PR OUT
September 5, 2013 Clermont, FL - Wanderport Corporation (OTC Markets PINKSHEETS Trading Symbol: WDRP), Wanderport Corporation is delighted to provide this update to valued investors and interested parties:
Wanderport Corporation recognizes the need to continually inform the public of the product development progression concerning for the microwave tank-less water heater technology. Consequently, the company has come to the conclusion that the key to any chance of product production will stem from results obtained from independent Intertek laboratory performance efficiency testing of the unit?s heat engine. The results of these tests are crucial to answer questions pertaining to time frame, efficacy, value, price per share, share structure, , funding, partnerships, feasibility, component pricing and plan of action toward production. Granted, timelines have been surpassed and investor?s need for information increases with every delay making them a casualty of these circumstances. Consequently, the following scenario of what could be expected within the next 30 days or so is as follows:
Robert Simoneau, Wanderport?s Technical Advisor and Product Licensor stated, ?The unit?s box has been repaired but we ran into a new challenge while attaching the heat engine to the new drivers (transformers). The driver manufacturer has not only changed the form factor but has also changed some of the drive protection characteristics. The net result is that when the current water-cooled magnetrons are connected, the driver sees it as a load mismatch. This is puzzling because the driver manufacturer had confirmed that the new drivers were indeed compatible but has since changed this recommendation. We have flagged the issue citing the power protection "feature" and we have asked them to recommend an alternative model which I have unfortunately deemed unsuitable. I have worked to nail this down by asking the driver manufacturer to provide additional technical specifications on this new drive unit so that they may be matched to new and compatible magnetrons. The technical sheets have been transmitted to our magnetron supplier (Midea in China) in order for Midea to produce them and for eventual purchase by Wanderport. Needless to say, we are not a priority for the magnetron supplier therefore, because we do not receive their full cooperation, I am presently travelling to the magnetron facility in China to rekindle the relationship in order to ensure a timely and successful resolution. Given the esoteric nature of the device an acceptable alternative is almost impossible to source elsewhere for either the drivers or specifically designed water cooled magnetrons. Again, travel is taking place presently and required for approximately two weeks. Hopefully upon my return and pending any further delay, I am hoping the magnetrons production and shipping time is minimal to permit a swift assembly and rescheduling of Intertek testing as soon as possible?.
In accord with the Wanderport?s previous news release, Intertek testing has been "paid in full" and Intertek continues to graciously offer new tests in compensation for the previous flawed tests. For these reasons, Wanderport remains very optimistic and intent on completing testing as soon as the unit is confirmed ready. Wanderport Corporation is looking forward to announcing the rescheduled Intertek test dates as soon as confirmed.
About Intertek Group plc:
For more than 127 years, companies around the world have depended on Intertek to ensure the quality and safety of their products, processes and systems. Intertek helps companies to develop and maintain trust and integrity in their products and processes, delivering quality solutions that meet or exceed industry requirements and regulatory standards. Intertek holds extensive global accreditations, recognitions, and agreements allowing certification for virtually every market in the world. Intertek Group plc is a publicly listed company that trades on the London Stock Exchange. Intertek has more than 30,000 people in over 1,000 locations serving clients in more than 100 countries. In March 2012, Intertek Group reported annual revenue of over ?1.7 billion for the 2011 financial year and had a market capitalization of ?4 billion. For more information, please visit: www.intertek.com
About Wanderport Corporation:
Wanderport Corporation is a publicly traded company which acquired the global exclusive licensing, distribution and proprietary rights to a unique microwave energy tank-less water heater solution. The company has been dedicated to converting the technology into a marketable eco-friendly, efficient product. Wanderport?s objective is to build a sound and profitable company by marketing and distributing the world?s first revolutionary alternative to existing less-efficient water heating systems. The proprietary heat engine technology was the proud recipient of the 2005 TIPTA award (TCA; Toronto Construction Association, Innovative Product and Technology Award), awarded by the National Research Council of Canada recognizing excellence in product innovation and technology development.
Important Information About Forward-Looking Statements:
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. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. These statements are predictions and involve known and unknown risks, uncertainties and other factors, including the risk that Wanderport Corporation cannot execute its business plan for lack of capital or other resources, distribution, licensing/acquisition opportunities or internal partnering issues or restructuring/resignation which may modify existing licensing agreement, arrangements and/or contractual obligations, as well as the risks described in the periodic disclosure documents filed on OTCMarkets.com by Wanderport Corporation, copies of which are also available on the company's website. Any of these risks could cause Wanderport Corporation or its industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements in this press release. Except as required by applicable law, including the securities laws of the United States, Wanderport Corporation does not intend to update any of the forward-looking statements to conform these statements to actual results.
CONTACT: For further information, please consult Wanderport?s corporate website at: www.wanderportcorporation.net
Investor Relations: info@wanderportcorporation.net Telephone: +1 (352) 533-4801
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