SOURCE: WanderPort Corporation

March 22, 2010 08:00 ET

Wanderport Concludes US Distribution Agreement

NEW YORK, NY--(Marketwire - March 22, 2010) -  Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has concluded a definitive sales and distribution agreement with Utility Marketing Concepts, Inc. (UMC), a company based in Fort Wayne, Indiana, specialized in providing Rural Electric Cooperatives and Electric Utilities high quality, competitively priced, energy efficient water heaters and other products.

Wanderport's sales and distribution agreement with UMC has a five year term and primarily encompasses the utilities and apartment segments within the United States. Wanderport believed it necessary to seek an established company capable of assisting market entry, not only in its capacity as a distributor but also as Wanderport's strategic partner. In meeting the standards set forth by the Utilities and Co-op markets, management feels this will create credibility and a stable foothold to pursue a slew of other market verticals in North America. UMC has already approached some of their long-standing business associates in the water heater industry in Canada and the USA. These companies possess assembly facilities and have already offered their services for product assembly and component financing if required. Other available services include product certification towards market entry and the completion of comparable studies measuring Wanderport's microwave energy technology against other brands of tank-less and storage tank water heaters for marketing purposes. Wanderport will also benefit from UMC's vast experience in pricing and marketing strategies, as well as establishing liability insurance protection policies and providing excellent installation and warranty service to customers.

"We look forward to receiving our pre-launch units, so that we may utilize our expertise and solid business relationships to assist Wanderport in obtaining product UL and other necessary certifications and approvals," stated Dave Myers, President of UMC. "Since 1985 we have established our Freedom Brand water heater and built a reputation on efficient service, quality and dependability. Our agreement with Wanderport enables us to anticipate an immense competitive advantage over other water heater brands, as we expect to introduce a new breed of Freedom tank-less water heaters functioning with Wanderport's cutting edge microwave energy technology," continued Mr. Myers.

"The idea of tank-less water heaters is relatively new in North America in comparison to other parts of the world. Therefore, the introduction of Wanderport's innovative product through regular unsupported retail chains and channels seemed a bit risky. Hence, we preferred an approach involving the tactical sales and installations support from an established niche distributor to begin Phase II of our plan towards market introduction and long term profitability," stated Richard Martel, President and CEO of Wanderport.

About Utility Marketing Concepts (UMC): UMC began as a distributor to the Rural Electric Cooperatives in 1985 and eventually partnered with State Industries, to manufacture its well known dependable and competitively priced water heater to meet the growing demands of the Rural Electric Cooperatives and Utilities Market. The rural electric utilities furnish roughly 40 percent of the electricity to the households in the USA. Together UMC and State Water Heaters developed the Freedom Brand water heater currently exclusively distributed to the Rural Electric Cooperatives and Utilities Market. For more information please visit: www.utilitymc.com

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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