The company recently cancelled its unit performance efficiency testing appointment at Intertek slated for week ending August 10th, 2013. This was a timeline set up assuming arrival of drivers/transformers was not delayed. A meeting was held with Technical Advisor and Product Licensor, Robert Simoneau, confirming the arrival of drivers however, their arrival was, in fact, delayed and the drivers were found to be dissimilar to the previous drivers in size. The box is therefore being corrected, welded and reinforced as required to accommodate the new driver's different form factor, as well as to maintain the safety of the box during testing. All this is being completed with very limited resources.
Wanderport would like to underline that there has been no dilution or fundraising to date as it is our opinion that it is inappropriate to dilute until Intertek's third party performance efficiency test results can justify and form the basis for company funding. Indeed, trading has waned of late but the company would rather remain on this course of action and announce performance efficiency test results which it is hoped will be positively reflected in the price per share.
According to the company's previous news release, Intertek testing has been "paid in full" and Intertek continue to graciously offer new tests in compensation for the previous flawed tests. For these reasons, we remain intent on completing testing as soon as the unit is confirmed ready.
Wanderport Corporation is looking forward to announcing the rescheduled Intertek test schedule as soon as confirmed.
About Intertek Group plc: Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.
For more than 127 years, companies around the world have depended on Intertek to ensure the quality and safety of their products, processes and systems. Intertek helps companies to develop and maintain trust and integrity in their products and processes, delivering quality solutions that meet or exceed industry requirements and regulatory standards. Intertek holds extensive global accreditations, recognitions, and agreements allowing certification for virtually every market in the world. Intertek Group plc is a publicly listed company that trades on the London Stock Exchange. Intertek has more than 30,000 people in over 1,000 locations serving clients in more than 100 countries. In March 2012, Intertek Group reported annual revenue of over ?1.7 billion for the 2011 financial year and had a market capitalization of ?4 billion. For more information, please visit: www.intertek.com
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.
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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
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