SANTA MONICA, CA--(Marketwired - Oct 6, 2016) - Wanderport Corporation (OTC: WDRP), a premier distributor of food, beverages and consumer products, announces the appointment of interim CEO and corporate updates.
To pursue other personal interests, Mr. Eric Brown has resigned as the Company's Chief Executive Officer. The Company's board of directors has accepted Mr. Brown's resignation and subsequently appointed Ms. Anna Seidman as the Company's interim CEO.
In conjunction with its change of management, the Company has also implemented a few changes to its business model. As previously stated, management has assessed past performance and decided to discontinue the selling of slow moving and low margin products. As a result, the Company will launch two new e-commerce websites in the next few weeks to sell hemp infused coffee and cannabidiol (CBD) infused vape e-juices and tinctures.
Wanderport's coffee beans are premium beans sourced from Central and South America. They will be marketed under the brand of Sapa Coffee™. The initial product line will consist of three flavors, Colombian, Hazelnut and French Vanilla. These products will be sold through wholesale, retail and online channels. Bulk hemp coffee will also be available for co-packing and private labeling.
To meet the strong market demand, Wanderport will also offer a line of CBD infused vape e-juices and tinctures. The line will initially consist of approximately a dozen flavors. The products will be available in varying CBD amount ranging from 50 mg to 300 mg.
"I am excited to be part of Wanderport as it transitions into its new growth phase. We have received overwhelming positive response to our sample hemp coffee and are optimistic that this product will sell well," said Anna Seidman, CEO of Wanderport Corporation.
Based on market research, the global Vaporizer and E-Cigarette market is projected to grow at a CAGR of about 22% over the next decade to reach approximately $53.8 billion by 2025.
"We are equally optimistic in the market potential of our CBD e-juices and tinctures and are eager to offer our products to the masses," added Seidman.
About Wanderport Corporation
Wanderport Corporation is a premier distributor of food, beverages and consumer products. For more information, visit us at http://www.wanderportcorp.com.
Online Store: www.wanderportstore.com
Statements made herein 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. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.