This acquisition is the first step in the dramatic expansion planned for the Company...
Boca Raton, Florida –
August 12, 2014 (PRWEB) August 12, 2014 -- WENR Corporation (Trading Symbol: WNRC), hereinafter the “Company,” today announced its acquisition of Superhero Scramble, LLC, as well as control of Couch Potato Events, Inc., its parent company, in a share exchange transaction with the Company.
This acquisition is the first step in the dramatic expansion planned for the Company as it moves forward, as a pioneer in the active entertainment area, with new racing and related activities, as well as special international events.
In commenting on the acquisition, Joel Mason, Chairman and Chief Financial Officer of the Company, went on to explain that “as the first public company to move into the active entertainment space in the way we have, we believe we can quickly penetrate new areas. Superhero Scramble, with its large racer-base and history of successful events, will be a wonderful springboard from which to quickly expand.”
Superhero Scramble has operated races for about 3 years from New England to Florida, has established a unique obstacle racing personality, appealing to participants with a broad range of abilities and experience.
The Company is issuing approximately 6.6 million of its common shares in connection with this transaction, as well as providing some exciting and unique benefits for each of the tens of thousands who have raced in or attended Superhero Scramble races in the past, or who have registered for upcoming Superhero Scramble events.
Sean “Ace” O’Connor, Co-Founder and CEO of the Superhero Scramble Obstacle Races division, explained that “we are excited by the opportunity to become a part of this public company whose roots stretch back for more than 35 years, and give it an expanded purpose and value to an entirely new marketplace. This will give us the platform and support we need to begin to move to the next level, and provide our loyal racers the ability to participate in the growth of our organization in many new ways.”
This new relationship is expected to enable Superhero to bring its races to large numbers of people in parts of the world that have an interest in obstacle racing, but don’t have an opportunity to participate.
WENR Corporation has also announced the change of its name to Superhero Scramble, Inc., which describes the direction of the expanding organization. The Company also announced increasing the number of authorized common and preferred shares to 300,000,000 and 100,000,000 respectively, to provide for the Company’s future growth, based on future acquisitions, new divisions and activities, as well as international activities.
Mark Kallan, Director and CEO of the Company, explained that “the world is moving towards new forms of entertainment, and participant events that allow each person to be a key part of the activity. Pure spectator events are taking a second seat to those putting us right in the middle of the action. Superhero Scramble has been an innovator in the past, and plans to be a leader in the future!”
ABOUT SUPERHERO SCRAMBLE, INC.
Superhero Scramble, Inc., a Utah corporation (the “Company”) (OTC: WNRC) previously WENR Corp., is the parent company of Superhero Scramble, LLC, which organizes, operates, and markets obstacle races. In addition, the Company is planning to enter other related areas including international events, television programming, video and internet training activities, merchandise sales, concierge services, and other areas where its expertise can be commercialized. The Company was previously involved in TV and Radio station ownership, cable TV, HDTV, voice, and internet services to targeted communities. WENR was the holding company for ScreenFriends Corporation, offering Voice DVD, providing a voice-activated portal for computer users and a platform for advertisers. The Company was organized in 1978 as Western Energy, Inc. and changed its name to WENR Corporation in 2000.
Forward Looking Statements:
Statements in this press release that are not purely historical facts, including statements regarding the Company’s beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan," "may," "expect," "anticipate," "intend," "estimate," or "continue," or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our ability to develop future activities, or to make successful strategic decisions and investments.