WENR Corporation Signs Letter of Intent to Acquire Cable Company
January 04 2010 - 6:15AM
Marketwired
WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has entered
into an agreement to acquire Satview Broadband Ltd. of Reno,
Nevada. Satview has subscribers in Nevada and Utah. It is a
provider of cable television and Internet broadband. WENR expects
to close on this LOI during the second quarter of this year. Terms
were not disclosed.
Satview has been in operations for nine years and is
headquartered in Reno, Nevada. Current management will remain with
the company and operations will continue in Reno. The company has
modest debt and operates with a positive cash flow.
"We are excited about this acquisition," said Dan Green, CEO of
WENR Corp. He further stated, "With a cable operator and television
stations we are transforming WENR into a media enterprise. Our goal
is to acquire other cable operators on a low cost subscriber
basis."
The Company is continuing with its plans to develop a financial
channel for small-capitalized companies with the channel KELM-43 in
Reno. The Company is developing a financial oriented network with a
focus on bulletin board and pink sheet companies. The format
initially will be a profile of companies using their own
promotional footage with in-studio interviews.
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.
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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