SOURCE: WanderPort Corporation

February 23, 2010 08:00 ET

Wanderport Ahead of Production Schedule

NEW YORK, NY--(Marketwire - February 23, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) announced today that it is moving quicker than expected towards production. Due to an overwhelming number of information requests, Wanderport continued efforts to respond to the many queries and provide transparency to its valued shareholders by releasing this information statement concerning product and pricing, production deliverables, distribution deal flow and technical questions.

Product development and pricing -- Wanderport intends to provide various product models ranging from point of entry and point of use to an eventual industrial model. The point of entry model would be one that is for the entire household and would be capable of providing enough hot water for simultaneous multiple use depending on regional water pressure available. Wanderport's unit price is in the vicinity of $450 USD for resale by distributors at a retail price to be determined.

Deliverables -- Despite scheduling constraints due to the Chinese New Year, Wanderport is very excited to confirm the water cooled magnetrons are ready for review and approval. Furthermore, the company has confirmed the controller module is being outsourced and will soon be expedited to Gold Phoenix Technologies Ltd. to complete the electronic assembly under the watchful eye of Mr. Robert Simoneau, Wanderport's Head of Technical and Product Development, and Mr. Gavin Ovens, President and CEO of Gavin Ovens Holdings PTY LTD Australia. They are travelling to Asia to complete and review the assembly of the product and assure that funding is in place for assembly to be done in a timely manner. The company is targeting early March for delivery of the pre-market units.

Sales contracts and deal flow -- In the past week Wanderport has announced enormous sales and distribution contracts with Australia, Italy and Turkey and alluded to an imminent US distribution agreement. The agreement with Australia's Gavin Ovens Holdings PTY LTD resulted following Pulsar's receipt of the T.I.P.T.A. Award and Mr. Simoneau was flown to Australia to hold contractual discussions and complete due diligence. Mr. Ovens is an engineer by trade with a water treatment and mining background. He and his qualified partners are keen about their opportunity to finally commercialize the product as they share the same belief as our Italian and Turkish distributors that Wanderport's proprietary water heating eco-friendly technology will most likely reach its goal of one percent of overall annual water heater sales within the first few years of distribution. Wanderport is continuing due diligence towards a sales and purchase agreement with a large US water heater distributor. The US Company has already made available third party assembly, packaging and inventory facilities in their region and confirmed that a technical arm of the National Rural Electrical Association would like to conduct tests on the unit to shore up green energy efficiency claims for their members. In addition, another American company funded by the US government has offered to produce written publishable comparables and to seek all the necessary industry standard approvals for the unit including UL and other certifications for Wanderport. Questions ranging from liability insurance, concealed damage and warranty troubleshooting guide and owners' manuals, to specification data sheets and product marketing and dealer representative budgets remain to be determined.

Technical -- The microwave energy tank-less water heater is run on electricity without the need for heating elements. Because this product may be sold in many countries, regional jurisdictions' respective plumbing standards dictate technical requirements according to their existing along with required fittings and operating frequencies for each of these standards. For example, regardless of the fact that there is no build-up of pressure within the unit, pressure valves and anti-scolding mechanisms will be installed to comply with regional plumbing standards for each commercial market. The product licensor has advised Wanderport to proceed with extreme caution to purposely protect the detailed specifications of the product.

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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