SOURCE: WanderPort Corporation

March 04, 2010 09:06 ET

Wanderport Provides Clarification to Shareholders

NEW YORK, NY--(Marketwire - March 4, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today provided clarification concerning recent increased speculation and fluctuations in current share price.

There has been recent speculation over Wanderport Corporation's past business developments over the last few years. Just like any non-shell company, Wanderport had dabbled into various businesses, as evidenced in the company's consolidated financial statements reported in its Initial Company Information and Disclosure Statement of September 30th, 2009 on, under the "filings" tab. As well, in its quest to become a holding of licenses premised on "Green energy saving" technologies, the company attempted to make investments in the LED lighting and an electric vehicle company. Those transactions were never consummated, hence a portion of the shares to be returned to treasury for cancellation. In the end, the company is very fortunate not to have completed those transactions because its microwave energy tank-less water heater technology was presented soon-after. Under no circumstances, however, should there be any suggestion that Wanderport Corporation be confused with a private company, now believed to be defunct, once operating under the name of Wanderport Wireless. Management has not completed any formal business relationship or transaction with this private company.

Speculation and News Flow
Evidently, there is much speculation surrounding Wanderport Corporation of late, due to many recently released news announcements concerning the progress of the company. Speculation also brings with it situations where the company's stock price can be perceived to be victimized by many short positions. Wanderport's remedy is simply continued focus on product development which will eventually free it from these perceived short positions. Management affirms the news has been announced in accordance to achievement based on our methodical plan of action that needs to be followed regardless of pressure from growing expectations and stock price. Valued shareholders must understand that a product launch of this nature requires a sustained detailed approach. Management believes that its distributors under contract should have priority to receive all technical specifications prior to any other individual or group. Reason being, distributors are contractually obligated by their signed enforceable non-circumvent, non-disclosure and non-compete clauses contained within their distribution agreements. These measures are in place to protect the company's shareholders value and greatest asset being its licensed proprietary technology. The company hopes to provide further updates related to progress with our pre-launch unit destined for distributors in the coming weeks and US contract. Therein lays Wanderport's main focus.

Particulars Notes:
The company confirms it is in the process of returning 130 million shares to treasury as announced.
-The company has not increased the number of outstanding shares since August 2009, but has rendered the share structure more accurate and effectively reduced the number of total outstanding shares. Wanderport is hoping to update its Company Financial Information and Disclosure Statement in the near future.
-Due to an inordinate number of calls and queries, the company now has an improved telephone system and new number that will allow a more organized and efficient follow-up. Wanderport will make every effort possible to return calls and emailed inquiries in the coming days. The company apologizes for any inconvenience this may have caused.

About Wanderport Corporation: Wanderport Corporation, a Delaware company, 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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