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  • NVSL, CRWE, ELX, ECTY, AGII Stock Alert From DoubleInStocks.com 0 comments
    Nov 12, 2010 5:20 PM

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    Naugatuck Valley Financial Corporation (Nasdaq:NVSL) and Southern Connecticut Bancorp, Inc. (NYSE Amex:SSE) announced jointly today that they have mutually agreed to terminate their merger agreement, citing inability to obtain regulatory approval of the proposed transaction.

    John C. Roman, Naugatuck Valley Financial's President and Chief Executive Officer, said, "We are disappointed that we are unable to proceed with the proposed transaction. However, market conditions and the regulatory environment have changed significantly since we entered into the merger agreement in February, which has affected how the regulators perceive the financial metrics of the combined institution. Naugatuck Valley Savings and Loan remains a well-capitalized and profitable institution. Our Board of Directors remains dedicated to promoting the best interest of Naugatuck Valley Financial Corporation and its stockholders and other constituencies."

    John H. Howland, Southern Connecticut Bancorp's President and Chief Operating Officer, said, "We share in Naugatuck's disappointment because we continue to believe that the proposed merger would have been in the best interests of Southern Connecticut and its stockholders and other constituencies. The Bank of Southern Connecticut remains a well-capitalized institution."

    ****

    Crown Equity Holdings Inc. (OTCBB:CRWE) recently 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.

    ****

    Emulex Corporation (NYSE:ELX) reported that its broad portfolio of OneConnect™ 10Gb/s Ethernet, Internet Small Computer System Interface (iSCSI) and Fibre Channel over Ethernet (FCoE) Universal Converged Network Adapters (UCNAs) and LightPulse® Fibre Channel Host Bus Adapters (HBAs) are now supported on the new Red Hat Enterprise Linux 6 platform introduced recently.

    ****

    ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, reported that electric vehicle (NYSE:EV) charging stations will be installed at Vanderbilt University Medical Center (VUMC) as part of The EV Project, the largest deployment of EV charging infrastructure in history, university officials announced today.

    VUMC has been chosen to participate in the pilot rollout that will install more than 15,000 charging stations by June 2011 in 16 cities and metropolitan areas in six states, as well as Washington, D.C.

    As project manager of The EV Project, ECTY is overseeing the $230 million public-private initiative, which is funded with a $114.8 million grant from the U.S. Department of Energy through the American Recovery and Reinvestment Act.

    ****

    Alteris Inc., a services-oriented, complete solutions provider for the managing general agency community and a wholly-owned subsidiary of Argo Group International Holdings, Ltd. (Nasdaq:AGII), reported the acquisition of ARIS Title Insurance Corporation (“ARIS”), the world’s first underwriter of title insurance for fine art and collectible personal property.

    ARIS, a statutory insurance company domiciled in New York, was acquired through Argo Group US, Inc. and will continue to operate as a separate legal entity and title insurance underwriter with its established management team.

     

     

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    THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

    Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DoubleInStocks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. (Read more at: http://doubleinstocks.com/disclaimer) Release of Liability: Through use of this website viewing or using, you agree to hold DoubleInStocks.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.

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