SOURCE: WanderPort Corporation

May 17, 2011 07:00 ET

Wanderport's Unique Single Cavity Microwave Energy Tank-Less Water Heater Assembly Complete and Undergoing Trials

NEW YORK, NY--(Marketwire - May 17, 2011) - Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has received its unique single cavity microwave energy tank-less water (MHU) from their hired team of engineers. The company believes the MHU is the first of its kind and confirms it has completed all the necessary wiring enabling the commencement of trials.

"Wanderport investors should share in our pride and exhilaration knowing how far we have come," said Richard Martel, Wanderport's President and CEO. "Our functioning unit will now enable us to draw caparisons between our innovative technology alongside other existing applications and according to preliminary tests we are very optimistic moving forward. "The company's existing worldwide distribution network should make earning our share of the enormous water heater marketplace a great deal easier seeing that they have confidently provided combined, five year revenue projections of nearly $494,000,000 USD," further commented Mr. Martel.

The completed MHU measures 12" x 12" x 10" (subject to change) and can be seen in the accompanying Exhibit "G" or by choosing the "Financials" tab in the "Supplemental Exhibit "G" filed by Wanderport Corporation (WDRP) on www.otcmarkets.com. That said however, the expected production model should have a more refined structure, as it will be designed for both esthetics and functionality depending on its application.

"I am very pleased that our engineering partners have accurately executed our plan and I am impressed with their attention to detailed quality workmanship. As our appraisal of the functioning SC MHU comes to an end, their support and continued business relationship shall play an enormous role in Wanderport's work on a Multi-Cavity MHU (MC MHU) and initiation of Phase III toward production," commented Mr. Robert Simoneau, Wanderport's Technical Advisor and product Licensor.

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.

Visit Wanderport Corporation at: www.wanderport-ir.com

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