American Distributor Boosts Revenue Commitment

NEW YORK, July 28, 2011 /PRNewswire/ -- Wanderport Corp. (OTC MARKETS-PINKSHEETS: WDRP) today announced a new re-affirmed "Definitive Agreement" commitment for specific market segments and verticals within the United States, with Utility Marketing International Inc. (UMI), formerly Utility Marketing Concepts (UMC).

On July 1st, 2011, Mr. Robert Simoneau, Wanderport Corporation's Technical Advisor and Product Licensor, and Mr. Dave Myers, President of UMI, attended meetings held at Underwriter's Laboratories' (UL®) offices in New York City. The purpose of the meeting was to discuss safety considerations for the upcoming multi-cavity on demand microwave energy tank-less water heater (MCMHU). Both, Mr. Simoneau and Mr. Myers also took the opportunity to discuss the MCMHU's current market potential.

A picture of Mr. Simoneau and Mr. Myers together at Underwriter's Laboratories' (UL®) offices in New York can be viewed by visiting www.otcmarkets.com, by entering Wanderport Corporation's symbol (WDRP) and choosing the "Financials" tab, then selecting Exhibit "K."

Wanderport is delighted to announce UMI's new re-affirmation of its commitment and continued enthusiasm for Wanderport's product offering. UMI's new "Definitive Agreement" includes revised projected revenue commitments which can be interpreted as follows:  

The sum of each year's mean average of best and worst case scenarios unit sales (692,500 units), multiplied by an approximate unit cost to distributors of $450 (USD) for a total of $277,000,000 (USD) in projected revenue over five years, which indicates a significantly increased revenue commitment of $39 million in the near, medium and long term future of the company. "Meeting with Robert and UL® reinforced my belief in the technology and the product's relevance in today's marketplace, as we have a new sense of urgency in getting this to market without delay," said Mr. Myers.

"We obviously value Dave's years of experience, contacts and dedication that he brings to Wanderport, as our main US distributor. Now that we have renewed one another's commitment, we hope to count on a very long and lucrative relationship as we approach commercialization," added Mr. Richard Martel, Wanderport's President and CEO.

Calculations were based on a unit cost to distributor of approximately $450 (USD) per unit (not fixed and subject to change to reflect various factors such as product, application, solution economies of scale or model specifications, etc., in part of ongoing costing exercises in cooperation with our distributors, developers, suppliers and manufacturers).

UMI's "Definitive Agreement" can be viewed by visiting www.otcmarkets.com and entering Wanderport Corporation's symbol (WDRP), then choosing the "Financials" tab and selecting Exhibit "J."

About Utility Marketing International Inc. (UMI) Formerly 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 "freedom" brand water heater exclusively distributed to the Rural Electric Cooperatives and Utilities Market. The rural electric utilities furnish roughly 40 percent of the electricity to the households in the USA. For more information please visit: www.utilitymc.com

About Wanderport Corporation:

Wanderport Corporation holds the worldwide rights to the microwave energy tank-less water heater technology through its exclusive Licensing agreement. The technology's founding company, Pulsar Advanced Technologies Inc. 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 for the microwave energy tank-less water heater. Since then, Wanderport Corporation acquired the exclusive rights retained by its Inventor and Licensor Mr. Robert Simoneau also acting as Wanderport's Technical Advisor. Wanderport Corporation remains focused on developing business, making investments and acquiring licenses of products and technologies that deploy "Green" environmentally friendly alternatives, which reduce water and energy consumption as well as global dependence on oil.

Important Information About Forward-Looking Statements:

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.  

Visit Wanderport Corporation at: www.wanderport-ir.com  
Email Contact: [email protected]  
Telephone: +1 (352) 533-4801

SOURCE Wanderport Corporation