SOURCE: WENR Corporation

August 01, 2012 07:15 ET

WENR Corporation Reports Record Revenue for Q1

RENO, NV--(Marketwire - Aug 1, 2012) - WENR Corporation (PINKSHEETS: WNRC) is pleased to announce the release of its financial statements for the first quarter of 2012. Adjusting for a "one-time" income relating the purchase of the Elko cable system, the Company has generated a record $596,188 for the quarter and a projected $2,384,752 in revenue on a yearly basis. This is a six percent (6%) increase in revenue from last year. The increase is primarily due to the increase of subscribers of its cable systems.

The Company has hired additional sales personnel to deploy the new marketing plan. The Company has seen immediate increase in new subscriptions. 

Review of Operating Results 3 Months Ended
  Mar 31, 2012
  Revenue $ 596,188
  Cost of Services Sold   267,453
  Operating Expenses   304,722
  Net Income (loss) $ 24,013

The current shares outstanding are 38,786,542 shares. Six million shares have been returned to the Company but not cancelled by the transfer agent; leaving 32,786,542 shares outstanding. The Company is still in the process of receiving additional shares.

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