SOURCE: WanderPort Corporation

February 24, 2010 15:58 ET

Wanderport and the US Getting Closer

NEW YORK, NY--(Marketwire - February 24, 2010) -  Wanderport Corp. (PINKSHEETS: WDRP) today released US contract update.

US Distribution Agreement
Wanderport President and CEO, Mr. Richard Martel is reporting that negotiations with a large American water heater distributor continue to progress towards a signed agreement. He and Mr. Barry Somervail, VP of Sales and Business Development at Wanderport have been holding many separate meetings and conferences with principals of the US company to speed up the process.

"We are diligently working to ratifying this agreement as soon as possible. Due diligence indicates the US company is a terrific fit because they are leading distributors in the water heater industry with their own brand of water heaters and others, in addition to distributing other well known types of electrical appliances across North-America," said Richard Martel. "Management of the US company share in Wanderport's optimism, as they recognize the tremendous sales revenue impact the microwave energy tank-less water heater offers them. The main source of excitement for Wanderport is in the unique sales channels offered by the US distributor in that they are already well positioned to the market the product to their existing rural and rural and urban areas of the United States and, of course, Canada will follow," continued Mr. Martel.

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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