WENR Corporation Announces Better Than Expected Revenue Results
February 02 2011 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce its
revenue estimates for Satview and Ngensolutions. Satview alone
billed its customers approximately $400,000 for the month of
January. The company has also successfully launched two television
stations in the Reno area.
During the month of January, Satview billed in excess of
$400,000 to its cable subscribers. Satview plans to offer Internet
Services and possibly Phone Service beginning in April at selected
locations. Satview is reviewing additional cable systems to
acquire, marketing campaigns in current markets, and expanding
services to its customers.
"By bundling cable, Internet, and telephone service we believe
many satellite subscribers will switch to Satview. This, we
believe, can increase our subscriber base exponentially," said Dan
Green, CEO.
Ngensolutions also generated significant revenue in January from
advertising sales on Azteca, which was recently launched on the
local cable provider in Reno. Revenue from both Azteca and
Mexicanal are expected to grow as monthly ratings are provided.
"Azteca and Mexicanal, once fully operational, can each generate
$200,000 to $300,000 per month in revenue," continued Dan
Green.
WENR expects to provide quarterly financials at the end of Q1,
2011.
About Ngensolutions LLC:
Ngensolutions is a media company with interests in radio and
television properties located in Reno, Nevada. Ngensolutions is the
owner-operator of Channel 25 and Channel 43 TV stations. Channel 25
is broadcasting Azteca America, one of the top Hispanic networks in
the United States. Ngensolutions also owns an interest in KXTO-AM
1550 Radio and operates Smooth Jazz on 1440 AM. Ngensolutions'
Meadowood studio is a 20,000 square foot facility for production of
television and radio programs. The facility is linked with fiber to
its cable television partners.
About Satview Broadband Ltd.:
Satview is a wholly owned subsidiary of WENR Corporation. It is
a Reno-based television-programming provider operating in Nevada
and Utah. Satview designs, builds and operates broadband systems in
the communities it serves.
About WENR:
WENR Corporation is a media holding company, which has two
wholly owned subsidiaries, Satview Broadband Ltd. and Ngensolutions
LLC.
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
www.wenr.net
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