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EXXI, CRWE, PLXS, NDAQ - Energy XXI, Crown Equity Holdings, Plexus, NASDAQ OMX

Oct. 30, 2010 2:27 PM ETPLXS
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Crown Equity Holdings Inc. (OTCPK:CRWE)

CRWE announced recently that it is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase CRWE’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.

The new office in the city of Attock, as well as the office in Islamabad will be managed by Zeeshan Shabbir.

Crown Equity Holdings is in the process of developing its Arabic language CRWE Newswire site for news occurring in Pakistan and elsewhere around the world.

Crown Equity Holdings Inc. announced in June of this year its 1- 10 forward stock split, as well as in August announcing that the company had surpassed One Million dollars (1,000,000) in sales. CRWE is utilizing today’s technology to advertise, promote and market public companies globally. CRWE’s proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. CRWE publishes financial content to all the major countries and covers all the accredited stock exchanges. The goal for 2010 is to have all CRWE’s clients’ press releases, articles and news content published in every major financial country’s native language.

Crown Equity Holdings Inc. utilizes the services of Malone & Bailey auditing services, as well as the law firm of McDowell Odom LLP.

CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE’s primary vision with its 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 its clients.

To learn more about CRWE visit: http://www.crownequityholdings.com

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Energy XXI (Bermuda) Limited (Nasdaq:EXXI) reported the pricing of its previously announced concurrent offerings of $249 million (12 million shares) of its common stock and $250 million (1 million shares) of 5.625% convertible perpetual preferred stock.

EXXI also granted the underwriters a 30-day option to purchase up to 1.8 million additional shares of its common stock and 150,000 additional shares of its convertible preferred stock to cover over-allotments, if any. EXXI had initially targeted gross proceeds of $400 million, but upsized the offering based on investor demand. Both offerings are expected to settle and close on Nov. 3, 2010, each subject to customary closing conditions.

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Plexus Corp. (Nasdaq:PLXS) has signed an agreement with the Municipality of Oradea for the development of a new manufacturing facility in the city's newly established industrial park.

The new building will be located on approximately 22 acres of land in the Eurobusiness Industrial Park in Oradea. PLXS plans to develop a state of the art manufacturing facility of between 160,000 to 215,000 sq feet with an anticipated investment of $25 to $30 million. Construction of the facility is expected to begin in 2011.

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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) reported solid results for the third quarter of 2010.

Net income attributable to NDAQ for the third quarter of 2010 was $101 million, or $0.50 per diluted share, compared with $96 million, or $0.46 per diluted share, in the second quarter of 2010, and $60 million, or $0.28 per diluted share, in the third quarter of 2009.

Included in the third quarter of 2010 results are $4 million of expenses associated with workforce reductions, merger and strategic initiatives, and other items, offset by $4 million of benefits associated with the tax impact of these items and certain other tax adjustments.

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