Wanderport and Geo-Solis Ready to Take on Italy
February 18 2010 - 6:53PM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
concluded a definitive sales and distribution agreement with Geo
Solis di Terziani A & C. s.a.s. of Italy.
Geo Solis di Terziani A & C. s.a.s. is a company
specializing in the supply and installation of appliances and
applications geared towards renewable energy and those that
significantly lower energy costs while providing efficiency and
comfort to their Italian clientele. Products range from solar,
geothermal and water heating, as well as biomass and air
conditioning systems.
Contractual sales commitments are estimated in the neighborhood
of 21,000 units to be sold over a 5 year period in the country of
Italy based on a selling price of $450 USD equal to $9,450,000 USD
over the same period.
"We first heard of Wanderport's product late last year and were
intent on acquiring the rights for Italy. We are in the business of
selling and installing some very specialized cost cutting products
geared to renewable energy and preservation of environmental
resources. We will be working closely with Wanderport to prepare a
pre-production certification alpha test unit as we are very happy
with the progress being made, which have only enhanced our already
great working relationship," stated Mr. Andrea Serluca, President
of Geo-Solis.
"Wanderport is ramping-up its efforts to prepare for production
as the company is presented with an enormous growth opportunity by
its association with both Australia and Italy. Projected combined
sales are in the area of $134,000,000 USD and we are doing
everything in our power to move towards that goal," stated Richard
Martel, President and CEO of Wanderport.
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 or technology
development, or its application of its microwave energy tank-less
water heater.
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.
Contact Wanderport Corporation at: For more information:
www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917)
338-7957
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