SOURCE: WENR Corporation

September 27, 2010 07:15 ET

WENR Corporation Announces Company Update

RENO, NV--(Marketwire - September 27, 2010) -  WENR Corporation (PINKSHEETS: WNRC) would like to update the shareholders of its current activities. 

Ngensolutions LLC

  • We are currently in final negotiations with a cable provider for carriage of Azteca America and Mexicanal on the expanded basic line up serving over 350,000 video customers.

  • We are in the final stage of signing an affiliation agreement with Mexicanal, a regional Mexican programming service provider. Mexicanal will provide content in the evenings to augment the planned financial channel.

  • We have moved the KXTO-AM 1550 Radio Station to our new facility.

  • We are planning an "Open House" of the newly acquired television studio in Reno, Nevada. Shareholders are invited to attend. The date of this event will be announced shortly.

Ngensolutions is a media company with interests in radio and television properties located in Reno, Nevada. Ngensolutions is the owner-operator of KRRI-LP Channel 25 and KELM-LP Channel 43 television stations. Ngensolutions also owns an interest in KXTO-AM 1550 Radio, which is broadcasting and generating revenue.

Satview Broadband Ltd.

  • We have signed a NDA (non-disclosure agreement) for a cable system with approximately 20,000 subscribers in the Arizona market.

  • We have signed a purchase agreement for approximately 3,200 customers of a cable system in Northern Nevada. This system can be easily incorporated into Satview's existing structure.

Satview has been in operations for nine years and is headquartered in Reno, Nevada. Satview holds franchise systems in four markets in Nevada and Utah. It provides cable television and is an Internet provider. 

CORRECTION: Previously we announced the leasing of a television studio in Reno, Nevada. In the announcement it was stated the space consisted of 6,019 square feet. The studio is actually over 20,000 square feet.

About WENR Corporation

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

Disclaimer

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 any projected results (expressed or implied) will not be realized.

Contact Information

  • Contact:
    WENR Corporation
    Dan Green
    435-709-8350
    www.wenr.net