Crown Equity Holdings Inc. (OTCBB:CRWE.OB) reported its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009.
The Company incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009.
Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by the Company.
In this case, Kenneth Bosket, President and CEO of Crown Equity Holdings Inc, commented: Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business. Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth.
CRWE also announced its joint venture with Communication Expert Corporation.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communications solutions specifically designed to meet the business and residential market needs.
Kenneth Bosket, President of Crown Equity Holdings Inc, stated: We are excited to be partnering with Communication Expert Corporation. As part of this joint venture we look forward to building an outstanding team to develop and deliver voice and video VoIP services globally.
More about CRWE at: www.crownequityholdings.com
American Video Teleconferencing Corp. (Pink Sheets:AVOT)
American Video Teleconferencing Corp. is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file.
The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, the company will seek a contractor to do an air borne Mag-EM radiometric survey.
This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
Presently the company is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Public Storage (NYSE:PSA) announced recently that the Company will make a presentation at NAREIT REITWorld 2010 in New York City on Monday, November 15, 2010, at 2:50 p.m. (EST).
Public Storage, a member of the S&P 500, The Forbes Global 2000 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities.
ArQule, Inc. (Nasdaq:ARQL) recently announced that the Company will present at the Lazard Capital Markets 7th Annual Healthcare Conference on November 17, 2010 at 11:30 a.m.. Eastern Time.
ArQule is a biotechnology company engaged in the research and development of next-generation, small-molecule cancer therapeutics.
Array BioPharma Inc. (Nasdaq:ARRY) recently announced that its Chief Executive Officer, Robert E. Conway, will speak at the Lazard Capital Markets 7th Annual Healthcare Conference in New York City. The public is welcome to participate in the conference through a webcast on the Array BioPharma website.
Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer and inflammatory diseases.
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