WENR Corporation Announces First Quarter Revenue for Satview
May 31 2011 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce the
release of its 2011 first quarter profit and loss statement for
Satview Broadband Ltd., a wholly-owned subsidiary. The Company
reports total income for Satview of $993,445 of which $398,699 was
included as a one-time entry due to the purchase of the Elko cable
system. This statement reflects only two months of revenue from the
Elko system. The profit and loss statement is unaudited and subject
to change. Shareholders can expect approximately $750,000 total
income per quarter moving forward at current subscription levels.
First Quarter Net Income from Satview was $533,043. The profit and
loss statement can be found on the Company's website
(www.wenr.net).
The Company plans to release Ngensolutions' profit and loss
statement for the first quarter in the near future. However, the
majority of Ngensolutions' revenue for the first quarter will be
posted in the second quarter report.
"We are pleased to announce the Company is profitable," stated
Dan Green, WENR's President. "We are currently growing with
marketing to new customers, providing DVRs, Internet and telephone
service to current customers." Mr. Green continued, "We are also
finalizing the buy back of the Company's shares."
Satview Broadband, headquartered in Reno, Nevada, is a
wholly-owned subsidiary of WENR Corp., and has been in operation
for nine years. Satview holds franchise systems in six markets with
plans to expand.
About WENR Corporation
WENR Corporation is a media holding company, which has two
wholly-owned subsidiaries: Satview Broadband Ltd., which owns six
cable systems; and Ngensolutions LLC, which owns two television
stations and interest in two radio stations.
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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