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Gold, Energy, Software, Consulting, IT Services Deals For Your Sunday Afternoon News - BITS, CRWE, PTSH, ANV, ALY

|Includes: ALY, ANV, Bitstream Inc. (BITS)

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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.

 

For more information about CRWE, please visit: www.crownequityholdings.com

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PTS, Inc. (OTCBB:PTSH) announced recently that through its ThinLine division it has signed a 3 year IT Services deal with United Power.

United Power is acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business.

United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.

United Power required an IT solution that would allow them to contact one source for all of their IT needs.

United Power Team

“United Power is a well-established and quality company that has been a leader in their field for decades” stated Raj Kalra CEO of PTS. “They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine’s managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers,” added Raj Kalra.

About United Power Inc.

United Power Inc. is your Distributor of Choice for medium voltage power applications. They have been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for Customer sensitivity, fair dealing and exceptional quality during this time. United Power is founded on honesty, integrity and service.

The legacy to our industry is that we are acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspects of the electrical utility business.

The Company tries to understand and anticipate our Customers’ needs - quality products, delivered promptly and correctly at fair prices along with the expertise to provide the correct solutions. www.unitedpowerinc.com

Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its "70% ownership". Raj Kalra, CEO of PTSH explains, "PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement last week. In exchange of my 70% ownership I received restricted shares of PTSH stock. ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won't close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.

http://www.ptspi.com

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Please join Bitstream (NASDAQ: BITS) President and CEO Anna Chagnon and Vice President and CFO Jim Dore for the third quarter fiscal year 2010 conference call. The company will discuss third quarter results. The details for the call are as follows:

Date: November 15, 2010
Time: 4:30 PM Eastern Standard Time
Dial-In Number: (866) 244-4526
International: (703) 639-1172

Bitstream Inc. develops software technologies and applications for the graphic art and mobile communications industries.

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Allied Nevada Gold Corp. (AMEX:ANV) is pleased to announce that is has received metallurgical test results from additional composite samples for its Hycroft mine located near Winnemucca, Nevada. The Company has included the new composite test results in a geologically representative metallurgical model, which includes all metallurgical test results received to date for milling oxide and sulfide mineralization. Based on the 39 composites included in the model, average recoveries, based on rock type and tonnage weighted, are expected to be 86.6% for gold and 84.1% for silver (compared with previous test work which indicated recoveries of 87.2% for gold and 81.7% for silver).

Allied Nevada Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in the State of Nevada.

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Allis-Chalmers Energy Inc. (NYSE:ALY) reported results for the third quarter of 2010. Revenues for the third quarter of 2010 increased 45.2% to $174.3 million compared to $120.0 million for the third quarter of 2009, and Adjusted EBITDA increased 77% in the third quarter of 2010 to $34.5 million compared to $19.5 million for the third quarter of 2009. Allis-Chalmers reported a net loss attributed to common stockholders for the third quarter of 2010 of $3.2 million, or $0.04 per diluted share, after preferred stock dividend of $637,000, compared to a net loss of $10.3 million, or $0.14 per diluted share in the third quarter of 2009, after preferred stock dividend of $630,000.

Allis-Chalmers Energy Inc. provides services and equipment to oil and natural gas exploration and production companies in the United States. The company operates through three segments: Oilfield Services, Drilling and Completion, and Rental Services.

 

 

 

 

 

 

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