http://money.cnn.com/news/newsfeeds/articles/marketwire/0573229.htm
WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has entered into an agreement to acquire Satview Broadband Ltd. of Reno, Nevada. Satview has subscribers in Nevada and Utah. It is a provider of cable television and Internet broadband. WENR expects to close on this LOI during the second quarter of this year. Terms were not disclosed.
Satview has been in operations for nine years and is headquartered in Reno, Nevada. Current management will remain with the company and operations will continue in Reno. The company has modest debt and operates with a positive cash flow.
"We are excited about this acquisition," said Dan Green, CEO of WENR Corp. He further stated, "With a cable operator and television stations we are transforming WENR into a media enterprise. Our goal is to acquire other cable operators on a low cost subscriber basis."
The Company is continuing with its plans to develop a financial channel for small-capitalized companies with the channel KELM-43 in Reno. The Company is developing a financial oriented network with a focus on bulletin board and pink sheet companies. The format initially will be a profile of companies using their own promotional footage with in-studio interviews.
