WENR Corporation Announces Acquisition of Ngensolutions LLC
September 13 2010 - 7:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce it has
acquired Ngensolutions LLC of Reno, Nevada. Ngensolutions is a
media company with interests in radio and television properties
located in Reno, Nevada. Ngensolutions is the licensee
owner-operator of KRRI-LP Channel 25 and KELM-LP Channel 43 TV
stations. Ngensolutions also owns an interest in KXTO-AM 1550
Radio, which is broadcasting and generating revenue. Ngensolutions
will operate as a wholly owned subsidiary. WENR purchased
Ngensolutions for 5,000,000 shares of common stock and assumption
of debt.
Dan Green, President and Chairman of WENR, and Tariq Ahmad,
Director of WENR and President of Satview Ltd., are managers of
Ngensolutions LLC. Both voted "Abstain" in the Board meeting for
the approval of the acquisition of Ngensolutions.
About Ngensolutions LLC:
Channel 25 is now broadcasting Azteca America in the Reno area,
one of the top Hispanic networks in the United States.
Ngensolutions is exploring programming to be carried on Channel 43
in combination with its planned small-cap financial network.
About WENR:
WENR is a holding company, which directly owns or owns marketing
rights in various growth stage companies. WENR provides senior
management assistance and secures working capital for marketing
development.
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: WENR Corporation Dan Green 435-709-8350
www.wenr.net
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