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Ngensolutions LLC Receives Permit to Construct Digital Broadcasting Facility(November 09, 2011)
RENO, NV -- (Marketwire) -- 11/09/11 -- Ngensolutions LLC, a subsidiary of WENR Corporation (PINKSHEETS: WNRC), announced it received its digital construction permit from the FCC to install a digital transmitter. Ngensolutions LLC is the licensee for KRRI-LP Channel 25, an Azteca America affiliate, in Reno. The construction permit allows Ngensolutions to install equipment to broadcast digitally. Ngensolutions has commenced installation of the digital transmitter. Testing of the digital transmitter will begin during the second week of November. Once the digital transmitter is operational, KRRI-LP will carry four channels in the Reno, Nevada market.
Tariq Ahmad, President of Satview, stated, "This is a major development for the Company. A digital channel in a market the size of Reno typically sells for more than a million dollars. Now we have turned one channel into four."
About Ngensolutions LLC:
Ngensolutions is a media company with interests in radio and television properties located in Reno, Nevada. Ngensolutions is the owner-operator of Channel 25 and Channel 43 TV stations. Channel 25 is now broadcasting Azteca America in the Reno area, one of the top Hispanic networks in the United States. Ngensolutions also owns an interest in KXTO-AM 1550 Radio, which is broadcasting and generating revenue. Ngensolutions' Meadowood studio is a 20,000 square foot facility for production of television and radio programs. The facility is linked with fiber to its cable television partners.
WENR Corporation is a media holding company, which has two wholly owned subsidiaries, Satview Broadband Ltd. and Ngensolutions LLC.
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.
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