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Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. is pleased to report 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. CRWE 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. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE .
Crown Equity Holdings Inc. is pleased to announce its joint venture with Communication Expert Corporation.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communications solutions specifically designed to meet the business and residential market needs.
"We are excited to be partnering with Communication Expert Corporation," said Kenneth Bosket, President of CRWE "As part of this joint venture we look forward to building an outstanding team to develop and deliver voice and video VoIP services globally."
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
To learn more about CRWE visit: http://www.crownequityholdings.com
Massey Energy Co. (NYSE:MEE) reported that it has entered into an amended and restated asset-based revolving credit agreement, which provides for available borrowings, including letters of credit, of up to $200 million, depending on the level of eligible inventory and accounts receivable. Subject to certain conditions, at any time prior to maturity, Massey may elect to increase the size of the facility up to $250 million. The previous credit limit was $175 million, including letters of credit. The facility’s maturity has been extended to May 2015. Currently under this facility there are $76.4 million of letters of credit issued and there are no outstanding borrowings.
Massey Energy Company, through its wholly owned subsidiary, A.T. Massey Coal Company, Inc., produces, processes, and sells bituminous coal primarily in the United States. As of January 31, 2010, it operated 56 mines, including 42 underground mines and 14 surface mines in West Virginia, Kentucky, and Virginia.
Health Care REIT Inc. (NYSE:HCN) announced that it has priced an offering of $450 million in aggregate principal amount of 4.95% Senior Notes due January 15, 2021. The notes were priced at 99.349% of their face amount to yield 5.031%. Subject to customary closing conditions, the offering is expected to close on November 16, 2010. The company intends to use the net proceeds from this offering for general corporate purposes, including investing in health care and senior housing properties.
Health Care REIT, Inc. is an equity real estate investment trust. The firm engages in investment, development, and management of properties. It primarily invests in health care properties.
ITT Corporation (NYSE:ITT) The U.S. Air National Guard has awarded ITT Corp. (NYSE:ITT) a $4.3 million contract to integrate and test an all-weather targeting pod in its F-16 fighter aircraft. This upgraded Thunder Radar Targeting Pod will enable pilots to complete missions in the most challenging weather conditions, day or night. The system provides advanced Synthetic Aperture Radar capability to all models of the F-16, magnifying targets on the ground and providing a clear picture of threats to allied forces. The pod’s aircraft interface is the same as that of the electro-optical (EO) pods currently in use, which permits efficient installation and transfer between aircraft as mission requirements dictate. This low-cost solution provides older F16s with advanced targeting capabilities without requiring aircraft structural changes or changes to current radar systems.
ITT Corporation designs, manufactures, and sells a range of engineered products, and provides related services worldwide. The company’s Defense segment provides a range of information, situational awareness, and electronic warfare systems for multiple military aircraft, surface ships, submarines, and ground vehicles; systems integration, communications, engineering, and technical support solutions.
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