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CRWE.OB, HOMB, LOAN, & ACHN: Achillion Reports Third Quarter and Nine Month Financial Results

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Crown Equity Holdings Inc. (OTC BB: CRWE.OB)

Crown Equity Holdings Inc. knows that bigger is better. That’s why the company is expanding its business by opening a second office in Pakistan. With its mission to increase its offerings of up-to-date news and world affairs from the Mideast, Far East and Europe, the company will add an additional workforce of 25 associates to the CRWE Newswire team. The new venue will be located in the city of Attock and will be managed by Zeeshan Shabbir, who also runs the office in Islamabad, Pakistan. CRWE’s proprietary network technology allows its publishing department to get its content to millions of readers daily across the world.

Crown Equity HoldingsCRWE Newswire is growing with the flow.The company has announced that it is expanding its business by opening another office in Pakistan. The new venue will be located in the city of Attock and, like its sister office in Islamabad, will be managed by Zeeshan Shabbir. In the process of adding an additional workforce of 25 associates to the CRWE Newswire team, the new office will increase the company’s offerings of up-to-date news and world affairs from the Mideast, Far East, and Europe via its online newswires.

Crown Equity Holdings, Inc. has increased its workforce to an amount of 35, compared to this time last year’s head count of 6, which is a 580% personnel increase . This is in addition to the 10 contractors we recently hired in Pakistan.

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Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, reported that it would participate as a presenter at the Stifel Nicolaus Bank & Thrift Conference to be held in New York on November 2, 2010.

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Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) reported that total revenues for the three month period ended September 30, 2010 were approximately $306,000 compared to approximately $289,000 for the three month period ended September 30, 2009, an increase of $17,000 or 5.9%. The increase in revenue represents an increase in lending operations.

For the three month period ended September 30, 2010, $256,000 of the company's revenue represents interest income on the short term secured commercial loans that we offer to small businesses compared to $235,000 for the same period in 2009, and $51,000 represents origination fees on such loans compared to $54,000 for the same period in 2009.

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Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN), a leader in the discovery and development of small molecule drugs to combat the most challenging infectious diseases, reported financial results for the three and nine months ended September 30, 2010.

For the third quarter of 2010, the Company reported a net loss of $7.2 million, compared with a net loss of $6.4 million for the same period last year. Cash, cash equivalents and marketable securities as of September 30, 2010 were $62.2 million.

 

 

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