June 21, 2012 07:15 ET
WENR Corporation Reports Year End Income 2011
RENO, NV--(Marketwire - Jun 21, 2012) - WENR Corporation (
"The Company had posted revenue of $1,500,804 as of June 30, 2011. Part of this revenue was a 'one-time' entry of $400,000. If this is taken out, the June 30th revenue would be approximately $1,100,000 and for the year $2,255,000. Our revenue has been consistent throughout the year," said Dan Green, President of WENR.
Review of Operating Results | 12 Months Ended | 12 Months Ended | |||||||
Dec 31, 2011 | Dec 31, 2010 | ||||||||
Revenue | $ | 2,655,799 | $ | 168,018 | |||||
Cost of Services Sold | 974,060 | 94,242 | |||||||
Operating Expenses | 1,151,124 | 107,017 | |||||||
EBITDA (loss) | 615,471 | (3,104 | ) | ||||||
Net Income (loss) | $ | 517,625 | $ | (39,594 | ) | ||||
EPS* | $ | 0.02 | $ | (.00008 | ) | ||||
* Based on EBITDA and 32,786,542 shares outstanding. | |||||||||
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.