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Wanderport Corporation: Wanderport Signs a Letter of Intent to Acquire the Exclusive Rights to Pulsar Revolutionary Water Heate

^{Published on 2009-07-13 04:11:13, Last Modified on 2009-07-13 04:11:19 - Market Wire}
 

NEW YORK, NY--(Marketwire - July 13, 2009) - Wanderport Corp. (PINKSHEETS: [ WDRP ]) announced the signing of a letter of intent with Pulsar Advanced Technologies Inc. to acquire the exclusive global development, licensing and distribution rights to Pulsar's revolutionary water heater technology.

Keeping with Wanderport's investment philosophy of focusing its efforts on "Green" technology such as its recent deals with LED and Electric Vehicle companies, Wanderport now turns to the preservation of water and energy efficient water heater technology. In addition to a substantial investment, Wanderport will acquire the global exclusive rights to the water heater technology and market the products through local distributors. The company expects to sign a definitive agreement on or before July 23, 2009.

"Pulsar's advanced water heating capability is based on an innovative microwave technology and is 90% more efficient than traditional water heater tanks providing on-demand hot water, resulting in the preservation of water and a significant decrease in energy usage," said Barry Somervail, President and CEO of Wanderport. "A global market established at several billion dollars will now have a solution that not only reduces energy consumption but also saves clean drinking water from waste. We intend to aggressively market the solution worldwide," further added Mr. Somervail.

About Wanderport Corporation.

Wanderport Corporation is a holding and business development company specializing in the investment and deployment of environmentally friendly technology such as, primary alternative renewable energy and energy saving products like electric vehicles which reduce global dependence on oil.

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.

For more info, See: [ www.wanderportcorporation.com ]