SOURCE: WanderPort Corporation

March 31, 2011 13:30 ET

Final Procurement Approved for Wanderport's Microwave Energy Tankless Water Heater

NEW YORK, NY--(Marketwire - March 31, 2011) -  Wanderport Corp. (PINKSHEETS: WDRP) today announced that procurement authorization has been granted and approved for the remaining equipment and provisions, which were quoted by engineering and design partners for its microwave energy tankless water heater (MHU).

In conjunction with said engineering and design partners, the Company is well within the end process of procurement in order to complete the single cavity MHU.

"This is significant because the pieces of the puzzle are finally coming together and it symbolizes the transition of my long held vision into reality," said Robert Simoneau, Wanderport's Technical Advisor and Product Licensor.

The procurement list includes the advanced heat exchanger unit fabricated using a ceramic type material and customized to exact specifications. This unique enclosure or chamber was designed using thermal dynamic techniques and forms an integral and key component of the baseline single cavity unit. Other items include the metal enclosure, tubes and fittings for plumbing and some miscellaneous items.

"This juncture has been long awaited, as we take the final steps to producing the MHU expected this April 2011. Proceeding with a single cavity 'point of use' MHU provides a premise to evaluate the function of our product prior to expansion toward a 'Point of Entry' MHU," said Wanderport's CEO, Richard Martel. "Suddenly, the immense 'point of use' revenue steam is within sight, while we anticipate preparations toward a 'Point of Entry' MHU and the considerable market it represents," further added Mr. Martel.

About Wanderport Corporation: Wanderport Corporation holds the rights to Pulsar's microwave energy tankless water heater through its exclusive Licensing agreement. 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 tankless water heater. Wanderport Corporation is a business development company making investments and acquiring licenses of products and technologies that deploy "Green" environmentally friendly alternatives which reduce water and energy consumption as well as global dependence on oil.

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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