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PERF, MJS.V, SCEI, CRWE, AMOT - Stock News & Reviews from CRWEpicks.com

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Perfumania Holdings, Inc. (Nasdaq:PERF) announced that Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores throughout the United States and Puerto Rico, reported total net sales of $23.5 million for the four week fiscal month of November 2010 which ended November 27, 2010 versus $26.7 million for the four week fiscal month of November 2009 which ended November 28, 2009.

On a year-to-date basis, total net sales were $188.3 million in the current year compared with $187.3 million last year. For the month of November 2010, comparable store sales decreased by 10.4%.

Perfumania Holdings, Inc. engages in the manufacture, wholesale, and retail of designer fragrances and related products in the United States.

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http://pennyomega.com/img/mjs.jpg 

Majestic Gold Corp. (TSX.V:MJS) is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China.

On April 23, 2010, Majestic released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic is aggressively pursuing a pre-feasibility study.

A recently announced agreement will increase Majestic’s effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.

Song Jiaguo Project

The Song Jiaguo Property is located on the Jiaodong Peninsula in Muping County, the Shandong Province, the People’s Republic of China. The property lies on the western edge of the Muping-Fushan Gold Belt, which hosts 20% of the known gold deposits on the Jiaodong Peninsula.

Gold production from the entire peninsula accounts for over 25% of China’s annual gold production, presently estimated to be 288 tonnes or 9.3 M ounces. Gold deposits in the belt are commonly controlled spatially by fault zones.

To the south of the property, the Pengjiakuang Gold Deposit (>650,000 oz) occurs in the same structural environment within Cretaceous Laiyiang conglomerates which underlie the Song Jiaguo Property.

Project Highlights:

  • Situated in a well-known Gold Belt
  • Existing NI 43-101 Resource Estimate (2.5 M ounces)
  • In production - 1,400 tpd operation
  • Mill expansion program underway = an increase in production within six months
  • Contract mining = low production cost
  • Management with proven track record
  • Excellent entry point = low market cap

For more information about this company please visit http://www.majesticgold.net/

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Sino Clean Energy Inc (Nasdaq:SCEI) a leading producer and distributor of coal-water slurry fuel ("CWSF") in the People's Republic of China ("China"), announced that it has closed its previously announced sale of 5,465,000 shares of its common stock at a price of $5.25 per share.

On December 22, 2010, the underwriters exercised their over-allotment option to purchase an additional 819,750 shares of common stock. The Company received aggregate net proceeds of approximately $29.6 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

Sino Clean Energy Inc., through its subsidiaries, operates as a third party commercial producer and distributor of coal-water slurry fuel (CWSF) in the Peoples Republic of China.

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Crown Equity Holdings, Inc. (OTCBB:CRWE) announced that its subsidiary company, Crown Tele Services Inc. 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.

Hosted IP-PBX lets you share a number of incoming phone lines among a larger number of extensions, so it’s not necessary to pay for a separate line for every office employee or workstation, which saves money. But the implementation and ongoing maintenance of an VOIP PBX system requires a type of expertise that your IT staff may not have. And if you go with a commercial product, the up-front costs for the hardware and software may be high.

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them.

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

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Allied Motion Technologies Inc. (Nasdaq:AMOT) announced it has completed the purchase of 100% of the stock of Östergrens Elmotor AB (Östergrens), headquartered in Solna, Sweden that was previously announced on December 17, 2010. The amount paid at closing was $8.3 million, consisting of approximately $7.4 million of cash and 136,700 shares of common stock of Allied Motion.

Additional amounts may be paid in cash to the sellers based on Östergrens meeting certain performance criteria through the end of 2011.

Allied Motion funded the acquisition primarily with cash on hand, as well as utilization of the Company’s existing credit facility. For reference purposes, the original Press Release announcing the agreement follows in its entirety.

Allied Motion Technologies Inc. designs, manufactures, and sells motor, servo motion, and optical encoder products. It offers brushless and brush direct current (DC) motors, drives, and control electronics, such as servo motors, frameless motors, torque motors, and high speed brushless DC motors.

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Crown Equity Holdings Inc. (OTCPK:CRWE) has received twenty-five thousand dollars in cash from Majestic Gold Corp. TSX Venture Exchange (TSX.V:MJS) and the Frankfurt Stock Exchange (FSE:MJT) for 30 (thirty) days of advertising, as well as for assistance in becoming a fully reporting publicly trading Bulletin Board company.