WENR Corporation Announces Third Quarter Update
September 15 2011 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) would like to update the
shareholders of its current activities. The last few months the
Company has focused in three areas: upgrade its cable systems,
reduce the number of shares outstanding and consolidate its
financials.
Satview has taken existing operations with analog cable
television and is building out the systems to provide digital
video, digital recorders, Internet and telephone. Taking a system
which is analog without Internet and transforming it into a full
service cable system takes time and resources. This action can
increase the Company's revenue by as much as 40%. Satview is proud
of its personnel in achieving its goals by upgrading the systems.
The upgrades will be beneficial to the shareholder with higher
profit margins and an increase in subscribers.
Satview continues its operations in: Topaz Lake, Jackpot, Wells,
Carlin, Battle Mountain and Elko, Nevada. Operations continue to be
profitable. Satview has been in operations for ten years and is
headquartered in Reno, Nevada. It provides cable television, voice
and Internet.
WENR has negotiated to "buy-back" stock from various
shareholders. This is to reduce the shares outstanding and increase
value to the shareholder. Additionally, WENR has submitted its
financial statements to an accounting firm for the preparation of a
compilation report.
WENR plans to schedule a conference call in October. Investors
and shareholders will be notified on how to submit questions.
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
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