SOURCE: WanderPort Corporation

February 13, 2009 15:21 ET

Wanderport Corp. Unveils Plans for Recent Acquisition

NEW YORK, NY--(Marketwire - February 13, 2009) - Technology holding company Wanderport Corp. (PINKSHEETS: WDRP) announced that their new portfolio acquisition has already managed to strengthen Wanderport. The Company's latest move is in keeping with its overall strategy to purchase and invest in private technology companies that possess valuable intellectual property and patents/licenses.

As previously reported, Wanderport Corporation has purchased interests in an LED technology company whose R&D department have managed to develop a lighting technology far superior as to what is currently available on the market. Statistically, LED lighting tends to cut up to 80% of energy use and lasts much longer than regular incandescent or fluorescent bulbs. The lighting company intends to create a bulb that lasts up to ten years.

LEDs Magazine released an article reporting that Strategies Unlimited predicts that the LED industry is emerging from a slow growth phase, and that the total market size in 2012 will exceed $11 billion. "The market for packaged high-brightness LEDs is set to grow by 12% in 2008, according to a market update presented by Bob Steele at the 2008 Strategies in Light conference in Santa Clara, California. Steele said that the market grew by 9.5% in 2007 to reach $4.6 billion, somewhat higher than the 6% growth in 2005 and 2006. In the next five years, further acceleration in growth is expected as applications outside the mobile phone market come to the fore. Steele predicts a CAGR of 20% in the next five years, with a total market of $11.4 billion in 2012."

At this time the company of interest has made proper arrangements to be presented in this year's Light Fair International 2009 in New York City, bringing the company's progress and development into the spotlight; other companies in this field such as General Electric's Lighting Division and Philips will be attending this event as well. The company has also managed to receive proposals from Panama and Mexico City concerning urban lighting projects.

As stated in the past, our country's new administration has made reforming our energy infrastructure an important priority. As part of their plan, they want to create up to 5 million new "Green" collar jobs by strategically investing $150 billion over the next ten years into this rapidly growing industry. We believe that by seeking out and reviewing these companies and their offerings, there are many great opportunities for investment within these organizations.

The company still believes that pursuing these opportunities will strengthen its position within other companies and lead Wanderport Corp. to improved long-term success and profitability during these challenging economic circumstances. Wanderport Corp. has opened a temporary new website at www.wanderportcorporation.com which contains all company information as well as all updated contact information.

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.

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