SOURCE: WENR Corporation

May 02, 2011 07:15 ET

WENR Corporation Announces Stock Buy-Back Plan

RENO, NV--(Marketwire - May 2, 2011) - WENR Corporation (PINKSHEETS: WNRC) announced today its Board of Directors, in a meeting on April 22, 2011, have agreed to receive shares from major shareholders and certain directors in an effort to reduce the number of shares outstanding. The Company hopes to reduce its outstanding shares significantly by at least twenty percent. Further, the directors approved management to pursue additional acquisitions of cable systems.

About Satview Broadband Ltd.

Satview is a Reno-based television-programming provider operating in Elko, Battle Mountain, Carlin, Jackpot, Wells, and Topaz Lake, Nevada. Satview designs, builds and operates broadband systems in the communities it serves.

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 now broadcasting Azteca America in the Reno area, one of the top Hispanic networks in the United States. Channel 43 is a Mexicanal affiliate and will broadcast the small-cap financial network. Additionally the company operates a 20,000 sf studio in Reno which originates local programming and will produce programming for the financial network. Ngensolutions also owns an interest in KXTO-AM 1550 Radio and is the operator of 1440 AM station in Reno, Nevada which broadcasts Smooth Jazz.

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