WENR Corporation Announces Television Channel Lease
December 01 2009 - 6:30AM
Marketwired
WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has
consummated an agreement to lease KELM-43 LP from Ngensolutions,
LLC. WENR will operate Channel 43 in Reno, Nevada, develop content
and sell advertising. WENR will pay a monthly fee to Ngensolutions.
WENR will own all rights to the content it develops. Terms were not
disclosed.
Under requirements of the FCC Ngensolutions/WENR is required to
begin broadcasting by the end of March.
"We are pleased to be able to move forward into a new direction
with the Company," said Dan Green, the Company's CEO. "The Company
was delayed in finalizing the agreement because of FCC
requirements," he further said.
The Company is developing a financial oriented network with a
focus on small-cap, bulletin board and pink sheet companies. The
format initially will be a profile of small-cap companies using
their own promotional footage with in-studio interviews. The
Company plans to develop the base of operations in Nevada. The
Company will be able to operate from various locations and
distribute from Reno with the use of low-cost data lines and over
the Internet.
The Company has interest from numerous cable operators to
broadcast the KELM programming nationally on their respective basic
line-ups. This will be at no cost to the Company. Further the cable
operators will sell advertising, which will be shared with the
Company.
Dan Green, President and CEO of WENR, is also a member of
Ngensolutions, LLC.
About WENR:
WENR is a holding company, which directly owns or owns marketing
rights in various growth stage companies. WENR provides senior
management assistance and secures working capital for marketing
development (www.wenr.net).
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: WENR Corporation Dan Green 435-709-8350
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