WENR Begins the Process to Acquire Additional Cable Systems
09 February 2011 - 11:15PM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) announces growth strategy to
add additional cable systems into its subsidiary, Satview Broadband
Ltd.
Satview Broadband Ltd. is currently evaluating several cable
systems between 1,000 and 5,000 subscribers in the State of Nevada.
The Company plans to submit offers to purchase several of these
smaller cable providers determined by their interconnectivity
through fiber optic. In acquiring cable systems in the same region
the Company will be able to offer services from a centralized
location, as well as combine and lower costs.
"We are in the process of integrating two cable providers. We
know exactly what we are looking for in opportunities and believe
we have found several acquisition targets," noted Dan Green, CEO of
WENR Corp.
The Elko, Nevada location is in the process of upgrading its
system to install high speed Internet. The addition of Internet
service will generate additional revenue.
Currently, Satview Broadband offers cable television in Elko,
Carlin, Battle Mountain, Wells, Jackpot, and Wellington, Nevada,
and Fillmore, Utah. The Company is currently testing its "Triple
Play" system in Wellington, Nevada. "Triple Play" allows Satview to
offer Internet, telephone, and video for a single price.
"Many of the communities will warmly receive our bundled 'Triple
Play' System," continued Mr. Green. "Most of the communities have
never had the opportunity to choose cable TV, Internet, and
telephone service from one entity."
About Satview Broadband Ltd.:
Satview is a wholly owned subsidiary of WENR Corporation. It is
a Reno-based television-programming provider operating in Nevada
and Utah. Satview designs, builds and operates broadband systems in
the communities it serves.
About WENR:
WENR Corporation is a media holding company, which has two
wholly owned subsidiaries, Satview Broadband Ltd. and Ngensolutions
LLC.
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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