CNO Financial Group, Inc. (NYSE:CNO) announced the pricing of $275 million aggregate principal amount of 9.0% senior secured notes due January 2018. The notes were priced at par. The Company intends to use the net proceeds, together with the net amount to be received under a new $375 million senior secured credit facility, plus available cash, to retire the Company's existing senior credit facility.
The notes are to be offered and sold to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in reliance on Regulation S under the Securities Act, with closing expected to occur on December 21, 2010.
CNO Financial Group, Inc., through its subsidiaries, engages in the development, marketing, and administration of supplemental health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States.
Crown Equity Holdings Inc. (OTC:CRWE) 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.
Crown Tele Services Inc. (http://www.crownteleservices.com) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Crown Offers the following Serivces:
- Advertisement Campaign
- Tagging & Stock Alerts
- E-Mail Campaigns
- Message Boards
- Research Reports
- CRWE Newswire
- I.T. Services
- Video Production
- Article Writing
- Go Public on the German Stock Exchange
With the World Wide Web, you can distribute various announcements to millions of users in a timely manner.
Because there is virtually no time lag from the time it takes to publish information to making the information available to users, the Web is an ideal medium to publicize announcements.
As more people discover the virtues of the Web and get connected to the Internet, the Web will become the medium of choice for many organizations and individuals to publicize various announcements.
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.
Hosted IP-PBX is a remarkable alternative that any others based IP PBX system. It delivers a productive number of business-grade calling features and combines all of your local, long distance and access to the internet services over a single network connection.
By doing this, it is possible to benefit from all of the calling features anywhere in the world. In this case, Kenneth Bosket, President and CEO of Crown Equity Holdings Inc, commented: “Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business.
Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth.”
Terra Nova Royalty Corporation (NYSE:TTT) announced that they will distribute approximately 6,257,039 shares (the "KID Shares") of KHD Humboldt Wedag International AG ("KID"), representing approximately 19.3% of the total issued KID Shares, by way of a pro-rata return of capital (the "Distribution") to the Company's shareholders.
The Distribution will be made to shareholders of record as of December 31, 2010 (the "Record Date on the basis of one KID Share for every ten common shares of the Company held at the Record Date (no fractional shares will be issued and amounts will be rounded to the nearest whole number and tax-free to the Company and not subject to Canadian withholding tax for shareholders.
Terra Nova Royalty Corporation operates as a mineral royalty company in Canada. It owns a royalty stream on the Wabush iron ore mine located in Labrador Newfoundland.
BPZ Resources, Inc. (NYSE:BPZ) announced that Manolo Zuniga, President and Chief Executive Officer, will present at the Canaccord Genuity Global Energy Conference on Wednesday, December 1, 2010.
The presentation is scheduled to begin at 9 A.M. Eastern Time and can be accessed via the web at the following link: www.wsw.com/webcast/canaccord3/ Houston-based BPZ Energy is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.2 million acres in four properties in northwest Peru.
BPZ Resources, Inc. engages in the exploration, development, and production of oil and natural gas in Peru and Ecuador. The company has rights and license agreements for oil and gas exploration.
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