Crown Equity Holdings Inc. (CRWE.OB)
Crown Equity Holdings Inc. (OTCBB:CRWE) (http://www.crownequityholdings.com) just recently announced that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com ) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Crown Equity Holdings Inc. (OTCBB:CRWE) 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.
Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business, commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth, stated Bosket.
Crown Equity Holdings Inc. is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.
Douglas Lake Minerals Inc., (DLKM.OB) has recently filed a NI 43-101 Technical Report on its four 100% owned prospecting licenses which cover 800 square kilometers in the Handeni District of eastern Tanzania. This area recently has been recognized as an important gold district after the Magambazi gold find.
The 43-101 report details the first and second phases of exploration over the license area. In the Company's November 23rd release it was disclosed that the first phase airborne geophysical survey effectively outlined the folded and faulted geologic terrain as well as five prominent Northwest-Southeast trending shear zones that extend through the Douglas Lake ground. The second phase work program concentrated on collecting and analyzing soil geochemical samples on both detailed grids as well as reconnaissance style control lines across the large project area.
Douglas Lake Minerals has acquired two highly prospective gold projects in Tanzania. The Company has an experienced management and technical team of mining and investment professionals, and has made a strategic decision to focus exclusively on its two flagship properties the recently purchased Handeni Gold Project and the Mkuvia Alluvial Gold Project.
Douglas Lake is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania.
Wausau Paper Corp. (NYSE:WPP) will release 2010 fourth-quarter and year-end financial results on Monday, February 7, 2011, after the close of the New York Stock Exchange. The company will hold a webcast to discuss earnings and current market conditions at 11:00 a.m. Eastern time on Tuesday, February 8. All interested parties are invited to listen to the webcast via the investors section of the company's Internet site at www.wausaupaper.com. A replay of the call will also be available on the website from 1:30 p.m. Eastern time on February 8, 2011 until midnight February 15.
Wausau Paper Corp. manufactures, converts, and sells paper and paper products in the United States and internationally. It operates in two segments, Paper and Tissue. The Paper segment focuses on five core markets: food, liner, print and color, industrial, and tape.
Symmetry Medical, Inc. (NYSE:SMA) announced that its Board of Directors has appointed Thomas J. Sullivan as President and Chief Executive Officer, effective January 17, 2011. Brian S. Moore, Symmetry's current President and Chief Executive Officer, will remain with the Company as President of Business Development. Mr. Moore will also continue as a member of the Symmetry Board of Directors and will be available to assist the executive team in a smooth transition. Mr. Moore will remain with Symmetry through June 2012, with the option to extend the agreement upon mutual consent.
Symmetry Medical Inc. designs, develops, and produces implants and related surgical instruments and cases to orthopedic device manufacturers worldwide. It offers orthopedic implants that are used in reconstructive surgeries to replace or repair hips, knees, and other joints, such as shoulders, ankles, and elbows; trauma implant systems, which are used primarily to reattach or stabilize damaged bone or tissue while the body heals; and spinal implant systems.
American Vanguard Corp. (NYSE:AVD) announced that it entered into a new $137 million senior secured credit facility with a syndicate of banks led by Bank of the West. The facility consists of a revolving commitment of $75 million, and an initial term commitment of $62 million. Also included in the credit facility is an accordion feature of up to $50 million. Both the revolving line of credit and the term loan mature on January 10, 2016. The facility replaces the Company's previous $135 million facility, which the Company has retired in full through borrowing from the new facility. The Company intends to utilize the facility as needed for ongoing working capital requirements and to support the Company's growth strategy. Further detail is included in the Company's Form 8-K being filed with the Securities and Exchange Commission shortly.
American Vanguard Corporation, through its subsidiaries, engages in the manufacture, development, and marketing of specialty chemical products for agricultural and commercial uses in the United States and internationally.
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