WENR Corporation Announces Third Quarter Update
(firmenpresse) - RENO, NV -- (Marketwire) -- 09/15/11 -- WENR Corporation (PINKSHEETS: WNRC) would like to update the shareholders of its current activities. The last few months the Company has focused in three areas: upgrade its cable systems, reduce the number of shares outstanding and consolidate its financials.
Satview has taken existing operations with analog cable television and is building out the systems to provide digital video, digital recorders, Internet and telephone. Taking a system which is analog without Internet and transforming it into a full service cable system takes time and resources. This action can increase the Company's revenue by as much as 40%. Satview is proud of its personnel in achieving its goals by upgrading the systems. The upgrades will be beneficial to the shareholder with higher profit margins and an increase in subscribers.
Satview continues its operations in: Topaz Lake, Jackpot, Wells, Carlin, Battle Mountain and Elko, Nevada. Operations continue to be profitable. Satview has been in operations for ten years and is headquartered in Reno, Nevada. It provides cable television, voice and Internet.
WENR has negotiated to "buy-back" stock from various shareholders. This is to reduce the shares outstanding and increase value to the shareholder. Additionally, WENR has submitted its financial statements to an accounting firm for the preparation of a compilation report.
WENR plans to schedule a conference call in October. Investors and shareholders will be notified on how to submit questions.
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:
WENR Corporation
Dan Green
435-709-8350
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Datum: 15.09.2011 - 11:15 Uhr
Sprache: Deutsch
News-ID 66172
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contact information:
Town:
RENO, NV
Kategorie:
Cable & Satellite Services
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