SOURCE: WENR Corp.

August 08, 2008 08:08 ET

WENR Corp. Announces Letter of Intent to Acquire Sport Technology

NEWPORT BEACH, CA and LOS ANGELES, CA--(Marketwire - August 8, 2008) - WENR Corp. (PINKSHEETS: WNRC) announced today a Letter of Intent (LOI) to acquire 60% of Sport Technology™, which is one of the nation's fastest growing recreational sports product companies.

Sport Technology is a leading innovator in the action sports industry, with patented exciting new board riding and gravity propelled products.

"We continue to push the limits with products like the, 'Flowboard,' 'SnowSkate,' 'Flowsaucer,' Bomb Factory Skate Co. longboards and shortboards. While developing new technology to keep us ahead of the always growing action sports industry we have a commitment and dedication to the mobile enrichment of the world," noted Mike Kern of Sport Technology.

Sport Technology's products may be found at: http://www.flowboard.com.

Steven Lockhart of WENR stated, "Our goal is to provide Sport Technology the support and financing they need to be a $100 Million business. The acquisition of Bayshore Industries and Sport Technology are both inline with WENR's long-term business plan, ethics, and goals. They are both passionate and dedicated to achieving accelerated growth rates. Clearly, we feel this is a major win for our shareholders."

About Sport Technology

Sport Technology currently sells products in Walmart, Discovery Stores, Bed Bath & Beyond, Modell's, Chick's Sporting Goods, Sport's Authority, and Big 5 Sporting Goods to name a few. The company has been in existence since 1999 and operates with a net profit.

About WENR

WENR directly owns a diversified group of businesses, which generate cash and earn accelerated returns on capital. Companies under the WENR umbrella have growing revenue and profit and are managed by the original management. These companies represent lifestyle brands and receive capital infusion for marketing, product development, and other growth initiatives.

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:

    Steven Lockhart
    310.410.4410