WanderPort Corp. (OTC Pink: WDRP) (PINKSHEETS: WDRP) today announced that as a result of the recent control and management changes, the Company will no longer offer its water heater products. As a new business direction, Wanderport will seek to capture market share in the rapidly developing cannabis market. Additionally, management is exploring the possibility of retiring a block of shares to reduce the total share outstanding.
In the near term, the Company will focus on acquiring dynamic cannabis products and services firms with existing foot print in the industry. Wanderport's management has been in discussion with several potential acquisition candidates and will provide additional updates as further progress is made.
"We are excited to be a part of the emerging cannabis industry. We believe the market and growth potential are quite significant as gradual acceptance is made nationwide. We anticipate our first acquisition to be accretive and a good complement to our existing operation. This merger will be the first of several growth acquisitions we intend to complete" stated Mr. Eric Brown, Chief Executive Officer.
About Wanderport Corp.
Wanderport Corporation specializes in licensing, distribution and obtaining proprietary rights to various unique technology while continuing to be an acquisition minded company targeting various licenses, technologies and/or companies in key emerging growth industries.
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. 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.
SOUCE: Wanderport Corporation