WENR Corporation Reports Record Revenue for Q1
August 01 2012 - 7:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) is pleased to announce the
release of its financial statements for the first quarter of 2012.
Adjusting for a "one-time" income relating the purchase of the Elko
cable system, the Company has generated a record $596,188 for the
quarter and a projected $2,384,752 in revenue on a yearly basis.
This is a six percent (6%) increase in revenue from last year. The
increase is primarily due to the increase of subscribers of its
cable systems.
The Company has hired additional sales personnel to deploy the
new marketing plan. The Company has seen immediate increase in new
subscriptions.
Review of Operating Results 3 Months Ended
Mar 31, 2012
--------------
Revenue $ 596,188
Cost of Services Sold 267,453
Operating Expenses 304,722
Net Income (loss) $ 24,013
The current shares outstanding are 38,786,542 shares. Six
million shares have been returned to the Company but not cancelled
by the transfer agent; leaving 32,786,542 shares outstanding. The
Company is still in the process of receiving additional shares.
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
Wenr (CE) (USOTC:WNRC)
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