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Crown Equity Holdings Inc. (OTCBB:CRWE) is pleased to report Crown Equity Holdings' financial information for the 6-month period ending June 30, 2010. Revenue for the six months totaled $678,988, compared to $84,357 during the same period in 2009. Crown Equity Holdings Inc. incurred an operating loss of $26,739 for the six months ending June 30, 2010, compared to an operating loss of $245,796 during the same period in 2009. Crown Equity Holdings Inc. incurred a net loss of $201,658 for the six months ending June 30, 2010, compared to a net loss of $255,006 for the same period in 2009. The net loss in 2010 was due primarily to an unrealized loss of $169,195 on securities held by Crown Equity Holdings Inc..
"We are pleased with the continued progress during the last six months compared to the same period in the previous year," commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. "Not only do our financial results show strong growth during this year, but we continue to build our internal structure to support future growth," stated Bosket.
Crown Equity Holdings Inc. has increased Crown Equity Holdings' workforce to an amount of 35, compared to this time last year's head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused Crown Equity Holdings' primary vision with Crown Equity Holdings' aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for Crown Equity Holdings' clients.
Arrowhead Research Corporation (NASDAQ:ARWR) today reported that Dr. Christopher Anzalone, Chief Executive Officer, will be presenting at the 9th Annual BIO Investor Forum at 4:30 p.m. PT on Tuesday, October 5, 2010, at the Palace Hotel in San Francisco, CA. Dr. Anzalone will be discussing Arrowhead Research and its increased focus on its nanomedicine portfolio, including clinical results.
The BIO Investor Forum is a national investor conference featuring private and emerging public companies. The meeting attracts healthcare venture capital and public market investors and research analysts. In addition, the BIO Investor Forum draws business development executives from global pharmaceutical and biotechnology companies.
Arrowhead Research Corporation is a nanotechnology company commercializing new technologies in the areas of life sciences and electronics. Arrowhead is seeking to build value for shareholders through the progress of its subsidiaries and investments. Currently, Arrowhead Research is focused primarily on its two majority owned subsidiaries; Unidym, a leader in carbon nanotube technology for electronic applications, and Calando, at the forefront of clinical application of RNAi delivery technology. Arrowhead Research also has minority investments in two privately held nanobiotech companies.
Harvest Natural Resources, Inc. (NYSE:HNR) yesterday released that Harvest Natural Resources has retained BofA Merrill Lynch to provide advisory services to assist Harvest Natural Resources in exploring a broad range of strategic alternatives for enhancing shareholder value. These alternatives could include, but are not limited to, certain extraordinary transactions, including, possibly, a sale of assets or a sale or merger of Harvest Natural Resources.
Harvest Natural Resources President and Chief Executive Officer, James A. Edmiston, said: "The decision to engage BofA Merrill Lynch reflects the Board and management's careful consideration of Harvest's current enterprise value as indicated by its stock price relative to our own internal valuation of the asset portfolio, the near and mid-term capital requirements of our business plan relative to our financial position, and preliminary expressions of interest received from third parties. This initiative is designed to examine all possible alternatives to unlock the potential of our assets and maximize value to our shareholders."
Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela, producing and exploration assets in the United States, exploration assets in Indonesia, West Africa, China and Oman and business development offices in Singapore and the United Kingdom.
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