SOURCE: WanderPort Corporation

March 01, 2010 08:00 ET

Gavin Ovens and Australia's $125 Million Market Distribution Network Taking Shape

NEW YORK, NY--(Marketwire - March 1, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced more details pertaining to Gavin Ovens Holdings PTY LTD. and the development of Wanderport's Australian distribution network.

Wanderport realized the distinct characteristics of the Australian marketplace especially if one takes into account the great distance separating our continents and the marked differences when comparing the Australian water heater market to that of the United States. As a result, Wanderport sought the credibility of a reliable Australian engineer with huge credentials and incredible contacts to penetrate the Australian marketplace. Gavin Ovens, President of Gavin Ovens Holdings PTY LTD., has been involved in numerous grey water and water treatment facilities in and around the world and particularly at municipal level government projects within Australia. His expertise is highly recognized by Australia's top aluminum, copper, iron ore and energy products producer and mining company, as he has been flown to multiple locations on their behalf for the purpose of water effluence. His firm is retained on a consultancy basis by many major mining companies for matters contiguous to treatment for environmental and water contamination resulting from mining procedures.

Following recent introductions made by Mr. Ovens between Wanderport's Head of Technical Research and Product Development, Mr. Robert Simoneau, and one of Australia's largest water heater dealers presently distributing the Dux brand water heater Mr. Simoneau has indicated that the Dux distributor was thoroughly impressed and has agreed and requested to carry Wanderport's microwave energy tank-less water heater.

"Having a sales and distribution agreement with Mr. Ovens is a huge asset for Wanderport. His vast sales network and contacts are already paying dividends for Wanderport. With his introduction, I have travelled to Australia to meet this large Dux brand water heater dealer. I compare the experience to being taken directly to a company of General Electric's caliber and being told by the general manager that they were definitely willing and ready to promote, sell and feature our microwave energy tank-less water heater throughout their established sales channel," stated Robert Simoneau. "This type of sales clout is impressive and one of the many reasons Gavin Ovens Holdings PTY LTD. was confident enough to commit to such enormous sales revenue projections of roughly $125,000,000 USD over five years, which Mr. Ovens believes to be conservative," Mr. Simoneau continued.

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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