SOURCE: WENR Corp.

July 08, 2008 06:15 ET

WENR Corp. Announces Letter of Intent to Acquire Importer

NEWPORT BEACH, CA--(Marketwire - July 8, 2008) - WENR Corp. (PINKSHEETS: WNRC) announced today a Letter of Intent (LOI) to acquire Bayshore Industries (Bayshore), a premier importer of goods from around the world.

Bayshore is an importer and is currently owned and operated by Cathy Hwang. Bayshore has two business units: the first is a direct importer for multiple clients; and second, it owns and markets several lines of products.

Bayshore works with multiple clients including, Costco, Sam's Club, Harrah's, Hard Rock Hotel and Casino, Body Glove / Dive N' Surf, The Game Room, and more. The company currently has available 20,000 square feet of warehouse space, which houses products for resale. The company has been in existence since 2005. It has gross revenue approaching $1 million per year and operates with a net profit.

The acquisition will serve a dual purpose. First, the acquisition will provide Bayshore an elevated platform to work with other public companies for both importing and investment-banking services. Second, Ms. Hwang, who is fluent in English, Mandarin, and Spanish, will serve as an Economic Advisor to WENR. Ms. Hwang formerly was a Sr. Financial Manager with The Irvine Company in Newport Beach. Ms. Hwang has a Bachelor's degree in Finance and International Marketing and a MBA from Cal State Fullerton. It is anticipated Ms. Hwang will provide analysis on future acquisitions while maintaining day-to-day control over Bayshore.

About WENR

WENR intends to work with and directly own 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 businesses units receive capital for marketing development and business growth through internal lines of credit.

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
    310.410.4426