WENR Corp. Announces Letter of Intent to Acquire Sport Technology
August 08 2008 - 7:08AM
Marketwired
WENR Corp. (PINKSHEETS: WNRC) announced today a Letter of Intent
(LOI) to acquire 60% of Sport Technology(TM), which is one of the
nation's fastest growing recreational sports product companies.
Sport Technology is a leading innovator in the action sports
industry, with patented exciting new board riding and gravity
propelled products.
"We continue to push the limits with products like the,
'Flowboard,' 'SnowSkate,' 'Flowsaucer,' Bomb Factory Skate Co.
longboards and shortboards. While developing new technology to keep
us ahead of the always growing action sports industry we have a
commitment and dedication to the mobile enrichment of the world,"
noted Mike Kern of Sport Technology.
Sport Technology's products may be found at:
http://www.flowboard.com.
Steven Lockhart of WENR stated, "Our goal is to provide Sport
Technology the support and financing they need to be a $100 Million
business. The acquisition of Bayshore Industries and Sport
Technology are both inline with WENR's long-term business plan,
ethics, and goals. They are both passionate and dedicated to
achieving accelerated growth rates. Clearly, we feel this is a
major win for our shareholders."
About Sport Technology
Sport Technology currently sells products in Walmart, Discovery
Stores, Bed Bath & Beyond, Modell's, Chick's Sporting Goods,
Sport's Authority, and Big 5 Sporting Goods to name a few. The
company has been in existence since 1999 and operates with a net
profit.
About WENR
WENR directly owns a diversified group of businesses, which
generate cash and earn accelerated returns on capital. Companies
under the WENR umbrella have growing revenue and profit and are
managed by the original management. These companies represent
lifestyle brands and receive capital infusion for marketing,
product development, and other growth initiatives.
The foregoing contains forward-looking information within the
meaning of The Private Securities Litigation Act of 1995. Such
forward-looking statements involve certain risks and uncertainties.
The actual results may differ materially from such forward-looking
statements. The company does not undertake to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results (expressed or
implied) will not be realized.
Contact: Steven Lockhart 310.410.4410
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