Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc (OTCBB:CRWE) announced freshly 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 the company’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
CRWE has launched its crwenewswire.fr website to provide news in France’s native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.ca shortly.
“The new website is one step in many towards the company goal of expanding its footprint internationally, ” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Our 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, as well as within cities of every state of our country,” stated Mr. Bosket.
CRWE plans to add more European companies to its CRWEnewswire network.
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.
CRWE reported that it has added a company known as PenStox.com, a German Small Cap Service Provider led by Lars Schmidt, to its CRWENewswire.com team. PenStox.com will moderate the German CRWEnewswire websites in Germany.
PenStox.com, which just relaunched its small cap investor community website, is a German-based media source for publicly traded small cap companies and investors to come together and discover market opportunities.
CRWE has reported its 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. The Company 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. The Company 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 the Company.
CRWE recently reported that it will implement a forward stock split of its common stock on a one-for-ten basis. In connection with this forward split, the Company will increase its authorized shares from 500,000,000 to 1,000,000,000 shares.
Ken Bosket, CEO of Crown Equity Holdings, said, “The Company and shareholders are elated to see their shares multiplied by ten. 10,000 shares became100,000 shares and 100,000 shares became 1,000,000 shares, and we believe this is just the beginning. Thus watch us grow, we are debt free, and our revenues have been increasing every quarter.”
More about CRWE at: www.crownequityholdings.com
Tenneco Inc. (NYSE:TEN) reported third quarter net income of $10 million, or 17-cents per diluted share, up from a net loss of $8 million, or 17-cents per diluted share, in third quarter 2009.
Net income increased to $24 million, or 39-cents per diluted share, from $3 million, or 7-cents per diluted share, a year ago, on a higher share count.
EBIT (earnings before interest, taxes and noncontrolling interests) was $67 million, up 90% from $35 million a year ago. Adjusted EBIT was $77 million, up 64% from $46 million in third quarter 2009.
EBITDA including noncontrolling interests (EBIT before depreciation and amortization) was $122 million, a 35% increase from $90 million the prior year. Adjusted EBITDA including noncontrolling interests was $129 million, a 28% increase from $101 million a year ago.
MBIA Inc. (NYSE:MBI) reported that it will host a webcast and conference call for investors on Wednesday, November 10, at 8:00 a.m. (EST) to discuss its third quarter 2010 financial results and other issues related to MBI.
Astronics Corporation (NASDAQ:ATRO), a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, reported that it will release its third quarter 2010 financial results before the opening of financial markets on Thursday, November 4, 2010.
The release of the financial results will be followed by a company-hosted conference call and audio webcast at 1:00 p.m. ET.
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