LOS ANGELES, March 9, 2009 (GLOBE NEWSWIRE) -- WENR Corp. (Pink Sheets:WNRC), announced today its March 2009 Letter to Shareholders.
Dear Shareholders,
I am pleased to update you on the current status of WENR Corp. We have quietly been working very hard as a wholesale and distribution company. Our goal is to ensure the long-term viability of this company, keep costs at a minimum, and partner with successful companies. We chose to work with businesses which 'should' do better with a recession or are somewhat recession proof, before the recession hit. This strategy has enabled us to survive and expand our business, which has provided us with an optimistic outlook.
Through Bayshore Industries we have successfully sold products through Costco Warehouse, Fingerhut, CSN Stores, Harrah's Casinos, Dive n' Surf, and many more mom and pop retailers. We are currently working with marketing groups to ensure multiple products receive a wide area of distribution through retailers, shopping sprees, and rewards programs. We have also increased the amount of products we are selling through these groups. Our newest products include wall mounted fire places and our own line of massage products.
We are working with several Nasdaq and AMEX companies on avenues which are service and testing based. I personally have spoken with several CEOs, VPs, etc. and feel we are close to providing our services as a facilitator, wholesaler, and/or distributor. To assist us in this effort the company has retained Al Goldsmith of the Goldsmith Group. Due to the nature and large size of these transactions we have NDAs already in place.
Our goal is $2.5 Million this year in revenue (more than 300% increase from 2008). The potential deals we have in place are far in excess of $10 Million in revenue and would substantially impact the company, however it would not change our business goals or how we do business.
At this point I can not see the need to issue any stock for financing, advertising, or promotion for the rest of 2009. And, I believe at this point it wouldn't be worth it.
In closing, we have a solid foundation. Business continues to grow and we are actively seeking new areas to increase revenue. As always, our door will be open should any of you have any questions, comments, or ideas.
Warmest Regards, Steven Lockhart CEO WENR Corp.
About WENR:
WENR works with and directly owns a diversified group of businesses, which generate cash and earn accelerated returns on capital. Companies under the WENR umbrella have growing revenue and profit and are managed by the original management. These business units may receive capital for marketing development and business growth through internal lines of credit.
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.