WENR Announces Plans for Shareholders Meeting
12 Mai 2005 - 12:15PM
Business Wire
WENR Corp. (OTC:WNRC) (wenr.net), announced today that the Board of
Directors has decided to schedule a shareholders' meeting in the
near future to increase the authorized shares and position the
Company for a possible merger or acquisition. The board also
discussed a possible stock dividend to shareholders if
circumstances warrant. "Our goal is to increase shareholder value,
further develop the assets of Media Gems and pursue our oil and gas
program," said Dan Green, the Company's CEO. 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 Corporation 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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