Wanderport Corporation - pursues cannabis industry.

Wanderport Corporation Outlines Company’s Cannabis Initiatives

SANTA MONICA, CA / ACCESSWIRE / November 2, 2014 / WanderPort Corp. (OTC Markets: WDRP) is pleased to outline its initiatives on capitalizing the emerging medicinal and recreational cannabis market.

In the third quarter, former management decided, after thorough assessment, that it was not in the best interest of the company to continue with its water heater products and appointed new management to take control and to chart a new direction. As the result, new management made a decision to discontinue the production of the water heaters and pursue the rapidly developing multi-billion dollar cannabis industry.

There are currently 23 states and the District of Columbia that have legalized marijuana for medicinal applications. Among these, Colorado and Washington have legalized it for recreational use. Alaska, Oregon and Washington D.C. will join in legalizing cannabis for recreational use and Florida for its medicinal use if it is approved by the voters in the midterm election on November 2. Based on popular polls, it is likely that these initiatives will pass.

According to ArcView Group, the legal U.S. cannabis industry was $1.5 billion in 2013 and is forecast to reach $2.6 billion by the end of 2014 and $10.2 billion by 2018. In the two states that approved marijuana for recreational use, Colorado’s and Washington’s 2014 market is projected to be $800 million and $300 million, respectively.

There are various components that make up the industry which could range from ancillary products and services to the actual cultivation and production of the products themselves. For the near term, Wanderport will seek to become a licensee or acquire stakes in businesses that focus on edibles and wellness products. For the long term, the Company wants to develop a bio-technology competency and offer related products and services.

The Company plans to take a stair step approach to growth in order to minimize dilution. It will initially focus on numerous smaller transactions with manageable risks to gradually create value. As the industry and business become more mature, the Company will take larger risks with larger transactions for accelerated growth.

"We are currently in talks and conducting due diligence with a few potential acquisition candidates. We are very conscious about dilution and shareholders' value so we are taking the necessary time to properly align ourselves with the right partners in our effort to grow and to help legitimize the industry", stated Eric Brown, Chief Executive Officer. "The opportunities in this industry are boundless and if we execute correctly, I am confident that we can become one of the prominent industry leaders not too far in the future" added Brown.

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. For more information, please visit http://www.wanderportcorp.com.

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. 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:
Wanderport Corporation
www.wanderportcorp.com

Investor Relations:
info@wanderportcorp.com
(310) 526-8720

Source: WanderPort Corp.

Source: http://finance.yahoo.com/news/wanderport-corporation-outlines-companys-cannabis-003600678.html