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Crown Equity Holdings, Inc. (CRWE.OB) Reports Improved Financials for First Quarter 2010

One company that has started to catch the attention of investors is Crown Equity Holdings, Inc. Located in Las Vegas, Nevada, Crown Equity is a consulting organization which provides and assists small business owners with the knowledge required to take their company public and provides stellar web-based advertising. Today, Crown Equity took a major step towards enhancing its future when they filed their Form 10-Q for the first quarter of 2010 stating the company’s financial condition.

The first quarter of 2010 displayed a major financial improvement for the young company from the same quarter in 2009. In this year’s first quarter, Crown Equity reported revenue of $324,776 compared to $6,144 for the first quarter ending in 2009. This year’s first quarter represented a loss of only $8,563 as opposed to last year where the first quarter had a $255,550 loss. The lost in 2010 was due primarily to an unrealized loss of $134,025 on securities held by the company.

Leading the way at Crown Equity is Kenneth Bosket who serves as the company’s President and CEO. Bosket was quoted as saying, “Although we suffered a loss during the quarter, we are pleased by the improvement by the Company during the last quarter over the previous comparable quarter. Our team and the support of our clients have helped in our continual improvement over the previous periods, as well as set the stage to continue our impressive growth into the future.”

Currently, Crown Equity is trading in the $0.18 range. With a major improvement in their financials and more exciting news potentially in the pipeline, Crown Equity Holdings is a company to keep an eye on.

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