WENR Corporation Announces Estimated First Quarter Revenue
06 April 2011 - 9:15PM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce
estimated revenue for the first quarter of 2011. The Company
expects to report over $500,000 in revenue and more than $100,000
in net earnings (pre-tax) for both Ngensolutions and Satview
Broadband Ltd.
These numbers reflect only two months of revenue from the Elko
system of the quarter. January revenue went to the selling company
during the transition period of the purchase of the Elko system.
Second quarter numbers will reflect this adjustment if the final
settlement is made at the end of April. Otherwise the adjustment
will be noted in the quarterly unaudited financial statement to
shareholders due out the end of April.
Earlier this year the Company had released an amount Satview
billed its new customers in Elko. This was during a transitional
period where Satview had not received accounting from 2010. The
Company will make the necessary adjustments in the final quarterly
report. Additionally, the majority of Ngensolutions' revenue for
the first quarter will be posted in the second quarter report.
"This is very exciting," stated Dan Green, the Company's
President. "The Company has not shown any significant revenue since
the early 1980s. We look forward to further growth with marketing
to new customers, providing Internet and telephone service to
current customers and acquiring additional markets which complement
our existing franchises. We are excited to be able to also announce
as of the end of the first quarter 2011, WENR Corporation is a
profitable company," Mr. Green continued.
Satview Broadband is a wholly owned subsidiary of WENR Corp.,
has been in operations for nine years and is headquartered in Reno,
Nevada. Satview holds franchise systems in seven markets in Nevada
and Utah.
About WENR Corporation
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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