WENR Corporation Announces Estimated First Quarter Revenue
Wenr Corp New (USOTC:WNRC)
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Today : Wednesday 6 April 2011
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
