WENR Explores Merger Candidates
06 Mai 2005 - 12:15PM
Business Wire
WENR Corp. (OTC:WNRC) (wenr.net), announced today that the Board of
Directors has agreed to explore merger candidates for WENR
Corporation to enhance shareholder value. The Company is
re-structuring to be in a position to merge with a company. The
Company will search for going concerns that have significant assets
and a revenue stream. Furthermore, any merger candidate will need
to work with the Company to follow through with the plans for the
oil and gas participation and the development of Media Gem's film
library. The Company has formed a wholly owned subsidiary for the
purpose of acquiring oil and gas properties and participating in
new oil and gas drilling. The Company is evaluating various
properties in the Rocky Mountain region and will soon make a
decision on which to focus the subsidiary. Media Gems controls an
extensive library incorporating over 15,000 titles. Along with its
vast content library, it has access to editing and authoring
facilities, distribution facilities, as well as fulfillment
facilities. It also will deliver digital content via the Internet
for Video on Demand with its "State of the Art" streaming
technology for broadband events. WENR is a holding company that
acquires technology and technology companies. It provides senior
management assistance for product and market development and
secures working capital. 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 that any projected
results (expressed or implied) will not be realized.
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