SOURCE: WENR Corporation

February 02, 2011 07:15 ET

WENR Corporation Announces Better Than Expected Revenue Results

Satview Bills $400,000 in January

RENO, NV--(Marketwire - February 2, 2011) - WENR Corporation (PINKSHEETS: WNRC) is pleased to announce its revenue estimates for Satview and Ngensolutions. Satview alone billed its customers approximately $400,000 for the month of January. The company has also successfully launched two television stations in the Reno area.

During the month of January, Satview billed in excess of $400,000 to its cable subscribers. Satview plans to offer Internet Services and possibly Phone Service beginning in April at selected locations. Satview is reviewing additional cable systems to acquire, marketing campaigns in current markets, and expanding services to its customers.

"By bundling cable, Internet, and telephone service we believe many satellite subscribers will switch to Satview. This, we believe, can increase our subscriber base exponentially," said Dan Green, CEO.

Ngensolutions also generated significant revenue in January from advertising sales on Azteca, which was recently launched on the local cable provider in Reno. Revenue from both Azteca and Mexicanal are expected to grow as monthly ratings are provided. "Azteca and Mexicanal, once fully operational, can each generate $200,000 to $300,000 per month in revenue," continued Dan Green.

WENR expects to provide quarterly financials at the end of Q1, 2011.

About Ngensolutions LLC:

Ngensolutions is a media company with interests in radio and television properties located in Reno, Nevada. Ngensolutions is the owner-operator of Channel 25 and Channel 43 TV stations. Channel 25 is broadcasting Azteca America, one of the top Hispanic networks in the United States. Ngensolutions also owns an interest in KXTO-AM 1550 Radio and operates Smooth Jazz on 1440 AM. Ngensolutions' Meadowood studio is a 20,000 square foot facility for production of television and radio programs. The facility is linked with fiber to its cable television partners.

About Satview Broadband Ltd.:

Satview is a wholly owned subsidiary of WENR Corporation. It is a Reno-based television-programming provider operating in Nevada and Utah. Satview designs, builds and operates broadband systems in the communities it serves.

About WENR:

WENR Corporation is a media holding company, which has two wholly owned subsidiaries, Satview Broadband Ltd. and Ngensolutions LLC.

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