Cablevision Systems Corporation (NYSE:CVC) reported financial results for the fourth quarter and full year ended December 31, 2010. Fourth quarter consolidated net revenues grew 5.7% to $1.869 billion compared to the prior year period, reflecting solid revenue growth in Telecommunications Services1 and Rainbow2. Consolidated adjusted operating cash flow (“AOCF”) 3 grew 2.3% to $631.7 million and consolidated operating income grew 1.6% to $355.9 million, both compared to the prior year period. Fourth quarter 2010 results reflect the newly acquired Bresnan properties from the date of acquisition on December 14, 2010 including a $14.4 million contract termination charge.
Cablevision Systems Corporation, through its subsidiaries, operates as a telecommunications, media, and entertainment company. Its cable television operations serve approximately 5 million households and businesses in the New York metropolitan area.
National Health Partners, Inc. (National Health) (OTCBB:NHPR.OB), a leading provider of unique discount healthcare membership programs, announced that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
David M. Daniels, President and Chief Executive Officer of National Health Partners, stated: “I am thrilled to announce that we have finally achieved profitability. Due to the fact that our limited medical provider unexpectedly decided to exit the marketplace, we were unable to add any new CARExpress Plus limited medical sales during the 3rd quarter. Yet, despite this temporary setback, we were still able to substantially increase our revenue and reach profitability which is a testament to the underlying strength we have with our core CARExpress health discount programs. Although we achieved positive results in revenues and earnings, we anticipate much better results in 2011.”
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
More about NHPR at: www.nationalhealthpartners.com
HSBC Holdings plc (NYSE:HBC) released findings on the behavior and attitudes of America’s mass affluent towards global investing. Issued on behalf of its Premier banking and wealth management service offered through HSBC Securities (NYSE:USA) Inc. (“HSI”), the survey of those with total investable assets of $250,000 or more, found significant interest in international markets, yet acknowledged a wide gap between interest and actual portfolio allocation. The same gap existed for emerging markets, with 82 percent saying they present a “great investment opportunity,” yet also showed they need more information and confidence about where to allocate funds.
HSBC Holdings plc provides banking and financial services worldwide. The company?s Personal Financial Services group offers current and savings accounts, mortgages and personal loans, credit cards, and local and international payment services.
Due to the growth of information on the internet and the amount of time people use it, which has in turn created a new market for web-based advertising. Some of the wealthiest businesses in the world have made sure that they get a portion of the internet marketing pie, and for many valid reasons.
Crown Equity Holdings Inc. (OTCBB:CRWE.OB) has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
Crown Equity Holdings Inc. (OTCBB:CRWE.OB) 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 this 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 is a superior alternative that any others based IP PBX system. It delivers a productive set of business-grade calling features and integrates all your local, long distance and Internet access services over a single network connection. This way, you can take advantage of all the calling features anywhere in the world.
More about CRWE at: www.crownequityholdings.com
Lorillard, Inc. (NYSE:LO) announced that its Board of Directors approved a 16% increase in the quarterly dividend on its common stock from $1.125 per share to $1.30 per share. The dividend is payable on March 11, 2011 to stockholders of record as of March 1, 2011. This marks the second increase in the Company's dividend rate in the past six months and the third dividend increase since Lorillard became an independent publicly traded company in June 2008.
Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 41 different product offerings under the Newport, Kent, True, Maverick, Old Gold, and Max brand names.
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