SOURCE: WanderPort Corporation

August 12, 2009 08:30 ET

Wanderport in Advanced Negotiation to Manufacture Its Eco-Friendly Water Heater Technology

NEW YORK, NY--(Marketwire - August 12, 2009) - Wanderport Corporation (PINKSHEETS: WDRP) announced today that it is in advanced negotiations to manufacture its Eco-Friendly Water Heater Technology.

The company has presently short listed 3 contract manufacturers and expects to announce the final manufacturer on or before September 30, 2009. The availability of components, raw materials and general logistic issues are currently the main focus of discussions and weighing determining factors.

"The key difference between our Eco-Friendly Water Heater Technology and other types of tankless water heaters is that we do not redundantly consume acutely high concentrated amounts of energy in order to heat elements for on demand heated water. Using elements negates the huge energy savings, hence, our microwave energy based tankless and element-less technology is the more economical choice," said Mr. Robert Simoneau, Head of Technological Research and Development.

"Several markets including Japan have become more dependant on new technologies such as our microwave energy based water heaters capable of preserving clean water, energy and fossil fuels," said Mr. Somervail, President and CEO of Wanderport Corporation. "It is for this reason that our product is already in huge demand and market trends continue to be in our favor thus, demonstrating the market potential of our product. We therefore need to be assured that the chosen manufacturer will be able to deliver quality products in a timely manner," further added Mr. Somervail.

About Wanderport Corporation: Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology such as, primary alternative, renewable energy and energy saving products like electric vehicles which reduce 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.

For more information:

Contact Information