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WENR Corp. Announces Formation of Media Gems LOS ANGELES, September 30, 2004 – WENR Corporation (OTC: WNRC) (wenr.net), is very pleased to announce that it has set up a subsidiary as part of the license agreement with Softorbit. WENR Corp. has incorporated “Media Gems” as a subsidiary to hold the license of the film and video library of Softorbit. The Media Gems elected Michael Elliot as President and Chaba Mehes as Executive Vice President. Dan Green is Chairman of the Board. Softorbit controls an extensive film, television, educational, documentary and classic music video library incorporating over 15,000 titles (photos of which can be viewed on the wenr.net website.) Along with its vast content library, it has editing and authoring facilities, distribution facilities, as well as fulfillment facilities. Softorbit delivers film and stock footage through its existing distribution channels in the form of video and DVD’s. It also delivers digital content via the Internet for Video on Demand with its “State of the Art” streaming technology for broadband events. WENR Corp. will provide the newly formed subsidiary with resources for marketing through the Internet and television advertising to increase revenue and exposure of the content licensed from Softorbit. 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. Contact: |
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PO Box 91251, Los Angeles, CA 90009 • (310) 410-4426 • FAX (310) 388-0504 |