SOURCE: WENR Corp.

July 07, 2008 14:42 ET

WENR Corp. Issues Letter to Shareholders

NEWPORT BEACH, CA and LOS ANGELES, CA--(Marketwire - July 7, 2008) - WENR Corp. (PINKSHEETS: WNRC) announced today its July Letter to Shareholders.

Dear Shareholders,

We are very pleased to update you regarding the recent events, which have occurred for WENR Corp.

First, we have selected Steven Lockhart for the position of President to manage the daily operations of our business. We have asked Mr. Lockhart to take on an active role within the Company because of his connections, experience, energy, and ability to impact positive change within the Company. Dan Green, who has been with WENR for the last 20 years, will remain active and will continue his role as Chairman of the Board. Mr. Lockhart will assume the role on July 16, 2008.

Mr. Lockhart was brought on to continue our goal from the end of last year, which was to acquire several revenue producing entities, whose intrinsic value far exceeds their book value. Mr. Lockhart has accepted the responsibility to bring multiple companies into WENR with the following characteristics:

--  Current revenue exceeding $1 Million
--  Little or no debt
--  Proven business models with growth anticipated
--  Acquisition cost is $.20 or less per $1 in revenue
    

To summarize, we will directly own a diversified group of businesses, which generate revenue, cash, and earn accelerated returns on capital. While most of our revenue will come from acquisitions of companies and businesses we will always view our efforts as partnership based. This means we will acquire and let current management continue to guide their business units toward success. We may make investments into other publicly traded companies, as well as provide investment-banking services.

Our long-term goal is to maximize shareholder wealth. Our investors should know our personal fortunes are tied with the fortunes of this Company. We will announce some of these opportunities in the coming weeks and are confident our investors will be happy with companies who will be associated with our firm. After our initial acquisitions we will review the opportunities available to us by moving to a more prominent exchange.

We also want to formally announce to our investors we now own 40% of Airship Surveillance and have a 50% revenue share agreement. This was done without adding additional shares to the issued and outstanding.

We will be expanding the Board of Directors from three to five members and will be adding Mr. Lockhart to it. All of the current members will remain. We may seek to change the name of the Company and our trading symbol. Mr. Lockhart's resume and any new members to the Board will be provided shortly. Mr. Lockhart intends to write a Letter to the Shareholders on a regular basis.

In closing, our management team is motivated to exceed expectations, deliver profitable value, and increase shareholder wealth. We will work with visionaries, management that is experienced and profit driven, and will continue to surround ourselves with long-term investors who wish to share in our success.

Dan Green
Chairman of the Board

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