NEW YORK, Feb. 3, 2009 (GLOBE NEWSWIRE) -- Technology holding company Wanderport Corp. (Pink Sheets:WDRP) has purchased a significant equity interest in an energy business, adding to its portfolio of acquisitions and investments in the environmental field.
The Company's latest move is in keeping with its overall strategy to purchase and invest in private technology companies that possess valuable intellectual property and patents/licenses.
Wanderport Corporation has purchased interests in an LED technology company whose R&D department have managed to develop a lighting technology far superior as to what is currently available on the market. At this time the company of interest has managed to receive orders from several establishments. Statistically, LED lighting tends to cut up to 80% of energy use and lasts much longer than regular incandescent or fluorescent bulbs. The lighting company intends to create a bulb that lasts up to ten years.
As stated in the past, our country's new administration has made reforming our energy infrastructure an important priority. As part of their plan, they want to create up to 5 million new "Green" collar jobs by strategically investing $150 billion over the next ten years into this rapidly growing industry. We believe that by seeking out and reviewing these companies and their offerings, there are many great opportunities for investment within these organizations.
The company still believes that pursuing these opportunities will strengthen its position within other companies and lead Wanderport Corp. to improved long-term success and profitability during these challenging economic circumstances.
Wanderport Corp. has opened a temporary new website at www.wanderportcorporation.com which contains all company information as well as all updated contact information.
Forward-looking Statement:
Please be advised that 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.