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Thursday, July 29, 2010 7:29:44 AM
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WNRC.PK 0.0310 0.0000
{"s" : "wnrc.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: WENR Corporation On Thursday July 29, 2010, 7:15 am
SALT LAKE CITY, UT--(Marketwire - 07/29/10) - WENR Corp. (Pinksheets:WNRC - News) is pleased to announce Ngensolutions LLC, the operator of KELM-43, has upgraded its transmitter at the East Red Peak antenna facility southwest of Reno, Nevada. The upgraded transmitter is scheduled to become operational during the month of August. This transmitter will allow better transmission and reception of the television signal.
In June, 2010, WENR signed a letter of intent to acquire Ngensolutions LLC, which the Company anticipates to close in August. The transmitter was financed and terms were not disclosed.
"This is a major step in WENR becoming a multi-faceted media company," said Dan Green, President. "Ngensolutions is placing into service the hardware for broadcasting the second television station which will become an asset of WENR."
About Ngensolutions LLC:
Ngensolutions is a media company with interests in radio and television properties located in Reno, Nevada. Ngensolutions is the owner-operator of Channel 25 and Channel 43 TV stations. 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. Additionally the company is negotiating to lease existing studio space in Reno to combine its operations into one location. Ngensolutions also owns an interest in KXTO-AM 1550 Radio, which is broadcasting.
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.
Dan Green, President, and Tariq Ahmad, Director
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