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Wanderport Corporation: Wanderport Signs Letter of Intent With Winstock Ecovia International to Participate in the Launch of Th

^{Published on 2009-06-04 06:13:50, Last Modified on 2009-06-04 06:14:27 - Market Wire}
 

NEW YORK, NY--(Marketwire - June 4, 2009) - Wanderport Corp. (PINKSHEETS: [ WDRP ]) announced the signing of a letter of intent with Winstock Ecovia International to participate in the launch of the "Ecovia" Electric Vehicle commencing with the Asian Market.

According to the company, Wanderport will participate in the ownership of Winstock Ecovia International and provide management to help in the deployment of their Vehicle code named "Ecovia." The company expects to sign a definitive agreement on or before June 9, 2009 which would provide Wanderport with participation in the market development in Asia and further benefits from hereon.

"We could not pass this opportunity by. Asia, furthermore China, is poised to be the next powerhouse in the automotive industry and specifically the Electric Vehicles," said Barry Somervail, President of Wanderport. "We were all amazed when Warren Buffet recently announced his $230 million investment in Chinese based Electric Vehicle company BYD for 10% of its ownership and therefore when the Ecovia project was made available to us, we had to act fast," further added Barry Somervail.

About Wanderport Corp.

Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology. The areas of interest are primary, alternative renewable energy, energy saving, and products, which help reduce America's dependence to foreign oil such as electric vehicles.

Forward-looking Statement:

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.