Wanderport Announces Corporate Update and Retirement of One Hundred Million Shares of Common Stock September 17, 2015 05:30
SANTA MONICA, CA - (Marketwired – September 17, 2015) - Wanderport Corporation (OTC Markets: WDRP), a premier distributor of food, beverages and consumer products, today announced its corporate update and retirement of one hundred million shares of common stock.
Since the launch of the Company’s online store, www.wanderportstore.com, sales have been brisk. In addition to its current line of CannaEnergyTM, DuBe® energy shots and Cannabissimo Coffee™, the Company recently added Hemp Protein Powder and Hulled Hemp Seed. The Company is also evaluating a few additional food, beverage and skin products which it hope to offer in the near future.
The Company had opened in excess of twenty new accounts this quarter. It also in negotiation phase to sign on two new distributors to distribute its products throughout California and Nevada.
To accelerate its growth, the Company is seeking to acquire small local food and beverage distributors. It is currently in talk with a few candidates and expects to consummate a transaction sometime next quarter.
In an effort to improve its capital structure, the Company had successfully secured and retired one hundred million shares of its common stock. The Company is also in talks with financiers to raise working capital to support sales and marketing of existing products as well as to introduce its own brands.
“As an emerging company, we must continually evaluate our progress and make adjustments as necessary to enhance our shareholder values” said Eric Brown, CEO of Wanderport Corporation. “To improve our sales, we are aggressively opening new accounts, forming partnerships or acquiring distributors to help with product placement. Our sales channels are expanding on a steady basis and we plan to capitalize on that with the addition of new product lines” added Brown.
About Wanderport Corporation
Wanderport Corporation is a premier distributor of food, beverages and consumer products. For more information, visit us at http://www.wanderportcorp.com.
Online Store: www.wanderportstore.com
Statements made herein 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. 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.
Eric Brown, CEO