NEW YORK, NY - December 10, 2013 - Wanderport Corp. (OTC Pink: WDRP) is delighted to announce the signing of a letter of intent to acquire ReGenesis Intercontinental NYC Inc. as Wanderport continues to execute its business model founded on social and ecological responsibility.
ReGenesis Intercontinental NYC Inc. is in the business of recycling scrapped tires into secondary rubber crumb using an innovative technology from an agreement with Simpro S.p.A. -Sistemi e Macchine di Produzione (Environment Division), an Italian company located in Brandizzo (TO). The technology is capable of transforming tires into the finest quality of pure, uncontaminated rubber crumb while maintaining its elasticity. It can also be used in the production of new tires and a plethora of other new rubber and plastic products and is one of world's only tire recycling methods that does not pollute the environment. The process converts scrap tires into their three (3) main components of rubber, steel and fibre with a recovery rate of in excess of 96% and all three bi-products can be used in the manufacturing of new products.
One of ReGenesis' competitive advantages lies in the environmentally friendly tire recycling process which can be monetized by redirecting the tires residual energy back into the electrical grid. Notwithstanding the aforementioned, the importance of Wanderport's anticipated acquisition of ReGenesis is synonymous with their expected scrap tire recycling contract in Italy which is accompanied with storage and land space, as well as, funding from an Italian regional zone in return of ridding the region of its scrap tire problem which should provide the operating capital to purchase the recycling equipment which Wanderport presumes will produce important revenues.
In addition to procuring components necessary for performance efficiency testing of its microwave water heater at Intertek, Wanderport is currently reviewing final details and conducting the due diligence process prior to signing a definitive agreement to acquire ReGenesis on or before Friday, January 31, 2014.
About Wanderport Corporation:
Wanderport Corporation is an acquisition company of various licenses or products it deems could be profitable and is partial to green technologies or business activities. It has 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 scalable, 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 Company believes consumers will be proud to use this microwave water heating solutions which will preserve clean fresh water and reduce energy consumption and personal carbon footprint. The 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 for the microwave energy tank-less water heater. The Corporation believes that the current market situation is an excellent setting for market introduction of its licensed microwave energy tank-less water heater technology and believes this could a key component to secure the Corporation's strong future.
About Intertek Group plc:
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
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.
Please consult Wanderport's corporate website at: www.wanderportcorporation.net
Telephone: +1 (352) 533-4801
Like us on: Facebook.com/wanderportcorporation
Follow us on Twitter "Wanderport@wanderportcorp"
SOURCE: WanderPort Corporation