WENR Corporation Announces Stock Buy-Back Plan
May 02 2011 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) announced today its Board of
Directors, in a meeting on April 22, 2011, have agreed to receive
shares from major shareholders and certain directors in an effort
to reduce the number of shares outstanding. The Company hopes to
reduce its outstanding shares significantly by at least twenty
percent. Further, the directors approved management to pursue
additional acquisitions of cable systems.
About Satview Broadband Ltd.
Satview is a Reno-based television-programming provider
operating in Elko, Battle Mountain, Carlin, Jackpot, Wells, and
Topaz Lake, Nevada. Satview designs, builds and operates broadband
systems in the communities it serves.
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 now broadcasting Azteca America in the Reno area, one of the top
Hispanic networks in the United States. Channel 43 is a Mexicanal
affiliate and will broadcast the small-cap financial network.
Additionally the company operates a 20,000 sf studio in Reno which
originates local programming and will produce programming for the
financial network. Ngensolutions also owns an interest in KXTO-AM
1550 Radio and is the operator of 1440 AM station in Reno, Nevada
which broadcasts Smooth Jazz.
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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