Wanderport Concludes US Distribution Agreement
March 22 2010 - 7:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
concluded a definitive sales and distribution agreement with
Utility Marketing Concepts, Inc. (UMC), a company based in Fort
Wayne, Indiana, specialized in providing Rural Electric
Cooperatives and Electric Utilities high quality, competitively
priced, energy efficient water heaters and other products.
Wanderport's sales and distribution agreement with UMC has a
five year term and primarily encompasses the utilities and
apartment segments within the United States. Wanderport believed it
necessary to seek an established company capable of assisting
market entry, not only in its capacity as a distributor but also as
Wanderport's strategic partner. In meeting the standards set forth
by the Utilities and Co-op markets, management feels this will
create credibility and a stable foothold to pursue a slew of other
market verticals in North America. UMC has already approached some
of their long-standing business associates in the water heater
industry in Canada and the USA. These companies possess assembly
facilities and have already offered their services for product
assembly and component financing if required. Other available
services include product certification towards market entry and the
completion of comparable studies measuring Wanderport's microwave
energy technology against other brands of tank-less and storage
tank water heaters for marketing purposes. Wanderport will also
benefit from UMC's vast experience in pricing and marketing
strategies, as well as establishing liability insurance protection
policies and providing excellent installation and warranty service
to customers.
"We look forward to receiving our pre-launch units, so that we
may utilize our expertise and solid business relationships to
assist Wanderport in obtaining product UL and other necessary
certifications and approvals," stated Dave Myers, President of UMC.
"Since 1985 we have established our Freedom Brand water heater and
built a reputation on efficient service, quality and dependability.
Our agreement with Wanderport enables us to anticipate an immense
competitive advantage over other water heater brands, as we expect
to introduce a new breed of Freedom tank-less water heaters
functioning with Wanderport's cutting edge microwave energy
technology," continued Mr. Myers.
"The idea of tank-less water heaters is relatively new in North
America in comparison to other parts of the world. Therefore, the
introduction of Wanderport's innovative product through regular
unsupported retail chains and channels seemed a bit risky. Hence,
we preferred an approach involving the tactical sales and
installations support from an established niche distributor to
begin Phase II of our plan towards market introduction and long
term profitability," stated Richard Martel, President and CEO of
Wanderport.
About 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 dependable and competitively priced water heater to meet the
growing demands of the Rural Electric Cooperatives and Utilities
Market. The rural electric utilities furnish roughly 40 percent of
the electricity to the households in the USA. Together UMC and
State Water Heaters developed the Freedom Brand water heater
currently exclusively distributed to the Rural Electric
Cooperatives and Utilities Market. For more information please
visit: www.utilitymc.com
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.
Visit Wanderport Corporation at: www.wanderport-ir.com Email:
inquiries@wanderport-ir.com +1 (352) 533-4801 CONTACT: mail to:
inquiries@wanderport-ir.com
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