Wanderport Corp Announces Retirement of Common Stock
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.
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.
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