WENR Corp. Letter to Shareholders -- August 2008
August 18 2008 - 7:15AM
Marketwired
WENR Corp. (PINKSHEETS: WNRC), announced today its August Letter to
Shareholders.
Dear Shareholders,
I am taking this opportunity to update you on our current
progress.
-- We will be creating a Finance Division, through our partners who will
lend up to $500,000. The qualifications for financing are more than 3
years of business, a good Dunn and Bradstreet history, $1,000,000 in
revenues, and based in Southern California.
-- We will be creating an Energy Division. We have received an
opportunity to be a minority partner in a major oil project. The wells in
the project produced approximately 500 barrels of oil per day in the 1980s.
The recent geology study shows it may be able to produce up to 2000 barrels
of oil per day with the new technology available. Estimates show this
project may produce over $100,000 per month to WENR as passive Net Income.
-- Bayshore Industries has experienced significant growth over the last
few months and expects more than $200,000 in retail sales for the month of
August between its Costco business and Casino business.
-- We seek to close the Sport Technology acquisition by the first week of
September. Sport Technology and its Flowboard will soon be featured in the
Business Section of the LA Times.
-- Airship Surveillance is moving forward and we expect updates in the
near term.
We have some magnificent opportunities and we will update as
they develop. We are confident our investors will approve with the
steps we have taken to ensure our long-term success.
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 original management. These companies 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.
Steven Lockhart 310.410.4426
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