Wanderport Corporation Announces Cancellation of 10M Common Shares

Rhea-AI Summary

Wanderport Corporation (OTC Pink: WDRP) has announced the cancellation of 10 million common shares, reducing total outstanding shares to 680,533,333. This decision is part of a broader effort to enhance the company's balance sheet in anticipation of future growth through mergers and acquisitions. The company aims to uplist as a fully reporting entity to attract more investors. Additionally, Wanderport is focusing on blockchain and metaverse solutions that address health, wellness, education, and commerce. Management expresses optimism about the new strategic direction.

Positive

• Cancellation of 10M shares improves share structure, potentially increasing shareholder value.
• Reduction in total outstanding shares to 680,533,333 enhances balance sheet ahead of future growth.
• Management is pursuing additional share cancellations to continue strengthening financial position.
• Focus on blockchain and metaverse solutions aligns with current market trends, offering growth potential.
• Plans to uplist as a fully reporting company could attract a wider investor base.

Negative

• None.

Company Taking Steps to Position for Future Growth and Uplisting

SANTA MONICA, CA, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC Pink: WDRP), a solution provider using blockchain, digital asset and metaverse technology to offer products and services related to the areas of health, wellness, education and commerce, is pleased to announce the cancellation of 10M Common shares.

As part of the reorganization effort, the Company had reached an agreement to secure and cancel 10M shares of its Common stock. As the result, the total outstanding shares will be reduced to 680,533,333.

To further the Company’s effort to improve the balance sheet in preparation for future growth via mergers and acquisitions, the Company is in talks with other shareholders to acquire and cancel additional shares.  Management expects the subsequent share reduction to be accomplished later this month.

As a near term goal, the Company seek to elevate its operations and uplist to a fully reporting company. This will allow Wanderport to reach another level of investors, which it needs to support the anticipated growth.

The Company’s new focus is on offering practical solutions based on blockchain, cryptocurrency and metaverse. The solutions will aim at improving the way people stay healthy, learn and conduct commerce.  Growth in these areas will be achieved organically or by acquiring strategic assets or complementary entities that are in the same space.

“Wanderport’s new direction with blockchain and metaverse is a game changer for the Company,” commented Miki Takeuchi, CEO. “We expect the new initiatives to have a huge impact on our business and anxious to move full speed ahead.  We appreciate all of our shareholders’ support and look forward to providing updates as milestones are reached,” concluded Takeuchi.

About Wanderport Corporation

Wanderport Corporation is a solution provider using blockchain, digital asset and metaverse technology to offer products and services related to the areas of health, wellness, education and commerce.

For more information, please visit https://wanderportcorp.com.

Facebook: wanderportcorporation
Twitter: @wanderportcorp
Instagram: wanderportcorp

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 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.

Contact:
Wanderport Corporation
www.wanderportcorp.com

Investor Relations:
Miki Takeuchi
ir@wanderportcorp.com
(310) 526-8720

FAQ

What recent actions has Wanderport Corporation (WDRP) taken regarding its shares?

Wanderport Corporation has canceled 10 million common shares, reducing total outstanding shares to 680,533,333.

How does Wanderport plan to improve its financial status?

The company is in talks to acquire and cancel more shares as part of its effort to enhance its balance sheet.

What is Wanderport's strategy for future growth?

Wanderport aims to grow through mergers and acquisitions, focusing on blockchain and metaverse solutions.

What are Wanderport's goals regarding stock market listing?

The company seeks to uplist to a fully reporting company to attract more investors.

Is there any impact on shareholders following the share cancellation by Wanderport?

The cancellation of shares is expected to improve shareholder value by reducing total outstanding shares.