"Businesses are becoming increasingly more savvy in the results they expect from online marketing," said Dan Green, President of WENR. "Not only does ScreenFriends have technology that meets these tough standards of effectiveness but the company has been revenue-focused since their beginnings. This makes them a very attractive acquisition for us and brings us another step closer to staking a meaningful claim in the lucrative media-based online marketing niche."
WENR began implementing it's internet/marketing-based focus earlier in the year with the acquisition of Global Image Technologies (GI Tech), a wholly owned subsidiary providing internet support services, web hosting and software development for business-to-business and business-to-consumer e-commerce. With cross marketing, ScreenFriends and GI Tech can offer a broader range of services to their joint customer base.
"This acquisition brings ScreenFriends months or years further ahead through the combined resources under the WENR umbrella," commented Gregory Santore, CEO for ScreenFriends Corp. "We have always met our investors' expectations and are ready to raise the bar even further."
Green also references the powerful management team ScreenFriends brings to the WENR family. "The co-founders and senior management have impressive backgrounds. CEO Gregory Santore has over 17 years of sales, operations and acquisition experience, President Craig Huish has a track record of leading start-up software development teams to success and Executive VP Jonathon Barbato was formerly the Head of Marketing for MGM Television with over 17 years of entertainment and retail marketing experience."
ScreenFriends Corp. was founded in 1998. With the ScreenFriends Personal Inter(Face)TM software installed, a user can operate their computer and navigate the web simply by speaking to an interactive character in everyday language (instead of using the keyboard or mouse). Characters are easily interchangeable and the product is distributed free to the public via retail promotions, entertainment promotional tie-ins, CD mailings and web site downloads and has an emphasis on simplifying online shopping. ScreenFriends Corporation partners with companies to provide a valuable "relationship branding" tool, allowing these corporations an infinite number of impressions with customers who interact with their ScreenFriend character. It also offers other web site affiliates and sponsors a dynamic and revolutionary new customer access and advertising venue. The company had a preview launch of its product earlier this year with its first five characters (Universal Studio's Rocky, Bullwinkle, Boris, Natasha, and Fearless Leader) and also has an exclusive sponsorship deal with former host of Lifestyles Of The Rich And Famous, Robin Leach. For more information, visit the company's web site at www.screenfriends.com.
WENR (wenr.net) is a holding company that provides senior management expertise and funding for post start-up, growth companies. As such, it serves as a BDC (business development company).
Contacts: Richard Hagman, CEO, WENR Corp., (303) 771-6601;
rhagman@msn.com
Dan Green, President, WENR Corp., (310) 337-0998; dgreen@wenr.net
Jonathon Barbato, EVP, Mktg, ScreenFriends, (303) 331-8091
jbarbato@screenfriends.com
Disclaimer
This news release contains information that is "forward-looking" in that it describes events and conditions, which WENR Corp. reasonably expects to occur in the future. Expectations for the future performance of the business of WENR is dependent on a number of factors, and there can be no assurance that WENR will achieve the results as contemplated herein. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks including the possibility that the described activities will not be completed.
SOURCE: WENR Corporation