Thursday, October 28, 2010 7:52:36 PM
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.
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