SOURCE: WanderPort Corporation

March 08, 2010 08:00 ET

Wanderport Updates on US Distributor

NEW YORK, NY--(Marketwire - March 8, 2010) -  Wanderport Corp. (PINKSHEETS: WDRP) today released information relating to the American distributor with whom they recently signed a letter of intent.

The US marketplace consists of various sales and distribution channels from large "Do it yourself" retail stores, plumbing wholesalers to dealers and appliance distributors to name a few. Wanderport, however, is on the cusp of signing a sales and distribution agreement with one who best fills the gap between those market verticals and the American utility companies served by the Rural Electric Cooperatives.

Terms in the agreement should have provisions allowing the American firm to distribute the microwave energy tank-less water heater bearing their own private label brand water heater presently distributed throughout America's Rural Electric Cooperatives. They would also distribute under Wanderport's banner to the Coop, utility market as well as apartments and condominiums throughout America.

In addition to water heaters, the US distributor is also the exclusive US Midwest distributor for other products including heating solutions made by Convectair®, surge protectors, patio heaters, as well as garage and shop heaters.

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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