NEW YORK, NY, Feb 03, 2010 (MARKETWIRE via COMTEX) -- Wanderport Corp. (PINKSHEETS: WDRP) today released its strategic plan of action towards the deployment of its innovative microwave energy tank-less water heater. The strategic plan is divided into five key elements namely; management and corporate re- structuring, share structure, product development, target market, as well as sales and distribution. Management
The company has effectively completed a change in President and CEO adding a seasoned entrepreneur at the helm. As well, there is a new corporate headquarters and VP of Sales. This new management team along with the Head of Technical Research and Product Development advisor will undoubtedly be focused on the successful development of the company and the creation of sustainable shareholders value.
Share Structure
As of this date, the total outstanding shares are 711,100,100. Wanderport does not foresee any short term changes to share structure including reverse or forward split unless under the review and advice of legal counsel or transfer agent.
Product Development
The Pulsar microwave energy tank-less water heater consists of three key components specifically; circuit boards, water cooled magnetrons and controllers.
-- Circuit board manufacturer has been chosen and the company is currently evaluating specifications and deliverables. -- The water cooled magnetron manufacturer should be announced in the near future, as negotiations were undertaken during a recent trip to Asia by the Head of Technical Research and Product Development. -- Wanderport also estimates the controller manufacturer to be in place in March 2010 as the company reviews final tenders.
Target Market The two main target markets are the consumer and industrial segments. The consumer market consists of new homes and condominiums as well as their renovations. The industrial market is focused on various industrial applications including fast food and restaurant sanitation, fruit and vegetable food processing, hotel shower and laundry facilities, as well as numerous associations and facilities such as campgrounds all over the world.
Sales and Distribution
Wanderport is launching a formal global sales and distribution network. Sales agreements will have average two to five year terms and include sales and purchase commitments with the obligation to develop a territory and/or domestic market. "Our industry may not have the hype of others but we definitely possess a limitless market share potential through which we will actively create shareholder value based on strong sales fundamentals. American water heater annual purchases alone represent an enormous eight billion dollar industry. Our objective is to obtain at least one percent ($80,000,000) of the market between the first and second year," said Richard Martel, President and CEO.
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.
Contact Wanderport Corporation at: For more information: www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917) 338-7957
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Wanderport Signs Multi-Year Australian Distribution Agreement Valued at $50 Million NEW YORK, NY -- (Marketwire) -- 02/12/10 --
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has concluded a definitive sales and distribution agreement with Gavin Ovens Holdings PTY LTD., a leading international group specialized and certified in water treatment located in New South Wales Australia.
The sales agreement primarily involves Australia and New Zealand and is signed for a 5 year term. Sales commitments are being reviewed and negotiated but preliminary estimates are in the area of 10,000 units within the first year and the aggregate sales are valued at $50 million over a period of 5 years. This agreement is perfectly timed to coincide with Australia's new hot water strategy which began July 1st, 2009 to develop strategies to limit water and energy consumption by focusing specifically on improved water heater performance efficiency.
"The water heater industry in Australia is primed for Wanderport's cutting edge microwave energy water heater technology which we believe will dramatically change an industry heavily lacking in innovation," said Mr.
Gavin Ovens, President and CEO of Gavin Ovens Holdings PTY LTD.
"We are very fortunate to be associated with Gavin Ovens Holdings PTY LTD.
They are true professionals in water treatment and as such, will definitely synergize Wanderport with Australia's water waste management strategy. This sales agreement will undoubtedly assure us a large portion of the Australian water heater marketplace and create remarkable growth for Wanderport and its investors," stated 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.
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.
Contact Wanderport Corporation at: For more information: www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917) 338-7957
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posted
This is a good stock to follow IMO. They might be within a couple months of releasing news about an actual water heater. PR came out this week. Closed yesterday at .05
-------------------- Only ONE good stock away from retirement!
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