WENR intends to use the monies for growth capital for its recently acquired business, Global Image Technologies in Fort Collins, Colorado, working capital for other acquisitions, and general corporate purposes. Since the Company is relatively "debt free" it will be settling with the few remaining creditors with stock and utilizing the proceeds of the financing for growth.
Dan Green, President of WENR Corp., said, "We are very excited to have this financing to enable us to make our goals in continuing to grow the Company."
In March WENR announced that it would file the Form 10SB and become a fully reporting company this summer. The Company is finalizing its audit and expects to file the Form 10SB shortly thereafter.
WENR Corp. is headquartered in Los Angeles and maintains an office in the Denver Technology Center, Englewood, Colorado.
Contacts: Richard Hagman, CEO, 303-771-6601, rhagman@msn.com, or Dan Green, President, 310-337-0998, dgreen@wenr.net, both of WENR Corporation
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.