WENR Corporation Announces LOI to Acquire Cable System
October 12 2011 - 7:15AM
Marketwired
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
www.wenr.net
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