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Wanderport Corp
WANDERPORT CORPORATION ISSUES A STATEMENT CONCERNING THE REMOVAL OF DTC "CHILL"
Published Sep 5 2012
3 min read

WANDERPORT CORPORATION ISSUES A STATEMENT CONCERNING THE REMOVAL OF DTC "CHILL"

SUBJECT: WANDERPORT CORPORATION AND DTCC < The Depository Trust & Clearing Company (DTC) "CHILL " >

For those of you who have had difficulty depositing, transferring or trading shares of Wanderport Corporation due to the Depository Trust Company (DTC) "Chill", we are in receipt and have reviewed a recent activity transaction journal supplied by our transfer agent (Issuer Direct Transfer, LLC), which now confirms DTC's decision to accept share deposits and transfers into street name. For further information, please refer to your individual brokers concerning their respective policy modifications due to the lifting of the DTC "Chill". Please note that brokerage firms may reserve the right not to modify their current internal policies to reflect this resolution in Wanderport's favor. There will NOT be a subsequent news release pertaining to this matter's resolution, as this news flash constitutes the company's official position. Wanderport expects to make modifications to the company's outstanding share count to reflect the true DTC position, which will be provided by DTC and expected by our transfer agent in the near future. Quarterly Financial Statement and Disclosure updates will reflect these changes according to the quarter in which DTC's position is recieved. Financial information and disclosure statements are available at WWW.OTCMARKETS.COM or Wanderport's Website and blog at: WWW.WANDERPORTCORPORATION.NET

Furthermore,
THE FOLLOWING COMMENTSHOULD PROVIDE ADEQUATE ELABORATION PRIOR TO BEING WRONGLY ACCUSED OF REPORTING MISLEADING INFORMATION PERTAINING TO THE COMPANY'S TOTAL ISSUED AND OUTSTANDING SHARES RELATIVE TO THE REMOVAL OF THE DTC "CHILL":

"The lack of record keeping by now defunct National Stock Transfer Co. led to Wanderport being "chilled" by DTC. To rectify this problem Wanderport has acknowledged that it is prepared to accept the modification that will be prescribed by DTC to reflect the discrepancy caused by National's lack of record keeping and reporting. The modification remains unknown to Wanderport but expected by Issuer Direct Stock Transfer LLC (Wanderport's new transfer agent) and a small sacrifice to allow for the "Chill" to be removed. In order to balance with DTC, Wanderport may create a simple book entry to either increase or decrease the company's total outstanding shares accordingly. This change does not represent dilution on Wanderport's part and its effect is minimal considering it is already existing and imbedded into Wanderport's the day to day for quite some time. The Company assures investors that under no circumstances has Wanderport diluted during the past couple of years nor has Mr. Simoneau attempted to remove the legend from his shares which remain restricted to date! All is very clearly indicated in the company's most recent quarterly disclosure and will be updated in the next quarter's disclosure at http://www.otcmarkets.com/ (ticker symbol: "WDRP" in the financial section)."

About Wanderport Corporation:

Wanderport Corporation is a publicly traded company which acquired the global exclusive licensing, distribution and proprietary rights to a unique microwave energy tank-less water heater solution. The company has been dedicated to converting the technology into a marketable eco-friendly, efficient product. Wanderport’s objective is to build a sound and profitable company by marketing and distributing the world’s first revolutionary alternative to existing less-efficient water heating systems. The proprietary heat engine technology was the proud recipient of the 2005 TIPTA award (TCA; Toronto Construction Association, Innovative Product and Technology Award), awarded by the National Research Council of Canada recognizing excellence in product innovation and technology development.

 

Important Information About Forward-Looking Statements:

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.  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.  In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning.  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.  These statements are predictions and involve known and unknown risks, uncertainties and other factors, including the risk that Wanderport Corporation cannot execute its business plan for lack of capital or other resources, distribution, licensing/acquisition opportunities or internal partnering issues or restructuring/resignation which may modify existing licensing agreement, arrangements and/or contractual obligations, as well as the risks described in the periodic disclosure documents filed on OTCMarkets.com by Wanderport Corporation, copies of which are also available on the company's website.  Any of these risks could cause Wanderport Corporation or its industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements in this press release.  Except as required by applicable law, including the securities laws of the United States, Wanderport Corporation does not intend to update any of the forward-looking statements to conform these statements to actual results.

 

CONTACT: For further information, please consult Wanderport’s corporate website at: www.wanderportcorporation.net Investor Relations: info@wanderportcorporation.net                          Telephone: +1 (352) 533-4801