Wanderport Corp.
(PINKSHEETS: WDRP) today confirmed the signing of a definitive agreement with
Design 1st Inc. two weeks ahead of the scheduled November 10th, 2010 deadline,
to produce and obtain optimum results from the heat exchanger configuration
within a characterization of a single cavity microwave energy tank-less water
heater.
According to the agreement, the defined timeline allotment and budget cost fall
well within Wanderport's objectives and therefore, improve the likelihood of
completing the product within the estimated timeframe of fourth quarter 2010.
Wanderport's regular communication with Design 1st Inc. will hasten timeline
updates and facilitate a more precise timetable schedule, which will be amended
and reported accordingly. Wanderport Corporation anticipates no increase in
total shares outstanding to finance the cost this contractual burden, as funds
have been set aside privately and a percentage should be recovered through a
Canadian government research and development subsidy program.
Design 1st Inc. has appointed Mr. Ian D. Kayser as Project Manager to oversee
the successful comple tion of the pre-production unit. Spearheading the
assignment is Mr. Bruno Zoccali, an expert in thermal dynamics and custom
cooling/ventilation products. A partial list of Mr. Zoccali's previous clients
includes Hydro-Quebec, IBM Canada, Scientific Atlanta (Cisco), Positron, Rolls
Royce GTE, Dectron, Flomerics, CAE, and Elcan (Raytheon) to name a few.
"Working with Design 1st Inc. is certainly accelerating the process leading to
our end product and provides a premise for converging opinions, that I felt was
needed to corroborate my results," stated Mr. Robert Simoneau, Wanderport
Corporation's Technical Advisor and product Licensor. "Our USA distributor, Mr.
Dave Myers, President of Utility Marketing Concepts Inc., has also expressed his
delight in the opportunity to communicate product efficiency requirements for
his market to Design 1st Inc.," added Mr. Simoneau.
"We now have an entourage of engineering and industry professionals working
together to complete our product," said Richard Martel, CEO of Wanderport
Corporation. I just can't help being excited for the future of the company and
its valued investors because the final production phase is in view and the
corporation's enormous growth potential is already locked up globally through
its distributors," concluded Mr. Martel.
About Design 1st Inc.: Design 1st Inc. is based in Ottawa, Ontario, Canada, with
offices in Toronto, Montreal, Vancouver, Boston and Los Angeles. The company's
product development experts are some of Canada's most accomplished, with 25
years experience in mechanical engineering and product development, as well as
cost effective solutions and pre-production unit development. For more
information, please visit Design 1st Inc. at: www.Design1st.com.
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 product
innovation and technology development for the 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.
Visit Wanderport Corporation at: www.wanderport-ir.com.
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