SOURCE: WanderPort Corporation

February 22, 2010 08:19 ET

Wanderport Signs Agreement to Supply Turkey and the Middle East, Worth $11m Over Five Years

NEW YORK, NY--(Marketwire - February 22, 2010) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has signed a definitive sales and distribution agreement to supply Turkey and the middle East with Wanderport's microwave energy tank-less water heater.

Deltoid Enerji, Ltd. of Istanbul Turkey is a manufacturer/distributor of various energy savings applications including LED-based lighting systems. Deltoid's main market is Turkey's residential and commercial Utilities market as well as the Apartment Tourism and Hotel segments of the very popular Dubai and Abu Dhabi regions of United Arab Emirates as well as The Kingdom of Saudi Arabia.

From a population of approximately 71 million, Turkey's annual water heater sales are roughly 1.5 million units. Deltoid's projected commitment is roughly 25,300 units within a five year period equivalent to $11,385,000 USD in revenue, which is very conservative as it does not take into consideration regions of Dubai and Abu Dhabi of The United Arab Emirates and The Kingdom of Saudi Arabia.

"Market introduction will be multidirectional, that is, we will use our existing distribution channel through local agents and retail shops as well as hotel and holiday industry. We will also carry Wanderport's eventual commercial grade microwave energy tank-less water heater application," said Dr. Muhyettin Sirer, General Manager at Deltoid Enerji Ltd. "Some of Turkey's larger manufacturer/installers include the likes of Arcelik, Dermirdokum, AEG and Vestel and we have regular access to them by way of existing sales channels and a presence at five major building/construction trade shows held in Turkey on a yearly basis."

"It amazes me to see this kind of enormous growth opportunity we are dealing with here. Business opportunities this grandiose are rare and with a pre-production unit on the way, Wanderport is quickly moving closer to its goal of obtaining one percent of the global 10 billion dollar industry," said Richard Martel, President and CEO of Wanderport.

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.

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