SOURCE: WENR Corporation

September 13, 2010 07:15 ET

WENR Corporation Announces Acquisition of Ngensolutions LLC

SALT LAKE CITY, UT--(Marketwire - September 13, 2010) -  WENR Corporation (PINKSHEETS: WNRC) is pleased to announce it has acquired Ngensolutions LLC of Reno, Nevada. Ngensolutions is a media company with interests in radio and television properties located in Reno, Nevada. Ngensolutions is the licensee owner-operator of KRRI-LP Channel 25 and KELM-LP Channel 43 TV stations. Ngensolutions also owns an interest in KXTO-AM 1550 Radio, which is broadcasting and generating revenue. Ngensolutions will operate as a wholly owned subsidiary. WENR purchased Ngensolutions for 5,000,000 shares of common stock and assumption of debt.

Dan Green, President and Chairman of WENR, and Tariq Ahmad, Director of WENR and President of Satview Ltd., are managers of Ngensolutions LLC. Both voted "Abstain" in the Board meeting for the approval of the acquisition of Ngensolutions.

About Ngensolutions LLC:

Channel 25 is now broadcasting Azteca America in the Reno area, one of the top Hispanic networks in the United States. Ngensolutions is exploring programming to be carried on Channel 43 in combination with its planned small-cap financial network.

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