0006 (3.90%) @ 4:12PM
Wanderport Discloses Financial Projections From USA Distributor
WANDERPORT CORP (OTC) (USOTC:WDRP)
Historical Stock Chart
3 Months : March 2010 to June 2010
Wanderport Corp. (PINKSHEETS: WDRP) announced today revenue projection commitments made by its US distributor, Utility Marketing Concepts, Inc. (UMC).
UMC's revenue projections are based on association marketing. That is, strong positioning in any niche markets through its association with the electric utilities and especially coops. UMC finds a utility that provides incentives or rebates that favor homeowners and encourages them to use energy efficient appliances. Electric utilities reach virtually every household in the United States and, most if not all (98%), have a water heater. The split is about 50% electric and 50% gas/propane. Because the utility promotes their incentive based on electric products, it therefore alerts their customers (UMC's target market) to the product or water heater that carries the best rebate or incentive. UMC will, in effect, use the coop to promote the microwave energy tank-less water heater which allows UMC to feed off their advertising and promotion to these niche markets which UMC expects to reach. Examples include apartments, fast-food and dairy industries to name a few. Consequently, market entry through the utilities while focusing on the coops informs all these niche markets about our product without requiring enormous marketing expenditures and offers access to all users of electricity in America. UMC's average US revenue forecasts for the next five years totals roughly 530,000 units at approximately $450 per unit for total revenue of $238,050,000 USD. According to UMC, this is a very conservative estimate not including other market verticals in the United States or Canada such as; hardware retail chains and residential housing, as well as a host of secondary sales channels and international markets offered to Wanderport through other possible US distributor agreements.
"Our initial problem will be supply. We need to be prepared for production of 100,000 units per quarter before our first available inventory is out the door," said Mr. Dave Myers, President of Utility Marketing Concepts.
"These revenue projections are staggering and emphasize the importance of successfully completing Phase II of Wanderport's plan of action towards market entry which is currently underway. It remains the company's main objective in attaining these financial returns," stated Mr. Richard Martel, President and CEO of Wanderport Corporation.
About Utility Marketing Concepts (UMC): UMC began as a distributor to the Rural Electric Cooperatives in 1985 and eventually partnered with State Industries to manufacture its well known, dependable and competitively priced water heater to meet the growing demands of the Rural Electric Cooperatives and Utilities Market. The rural electric utilities furnish roughly 40 percent of the electricity to the households in the USA. Together UMC and State Water Heaters developed the Freedom Brand water heater currently exclusively distributed to the Rural Electric Cooperatives and Utilities Market. For more information please visit: www.utilitymc.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 innovation in product
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