SOURCE: WanderPort Corporation

March 02, 2010 15:00 ET

Wanderport Corporation -- Bring on the USA

NEW YORK, NY--(Marketwire - March 2, 2010) -  Wanderport Corp. (PINKSHEETS: WDRP) announced today that it has signed a letter of intent for a sales and purchase agreement with a distributor in the United States of America.

The American market represents approximately half the world's water heater sales and as such, this letter of intent is another significant achievement towards asserting Wanderport's position as a major player in the global water heater industry.

Wanderport is currently concluding the final details with the US water heater distributor and expects to close a definitive sale and purchase agreement on or before March 19th, 2010.

"The timing of our involvement with the American market could not be better in view of the Department of Energy's recent announcement concerning new Energy Star® criteria for the US water heater industry," stated Richard Martel, Wanderport's President and CEO. "The company is fervently intent on providing our US distributor with our pre-launch unit in order to conclude third party comparables of our microwave energy tank-less water heater in relation to other existing products and new Energy Star® standard. The comparables are to be used by our distributors for marketing purposes," Mr. Martel continued.

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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