Press Release Source: WENR Corporation On Wednesday July 7, 2010, 8:15 am EDT SALT LAKE CITY, UT--(Marketwire - 07/07/10) - WENR Corp. (Pinksheets:WNRC - News) is pleased to announce the broadcast of the Azteca America network for the Reno and Carson City markets on KRRI-25. Ngensolutions LLC entered into an agreement whereby Channel KRRI-25 would be an affiliate for Azteca America in the Reno and Carson City markets. Ngensolutions, which signed a LOI to be acquired by WENR, launched the network broadcast locally.
Ngensolutions will sell advertising in the Reno market through its existing sales force located in Reno, Nevada. Ngensolutions is in the process of negotiating with Charter Communications, the local cable company in the Reno area, to distribute KRRI-25 on the "Basic-Plus" line-up. This will generate carriage fees and advertising to WENR through Ngensolutions.
KRRI-25 is owned and licensed to Ngensolutions LLC, a Nevada limited liability company. WENR Corporation signed a letter of intent to acquire Ngensolutions. The Company expects to close on Ngensolutions in August. The Board of Directors approved the purchase of Ngensolutions during its meeting on June 21st.
About Azteca America:
Azteca International Corporation operates in the United States a Spanish-language television network known as "Azteca America Network." Azteca America is the fastest growing Hispanic television network in the United States. Less than eight years since its launch, Azteca America offers 89% national coverage to the US Hispanic population and continues to grow. =======================================================
SALT LAKE CITY, UT--(Marketwire - 08/16/10) - Ngensolutions LLC announced today of its plans to conduct a test on its fiber optic transmission link with Charter Communications. The testing is scheduled for today, Monday August 16th, which is expected to be completed within 24 hours. Charter requires these tests before it will enter into a final agreement with Ngensolutions. The integrity tests are to verify the fiber optics transmission link of Channel KRRI-25 from Ngensolution's broadcast facility to the Charter's "head end" facility in Reno, Nevada. Ngensolutions has signed a letter of intent to be acquired by WENR Corporation, a Utah publicly traded company, trading over the counter (Pinksheets:WNRC - News). The acquisition process is on schedule and should be completed within the next few weeks.
Looks like the brief consolidation between .06 and .08 is just about over with. Also, the www.wenr.net website was just updated today with photos of the soon the be acquired television studio. With so much due to happen with the company, I would not want to be caught without a position going into the weekend.
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