SOURCE: WanderPort Corporation

June 16, 2009 09:00 ET

Wanderport Closes Definitive Agreement With Winstock Ecovia International and Becomes a Partner in the Launch of the Newest Chinese "Ecovia" Electric Vehicle

NEW YORK, NY--(Marketwire - June 16, 2009) - Wanderport Corp. (PINKSHEETS: WDRP) announced today that it has closed on the definitive agreement with privately held Winstock Ecovia International and becomes a significant shareholder and will actively participate in the launch of the newest Chinese "Ecovia" Electric Vehicle.

According to the company, Wanderport now owns 5% of Winstock Ecovia International, a participation in a company valued at $32.5 million USD. The agreement enables the company to actively participate in the ownership of Winstock Ecovia and provide management to help in the deployment of the newest Chinese Electric Vehicle code named "Ecovia."

"The initial investment already spent on the launch of the new project 'Ecovia' electric vehicle amounts to over $30 million USD and we are anxiously awaiting its deployment on an international scale," said Barry Somervail, President of Wanderport. "Mr. Buffet's $230 million investment in BYD has made its way through the world media in seconds, but we expect our transaction to continue to be covered in world media and related to a featured article in the New York Times highlighting the shift to electric cars in China. Our focus on the Asian Market shall have a great impact on the growth of our company," further added Barry Somervail.

About Wanderport Corp.

Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology. The areas of interest are primary, alternative renewable energy, energy saving, and products, which held reduce America's dependence to foreign oil such as electric vehicles.

Forward-looking Statement:

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.

Contact Information

  • For more info, contact:
    Spoke Investor Relations Services
    WDRP@Spoke-IR.com
    +1 (647) 351-7477 (SIRS)