May 01, 2008 06:15 ET

Airship Surveillance and WENR Corp. Issue Letter to Shareholders

Potential Contracts for Multiple Aircraft and Programs, Media Day Planned, Growth Anticipated

LOS ANGELES, CA and LAS VEGAS, NV--(Marketwire - May 1, 2008) - WENR Corp. (PINKSHEETS: WNRC), which has a Letter of Intent to acquire Airship Surveillance, a Nevada-based high technology airship company, has announced that it has issued a Letter to its Shareholders.

Dear Shareholders,

Last week we formally announced WENR's Letter of Intent to aquire Airship Surveillance (AirSur). For the last 20 years, WENR has experienced some exciting times but none as exciting as the ones we will experience in the next few years due to this acquisition. We are completely confident that by combining the strengths of both companies with the same goal as one company, we will be moving exactly in the direction we need to take WENR several steps ahead of where we are today. It gives me both great pride and pleasure to announce to you where and how the company will move forward.

First and foremost, AirSur is currently in discussions concerning six potential sales opportunities. These contracts include several L15, L5 and L2 airships which will have a value measured in the tens of millions of dollars if all are exercised and completed. In addition to outright sales, AirSur is also in discussions regarding the 'wet lease' of aircraft in which it will operate its aircraft for clients.

AirSur is also working a number of very exiting programs and projects that will give Airship Surveillance a very significant advantage in the unmanned aircraft and surveillance markets. AirSur is keeping these programs confidential at this time but will provide additional press releases as contracts and working agreements are consummated. (Be sure to visit the web site and sign up for the newsletter via the link on the home page.)

Second, we are planning a "Media Day," in the Las Vegas area. AirSur has commitments from local TV news stations that will be covering the event. We fully expect coverage from national and international industry media. This will give us great exposure with making AirSur's name and products more visible to the general public. Other forms of media will also be invited to attend this event. Shareholders are also welcome to attend.

Finally, the foreseen growth and sales of subsequent airships will require AirSur to possibly seek an even larger facility and hire additional full-time staff. WENR is also looking into adding additional members to its Board of Directors to reflect the Company's new direction.

In closing, this exciting moment we are now in is not only a new chapter for the Company, but a phenomenal opportunity that will take us into a new future. We assure you that with this acquisition, we will continue to keep the highest of standards and the soundest of financial principles you expect and deserve in our daily business practices. As always, our door will be open should any of you have any questions, comments, or ideas.

Warmest Regards,

Dan Green

Paul Adams
CEO Airship Surveillance

About Airship Surveillance Inc.

The company is developing a series of advanced unmanned airships designed to fulfill a wide range of roles ranging from surveillance to environmental monitoring. The company's airships are built to be robust, yet simple to operate with the twin goals of providing highly reliable airborne platforms at an affordable cost.

About WENR

WENR is a holding company, which seeks to acquire marketing rights in various growth stage companies. WENR provides senior management assistance, secures working capital for marketing development, and delivers tailor made campaigns.

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 Information

  • Contact:
    WENR Corp.
    Dan Green