WDRP consolidating and looks like it has more left in the tank.
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The company keeps losing assets and keeps increasing debt.
This company doesn't look good... .
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This is a penny stock, therefore not many do look good. I understand because I look at finanicials as well. Most penny stocks are speculative in nature making it a far greater risk. The rewards often negate the risk. Most traders of these kind of penny stocks are short term, locking in profits when availiable.
Wanderport Corp. (PINKSHEETS: WDRP) today confirmed the signing of a definitive agreement with Design 1st Inc. two weeks ahead of the scheduled November 10th, 2010 deadline, to produce and obtain optimum results from the heat exchanger configuration within a characterization of a single cavity microwave energy tank-less water heater.
According to the agreement, the defined timeline allotment and budget cost fall well within Wanderport's objectives and therefore, improve the likelihood of completing the product within the estimated timeframe of fourth quarter 2010. Wanderport's regular communication with Design 1st Inc. will hasten timeline updates and facilitate a more precise timetable schedule, which will be amended and reported accordingly. Wanderport Corporation anticipates no increase in total shares outstanding to finance the cost this contractual burden, as funds have been set aside privately and a percentage should be recovered through a Canadian government research and development subsidy program.
Design 1st Inc. has appointed Mr. Ian D. Kayser as Project Manager to oversee the successful completion of the pre-production unit. Spearheading the assignment is Mr. Bruno Zoccali, an expert in thermal dynamics and custom cooling/ventilation products. A partial list of Mr. Zoccali's previous clients includes Hydro-Quebec, IBM Canada, Scientific Atlanta (Cisco), Positron, Rolls Royce GTE, Dectron, Flomerics, CAE, and Elcan (Raytheon) to name a few.
"Working with Design 1st Inc. is certainly accelerating the process leading to our end product and provides a premise for converging opinions, that I felt was needed to corroborate my results," stated Mr. Robert Simoneau, Wanderport Corporation's Technical Advisor and product Licensor. "Our USA distributor, Mr. Dave Myers, President of Utility Marketing Concepts Inc., has also expressed his delight in the opportunity to communicate product efficiency requirements for his market to Design 1st Inc.," added Mr. Simoneau.
"We now have an entourage of engineering and industry professionals working together to complete our product," said Richard Martel, CEO of Wanderport Corporation. I just can't help being excited for the future of the company and its valued investors because the final production phase is in view and the corporation's enormous growth potential is already locked up globally through its distributors," concluded Mr. Martel.
About Design 1st Inc.:
Design 1st Inc. is based in Ottawa, Ontario, Canada, with offices in Toronto, Montreal, Vancouver, Boston and Los Angeles. The company's product development experts are some of Canada's most accomplished, with 25 years experience in mechanical engineering and product development, as well as cost effective solutions and pre-production unit development. For more information, please visit Design 1st Inc. at:
Product Development | Industrial Design | Ottawa Vancouver Montreal Toronto | Ontario Canada.
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 product innovation and technology development for the microwave energy tank-less water heater.
WDRP - Wanderport Corp. (OTCBB Stock)
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