WENR Corporation Announces February Update
February 16 2011 - 6:15AM
Marketwired
WENR Corporation, (PINKSHEETS: WNRC) updates Operational Activities
for Satview Broadband.
Satview Broadband Ltd.:
- Satview has created and is currently testing its new website
for its subscribers. The site will provide a portal for subscribers
to access email with an Internet subscription.
- The Company has hired an in-house accountant. Since the
billings and expenses have increased, additional accounting has
occurred. WENR is interviewing for a corporate controller.
- Satview has engaged a new credit card service to reduce its
costs and enable subscribers to pay with reoccurring billing,
credit card payments and direct transfer from checking
accounts.
- Satview has negotiated a reduction in marketing expense by
trading air-time with radio stations.
- Satview has signed an agreement with InFashion Networks to
sublease the studio for production of jewelry related video and
audio production.
- Satview is rearranging its lineup to reduce programming costs.
It is also placing Azteca from Reno on the lineup in Elko.
- Satview began the upgrade to provide Internet for Elko.
Installation for the Topaz Lake system has been completed.
- Satview continues to explore and evaluate additional cable
systems.
"These updates will increase profitability and allow Satview to
grow exponentially," noted Dan Green of WENR Corp. "Now that we
have the formula down for 6,000 subscribers the next acquisition
will be smooth and seamless."
Satview, a wholly owned subsidiary of WENR Corp., has been in
operation for nine years and is headquartered in Reno, Nevada.
Satview holds franchise systems in four markets in Nevada and Utah.
Satview is a cable television and Internet provider with
approximately 6,000 subscribers.
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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