January 04, 2010 07:15 ET

WENR Corporation Signs Letter of Intent to Acquire Cable Company

SALT LAKE CITY, UT--(Marketwire - January 4, 2010) - WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has entered into an agreement to acquire Satview Broadband Ltd. of Reno, Nevada. Satview has subscribers in Nevada and Utah. It is a provider of cable television and Internet broadband. WENR expects to close on this LOI during the second quarter of this year. Terms were not disclosed.

Satview has been in operations for nine years and is headquartered in Reno, Nevada. Current management will remain with the company and operations will continue in Reno. The company has modest debt and operates with a positive cash flow.

"We are excited about this acquisition," said Dan Green, CEO of WENR Corp. He further stated, "With a cable operator and television stations we are transforming WENR into a media enterprise. Our goal is to acquire other cable operators on a low cost subscriber basis."

The Company is continuing with its plans to develop a financial channel for small-capitalized companies with the channel KELM-43 in Reno. The Company is developing a financial oriented network with a focus on bulletin board and pink sheet companies. The format initially will be a profile of companies using their own promotional footage with in-studio interviews.

About WENR:

WENR is a holding company, which directly owns or owns marketing rights in various growth stage companies. WENR provides senior management assistance and secures working capital for marketing development.

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 Corporation
    Dan Green