For over three years now, I have been following Wanderport Corporation and their endeavor to produce a Multi Cavity Microwave Heating Unit or MCMHU. In that time I have had many conversations with Andrew, the Investor Relations Manager. Last October I was able to go to Vermont for the Q&A meeting with Robert Simoneau the Inventor/Product Licensor who gave a presentation on the MCMHU. In my quest for new and useful information to post on this blog, I have decided to ask some questions of the man who will be moving the company forward once the MCMHU is completed: Richard Martel.
What follows is my email interview with Richard; I hope you find it informative.
What follows is my email interview with Richard; I hope you find it informative.
1. What is your past executive experience?
After over 30 year’s business experience in investments and insurance, I had distinguished myself as the compliance officer for a major insurance company in the province of Ontario from 1997 to 2003. I also have a real-estate servicing business.
2. How did your relationship with Wanderport begin?
Being a dual citizen I have also lived in Florida, it was there that I was developing my real-estate investment service business but I kept an eye out for companies who develop proprietary eco-friendly green technologies. My business and compliance background were compelling enough for Wanderport’s management to offer me the grandiose opportunity to navigate Wanderport through its developmental stage and eventually reap the benefits of marketing and introducing Wanderport’s revolutionary product to an archaic water heater industry. After much consideration I quickly realized the enormous revenue potential Wanderport could achieve, so I accepted the offer.
3. What are you most excited about in the future for Wanderport?
I am most excited for the chance to create enormous revenue with our product but I think the next milestone for Wanderport is to demonstrate how prolific and efficient the heat engine technology and/or water heater is with our proven efficiency numbers in hand. This will definitely provide the premise and leverage for renewed negotiations with a few of the water heating industry's largest and most reputable manufacturers. Considering the present positioning of the company, renewed awareness in our company and market credibility is a prime objective on our way to productivity.
4. Will there be another chance for shareholders to go to a Finished Product Roll-Out?
To market the product, we would be pleased to attend trade shows and to entertain an eventual general meeting for prospective customers and shareholders to attend. A YouTube video link on our website (www.wanderportcorporation.net) demonstrating a working unit could also be considered. If properly marketed, I wouldn’t be surprised if it went viral due to the public’s enormous anticipation.
5. Can you talk about Wanderport’s plan for raising money to grow the business, once the finished product is revealed?
We are not considering dilution for the moment, however; a working prototype with proven efficiency numbers and subsequent production will bring lucrative growth opportunities, which we will explore to their maximum. They may involve seeking funding opportunities. For that purpose, I would prefer working with our eventual strategic manufacturing partner but being a public company also hands us the luxury of turning to venture capitalist, as well as private investment in public equity (PIPE).
6. Without being specific, what part of the process of getting the MCMHU to market are you focusing on most right now?
Production and revenues are the main objective. However, we are required to assist and provide Mr. Robert Simoneau (Technical Advisor and Product Licensor) the necessary tools to complete the testing process and to obtain third party lab efficiency results for the heat engine technology and microwave water heater. Once completed, negotiations with manufacturing and sublicensing partners will take place thus, rendering production and revenues more likely.
I very much appreciate Mr. Martel taking the time to answer my questions. As always because of the responses by Mr. Martel, representing the company, we have the obligatory disclaimers below. Enjoy!
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