WENR Corporation Reports Year End Income 2011
June 21 2012 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce the
release of its financial statements for 2011. The Company has
generated a record $2,655,799 in revenue and $615,471 in EBITDA in
2011 compared to $168,018 in revenue and a loss of $39,594 for the
year 2010. This is a result of the Company's new business focus
launched June of 2010. The increase is primarily due to the
acquisition of the cable systems in Elko, Carlin and Battle
Mountain, Nevada on December 31, 2010.
"The Company had posted revenue of $1,500,804 as of June 30,
2011. Part of this revenue was a 'one-time' entry of $400,000. If
this is taken out, the June 30th revenue would be approximately
$1,100,000 and for the year $2,255,000. Our revenue has been
consistent throughout the year," said Dan Green, President of
WENR.
Review of Operating Results 12 Months Ended 12 Months Ended
Dec 31, 2011 Dec 31, 2010
---------------- ----------------
Revenue $ 2,655,799 $ 168,018
Cost of Services Sold 974,060 94,242
Operating Expenses 1,151,124 107,017
EBITDA (loss) 615,471 (3,104)
Net Income (loss) $ 517,625 $ (39,594)
EPS* $ 0.02 $ (.00008)
* Based on EBITDA and 32,786,542 shares outstanding.
The current shares outstanding are 38,786,542 shares. Six
million shares have been returned to the Company but not cancelled
by the transfer agent; leaving 32,786,542 shares outstanding. The
Company is still in the process of receiving additional shares.
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
Wenr (CE) (USOTC:WNRC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Wenr (CE) (USOTC:WNRC)
Historical Stock Chart
From Nov 2023 to Nov 2024