WENR Corporation Announces Company Update
September 27 2010 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) would like to update the
shareholders of its current activities.
Ngensolutions LLC
- We are currently in final negotiations with a cable provider
for carriage of Azteca America and Mexicanal on the expanded basic
line up serving over 350,000 video customers.
- We are in the final stage of signing an affiliation agreement
with Mexicanal, a regional Mexican programming service provider.
Mexicanal will provide content in the evenings to augment the
planned financial channel.
- We have moved the KXTO-AM 1550 Radio Station to our new
facility.
- We are planning an "Open House" of the newly acquired
television studio in Reno, Nevada. Shareholders are invited to
attend. The date of this event will be announced shortly.
Ngensolutions is a media company with interests in radio and
television properties located in Reno, Nevada. Ngensolutions is the
owner-operator of KRRI-LP Channel 25 and KELM-LP Channel 43
television stations. Ngensolutions also owns an interest in KXTO-AM
1550 Radio, which is broadcasting and generating revenue.
Satview Broadband Ltd.
- We have signed a NDA (non-disclosure agreement) for a cable
system with approximately 20,000 subscribers in the Arizona
market.
- We have signed a purchase agreement for approximately 3,200
customers of a cable system in Northern Nevada. This system can be
easily incorporated into Satview's existing structure.
Satview has been in operations for nine years and is
headquartered in Reno, Nevada. Satview holds franchise systems in
four markets in Nevada and Utah. It provides cable television and
is an Internet provider.
CORRECTION: Previously we announced the leasing of a television
studio in Reno, Nevada. In the announcement it was stated the space
consisted of 6,019 square feet. The studio is actually over 20,000
square feet.
About WENR Corporation
WENR Corporation is a media holding company, which has two
wholly owned subsidiaries, Satview Broadband Ltd., and
Ngensolutions LLC.
Disclaimer
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 any projected results (expressed or implied)
will not be realized.
Contact: WENR Corporation Dan Green 435-709-8350
www.wenr.net
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