RENO, NV — (Marketwire) — 10/12/11 — WENR Corporation (PINKSHEETS: WNRC) is pleased to announce its subsidiary, Satview Broadband Ltd., has signed a letter of intent to acquire a cable system. The target cable system currently generates more than three million dollars in annual revenue. This acquisition is subject to due diligence and board approval. The terms of the LOI are held confidential.
Satview Broadband Ltd., headquartered in Reno, Nevada, is a wholly owned subsidiary of WENR Corp., and has been in operation for nine years. Satview holds franchise systems in six markets.
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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