Share Cancellation
As part of management’s commitment to strengthen its position for growth, the Company had reached an agreement to secure and cancel an additional 10M shares of its Common stock, bringing the total shares to be cancelled to 30M. This is in addition to over 54M shares cancelled in 2021.
Management is open to further negotiation for share cancellation if necessary to support its future expansion efforts.
Automotive Sector
The Company has taken initial steps to enter the automotive sector. Its goal is to be an active participant in the burgeoning electric vehicle (EV) space via manufacturing and distribution of components as well as EV related services. The Company plans to accomplish this endeavor through partnerships and creating an equity portfolio of established companies that are currently serving this industry.
Energy Sector
There has been a strong global push for electric vehicles and clean energy. Recent development in
The Company plans to participate in this sector with related products and services for the residential and commercial usage.
Manufacturing
Due to economic and geopolitical factors, there has been a sizable amount of corporations establishing manufacturing capability in Vietnam. This presents huge growth opportunities for the manufacturing sector and supply chain there. Aside from exporting, many of the products manufactured in
The Company plans to capitalize on this growth trend through mergers and acquisitions, particularly as they are related to electric vehicles and consumer goods.
Divestiture
The Company has been gradually divesting its current businesses to focus on the new direction. The health coffee line will be discontinued once inventory has been depleted. All blockchain related assets have been assigned to UA Multimedia, Inc. The Company will continue to collaborate with UA on future technical projects.
Mergers and Acquisitions
Management believes that a sound path to growth is via accretive mergers and acquisitions. For the near-term, the Company plans to leverage its publicly traded status to build an equity portfolio of companies serving the automotive, energy and manufacturing sectors.
Uplisting
Management has set a goal to uplist to a fully reporting company as soon as practicable. This will enable
The Company will proceed to return its status to current with OTC Markets. There was no material change in its operations, share and debt issuance since the last filing.
“Wanderport is firmly committed to creating shareholder values,” commented
About
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Forward Looking Statements:
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
Contact:
www.wanderportcorp.com
Investor Relations:
ir@wanderportcorp.com
(310) 526-8720
Source:
2022 GlobeNewswire, Inc., source