanderport's Microwave Energy Tank-Less Water Heater Prototype Production up for Tender to Selected Leading Engineering Firms

NEW YORK, NY--(Marketwire - August 19, 2010) -  Wanderport Corp. (PINKSHEETS: WDRP) announced today that in its efforts to make its microwave energy tank-less water heater available to market, the company has elected to leverage its resources and retain the services of an independent engineering firm which will allow a more rapid transition from the current "in house" analysis towards full production of prototypes along the guidelines derived from said analysis.

Visualization of the product evolved, as did timeline expectations beyond "in house" capacity. Consequently, the need to add more resources via independent engineering firm is the solution which will allow Wanderport to shorten the timeline to produce its prototypes for the certification process.

Wanderport's criteria in choosing the engineering firm are based on their experience, reputation, areas of expertise and estimated time and cost to produce the microwave tank-less water heater prototypes. Pending the chosen company's approval, Wanderport fully intends to announce the firm's name and their estimated timeframe. In the event a suitable engineering firm is not found to meet the aforementioned criteria, Wanderport will most likely proceed with an Asian factory with whom they are presently contracting.

"I am pleased and confident with the accumulated knowledge base thus far," said Mr. Robert Simoneau, Wanderport's Technical Advisor and product Licensor. "Rather than continue the arduous procedure in our facilities, it is preferable to steer an independent engineering firm, with this knowledge base, to facilitate the product's timely completion. The market is demanding more than we are able to supply but a third party engineering group's involvement should considerably reduce delays towards its swift completion," continued Mr. Simoneau.

"Any way we can shorten the essential time to create revenue is our priority and it is re-assuring that Mr. Simoneau is now of the opinion that we have accumulated enough technical information to accelerate the process by the employment of an external resource," said Richard Martel, Wanderport's President and CEO. "We have sent out our 'request for quotation' to a number of firms and we are pleased to disclose that we have already received numerous responses from interested parties with whom we are presently negotiating Non Disclosure Agreements prior to offering tenders containing technical proprietary specifications," Mr. Martel continued.

The company is moving "full speed ahead" and expects to conclude a deal with a leading independent engineering firm and entertain offers of further involvement and participations from its US and Australian distributors towards product completion within the coming weeks. Valued shareholders shall continue to be informed upon further developments.

NOTES OF INTEREST: Wanderport has not yet decided if it will hold an open information conference call however; shareholders are encouraged to send in their questions including contact information to making reference to "conference call questions." In the event a conference call is scheduled, those questions will be prioritized. 

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 product innovation and technology development for the 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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