SOURCE: WanderPort Corporation

February 23, 2010 14:52 ET

Wanderport Retires 130 Million Shares

NEW YORK, NY--(Marketwire - February 23, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it is retiring 130 million shares to treasury.

According to the company, management has returned 30 million shares and another 100 million shares, which were respectively issued for pending transactions. The shares have also been returned to treasury.

"The cancelling of 130 million shares not only reduces dilution to shareholders but also continues our effort to create sustainable shareholder value," said Richard Martel, President and CEO of Wanderport Corporation. "It is our intent to utilize every possible tool to increase the value of our company for our shareholders and a reduction in total outstanding shares is one action taken towards that end," added Mr. Martel.

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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