Wanderport Corp Announces Retirement of Common Stock
SANTA MONICA, CA., February 17, 2015 - InvestorsHub
NewsWire - WanderPort Corp. (OTC Markets:
WDRP) is pleased to announce that one of its major
shareholders, Galactus Global, Inc., agreed to retire 50 million
shares of the Company’s Common Stock as part of a strategic
partnership.
The Company had reached an agreement with Galactus Global
whereby Galactus will retire 50 million shares of the Company’s
Common Stock in exchange for a performance based consulting
agreement whereby Galactus will receive compensation in stock and
or cash commensurate to the value brought to the Company through
either organic or external growth via mergers and
acquisitions. The retirement will take place immediately and
will reduce the total outstanding shares to 622,500,000.
“We are excited to have formed this strategic alliance with
Galactus Global where our mutual motive is to create shareholder
values through sustainable growth,” commented Eric Brown. “We
are optimistic about our future business development and retiring
these shares will improve our capital structure thus better
position our company for the expected near term growth,“ added
Brown.
About Wanderport Corp.
Wanderport Corporation is an investment holding and incubator
company with primary focus on consumer products and services and
the emerging cannabis industry. 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:
ir@wanderportcorp.com
(310) 526-8720