Wanderport
Corporation
Announces
Interim Business Update
Santa
Monica, CA -- February
13, 2018 -- InvestorsHub
NewsWire -- Wanderport
Corporation
(OTC: WDRP),
a
premier producer and
distributor of food,
beverages and consumer products
made with hemp,
is
pleased to announce an update for its
current Q1 initiatives.
The
development of the Company's next
generation online store is in
its final phases. The store will allow
customers to purchase a variety of the Company's own
products as well as
others' hemp and Cannabidiol
(CBD)
products
in the area of food and beverages, dietary supplement and personal
care.
The
implementation and testing of the modules that accept crypto
currencies and customer reward has taken longer than
planned. The Company may opt
to roll out the online store in phases with the platform completely
available in the later part of Q1.
The
development of the marketplace for vendors to sell hemp and
CBD related products is
on-going. The Company
will
derive its revenue from transaction fees as a percentage of sales.
Additional revenues can also be obtained from advertisement.
The
launch of the site is slated for late this month or early next
month.
Online
and retail sales of Sapa CoffeeTM
and
Sapa
Tea
is going well. The
Company has recently introduced new packaging for the products and
they are well received. The products display well on the shelves
due to its simple design and color coded flavors.
Hemp
coffee in Colombian, Italian Espresso, French Vanilla and Hazelnut
flavor and hemp tea in Green and Black Tea flavor
can be
purchased from independent grocery and boutique stores as well as
online via Amazon or SapaCoffee.com. Hemp CBD blended
coffee in Colombian and Italian Espresso as well as CBD Green and
Black Tea can be purchased from local dispensaries or by contacting
the Company.
The
Company has seen its CBD coffee and tea sales increase rapidly in
the past few months. The majority of the orders came from
dispensaries, deliveries and distributors while steady
online
new and reorders made up the remaining
sales.
Wanderport has been
working with Sipp
Industries to
introduce Sipp's
Major
Hemp Brown Ale (MHBA) to California. The Company has
also been
collaborating with a Southern
California craft brewery and a distributor to prepare for the
production, sales and marketing of MHBA. In addition
to
brown
ale, the companies are considering two
other flavors all of which will be canned for wider
distribution.
While
working through the logistics and regulatory issues to produce and
sell MHBA in California, Wanderport is working
with a California
distributor to market
and sell Sipp's
current
Colorado inventory
to local
establishments.
"For
the near term we have a few large
initiatives in the work that will position Wanderport
as a
major player in the Hemp and CBD space. Despite certain delay due
to regulatory and technical issues, we are pleased with our
progress thus far. We are confident that these initiatives once
completed will ultimately
produce
significant values for our shareholders," commented Ty Cha, Chief
Executive Officer.
About
Wanderport
Corporation
Wanderport
Corporation is a
premier producer and
distributor of food,
beverages and consumer products
made with hemp.
Its
premium quality hemp
Sapa
CoffeeTM
and
Sapa
Tea
blends
are currently being sold in a growing number of independent
grocery
and small specialty stores in Southern
California. Its products are also
sold online at www.sapacoffee.com
and www.amazon.com. For more
information, please
visit http://www.wanderportcorp.com.
Facebook:
wanderportcorporation
Twitter:
@wanderportcorp
Instagram:
wanderportcorp
Forward Looking
Statements:
Statements made
herein 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.
Forward-looking statements are projections of events, revenues,
income, future economics, research, development, reformulation,
product performance or management's plans and objectives for future
operations. While these forward-looking statements and any
assumptions upon which they are based are made in good faith and
reflect current judgment regarding the direction of the business
operations of Wanderport Corporation, actual
results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggested in this press release.
Contact:
Wanderport
Corporation
www.wanderportcorp.com
Investor
Relations:
Sully
Jacques
ir@wanderportcorp.com
(310)
526-8720
