NEW YORK, April 29, 2011 /PRNewswire/ -- Wanderport Corp. (PINKSHEETS: WDRP) today issued the following open letter to shareholders of Wanderport Corporation:
Dear Valued Shareholders,
I am delighted to issue this letter in order to address the overwhelming number of comments and concerns, as well as requests for information recently received.
This letter is not meant to promote or entice people to purchase the company's stock but more as a courtesy to our "Long" investors and a simple effort to show transparency. May I also point out that we recently filed our Disclosure and Quarterly financial statements (period ending March 31, 2011), thereby, maintaining our "OTC Current Information" status on OTCmarkets.com.
Investors may feel that on occasion, the company's recent news releases seem a tad inconclusive. As principals of the company, we share your high expectations and concerns of underachievement, after all, the MHU REMAINS incomparable in today's marketplace and our vested interest and commitment to its realization increases daily (without dilution). That said, having seen and discussed the progression and advancements of the MHU made by our team of engineers, I am vehemently looking forward to providing proof of a working prototype and as a result, building a tremendous future for the company.
Due to the speculative nature of the company however, periods without news may seem long and sometimes create insecurity among investors. It is very challenging to earn and maintain credibility in the public avenue while making every effort to cut costs and deliver according to estimated timelines provided by the company. We understand the frustrations manifested by investors when said timelines are surpassed. However, please note, that these timelines are provided as a courtesy and are considered "expected or approximate" dates and NOT DEADLINES. Furthermore, accusations of purposely holding back information with some ulterior motive are totally ludicrous and unfounded. Rest assured we would not have funded engineering costs and more recent "current OTC filings" if it were the case. Although admittedly, there is a lack of news of late and we will commence news releases accentuating the company's recent achievements and further steps toward a market enabling product. Most companies call it an "awareness Campaign". As Wanderport approaches the end of Phase II (prototype) and moves to Phase III (a first production run) it will be easier to release news with more regularity due to the availability of more tangible newsworthy information, which should result in increased momentum for our share price throughout the balance of the year.
On a final note, we are truly grateful to have a "Long" and supportive shareholder base as we build the world's first microwave energy tankless water heater. We share investors' enthusiasm that Wanderport can soon swallow-up a hefty portion of the water heater industry by the promise of its technology.
We hope investors continue to manage their expectations as Wanderport works to exceed them.
About Wanderport Corporation:
Wanderport Corporation holds the rights to Pulsar's microwave energy tank-less water heater through its exclusive Licensing agreement. 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 product innovation and technology development for the microwave energy tank-less water heater. Wanderport Corporation is a business development company 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] Tel: +1 (352) 533-4801
SOURCE Wanderport Corporation