WENR Corporation Acquires Cable Company
July 21 2010 - 7:15AM
Marketwired
WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has
acquired Satview Broadband Ltd. of Reno, Nevada. Satview has
subscribers in Nevada and Utah. It is a provider of cable
television and Internet broadband. Satview will operate as a wholly
owned subsidiary. WENR purchased Satview for 5,000,000 shares of
common stock and assumption of debt.
Satview has revenues of approximately $500,000 per year and has
over $500,000 in assets. It 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.
Satview is in negotiations to acquire additional cable systems
targeting Nevada and Utah.
"This acquisition is exciting for the shareholders of WENR,"
said Manny Martinez, Director. "For example, Cablevision bought
Bresnan Communications for over $4,000 per subscriber. Satview has
over 1,000 subscribers and is negotiating to acquire an additional
5,000 subscribers."
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
Wenr (CE) (USOTC:WNRC)
Historical Stock Chart
From Jan 2025 to Feb 2025
Wenr (CE) (USOTC:WNRC)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about Wenr Corporation (CE) (OTCMarkets): 0 recent articles
More WENR Corporation News Articles