SOURCE: WanderPort Corporation

January 13, 2011 08:00 ET

Wanderport Provides Revenue per Share Estimate and Corporate Strategy

NEW YORK, NY--(Marketwire - January 13, 2011) - Wanderport Corp. (PINKSHEETS: WDRP) today provided its revenue per share estimate, milestones and corporate strategy to market their innovative microwave energy tankless water heater.

Milestones and Strategy to UL Approval

  • In June 2010, Wanderport's Licensor filed an additional patent application pertaining to a unique heat exchanger specifically designed for Wanderport's microwave energy tankless water heater.
  • On October 28, 2010, the company's Technical Advisor and product licensor, Mr. Robert Simoneau and/or corporate nominee), hired Design 1st Inc. to assist the engineering of the heat exchanger and completion of the water heater. Wanderport holds the products exclusive rights through its licensing agreement with Mr. Simoneau and/or corporate nominee thus, said engineering agreement is signed on Wanderport's behalf.
  • Wanderport is delighted by its recent accomplishment of determining the proper dimensions for the heat exchanger chamber. This allows the company to fulfill its next engineering milestone which will be to assemble the heat exchanger with those dimensions. The eventual pre-production unit or prototype will follow in a relatively short time frame. Soon after, anticipated efficiency claims and specifications will then be ascertained. Timeline for the unit's completion will depend on the required time to produce the heat exchanger according to the new dimensions and further instruction from Mr. Simoneau who returns from his travels to Asia January 14th, 2011.
  • Succeeding a pre-production unit, Wanderport shall seek UL approval and other necessary certifications with the assistance of their US distributor, Utilities Marketing Concepts (UMC). UMC's involvement will definitely accelerate the process. Wanderport values its distribution agreement with UMC and prefers to define the relationship as a flourishing joint venture where UMC has already prepared marketing channels and designed installation kits for the product as well as, sourced US manufacturers willing to finance components for a first full production run which Wanderport hopes to begin this year.

Clarification & Financing:

  • Canadian government grants are not a necessity but rather another option to recoup cash without diluting shares outstanding.
  • Mr. Simoneau's intention is not to entertain a share sell-off when shares become free trading in fall 2011. Said shares could provide an alternate financing instrument at a higher price to cover additional production and marketing costs not covered by the manufacturer who will be financing components during the company's production run. This should reduce the need to increase shares outstanding and protects shareholder value while maximizing production.

Signed Purchasing/Distribution Agreements with Five Year Projections (distributor's unit cost of approx. USD$450/unit):

  • Australia's Gavin Ovens Holdings PTY LTD. has projected purchase commitments of roughly $124,656,810 USD over five years.
  • Italy's Geo Solis di Terziani A & C. s.a.s. has projected purchase commitments of roughly $46,665,000 USD over five years.
  • Turkish distributor ESS Enerji Ltd. (Energy Saving Systems replaced the previous agreement with Deltoid Enerji Ltd.) has projected purchase commitments of roughly $56,925,000 USD over five years.
  • Eastern-Europe's Ovaks Ltd. of Belarus has projected purchase commitments of roughly $27,900,000 over five years.
  • The United States-Utilities Marketing Concepts (UMC), has projected purchase commitments of roughly 530,000 units totaling $238,050,000 over five years. This Revenue is based solely on niche markets such as apartments and condominiums with emphasis on electric utilities and coops. UMC's agreement leaves the door wide open to entertain distributors in other geographic locations within the United States and to explore supplementary market verticals such as; commercial applications, hardware retail chains and residential housing, as well as, a host of secondary sales channels globally and within the US and Canada.
  • Wanderport continues to entertain proposals from distributors globally as preliminary introductions are underway between companies in the US, Canada, South Korea, and parts of South America in addition to receipt of a letter of intent from a Swiss group.

Revenue per Share
Presently, the number of total outstanding shares is 642,500,940 and projected total revenue is USD $494,196,810 over five years. This translates to revenue per share estimates of USD $0.77 over that same period. At a multiple of five, revenue per share then becomes equivalent to USD $3.85 representing a fair and sustainable shareholder value. "Revenue per share estimates are strong indicators of a company's impact on its industry," said Wanderport's CEO, Richard Martel. "We believe Robert Simoneau and Design 1st Inc. could complete Robert's vision of the pre-production unit within the first quarter 2011 and perhaps a market enabling product within 2011. We are also of the opinion that our product's technological advantage can swiftly catapult us to 'major player' status in the water heater industry and make us an irresistible candidate for a beefy buyout offer which could be somewhat difficult to resist," continued Mr. Martel.

About Design 1st Inc.: Design 1st Inc. is based in Ottawa Ontario, Canada, with offices in Toronto, Montreal, Vancouver, Boston and Los Angeles. The company's product development experts are some of Canada's most accomplished, with 25 years experience in cost effective solutions and pre-production unit development. For more information, please visit Design 1st Inc. at: www.Design1st.com.

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 "freedom" brand water heater exclusively distributed to the Rural Electric Cooperatives and Utilities Market. The rural electric utilities furnish roughly 40 percent of the electricity to the households in the USA. For more information please visit: www.utilitymc.com

About Wanderport Corporation: Wanderport Corporation holds the rights to Pulsar's microwave energy tank-less water heater through its exclusive Licensing agreement. 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 product innovation and technology development for the microwave energy tank-less water heater. Wanderport Corporation is a business development company making investments and acquiring licenses of products and technologies that deploy "Green" environmentally friendly alternatives which reduce water and energy consumption as well as global dependence on oil.

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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