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Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. (OTCBB:CRWE) (http://www.crownequityholdings.com) announced today that its subsidiary company, 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.
Commenting on the venture, Kenneth Bosket, president said, "We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice."
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.
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 .
"Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business," commented Kenneth Bosket, President & CEO of Crown Equity Holdings Inc. "Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth," stated Bosket.
CRWE is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.
Nuveen Maryland Premium Income Municipal Fund (NYSE:NMY) announced that 114 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow.
Nuveen Maryland Premium Income Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management. It invests in the fixed income markets of Maryland. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Maryland income taxes.
Total System Services, Inc. (NYSE:TSS) announced on Dec 14, 2010 the promotion of five team members to its executive management team. David Chew, John Dale Hester, Bruce Jones, Daryl Seaman and Marie Williams have all been promoted to the Group Executive level. “It is gratifying to recognize those in our company who perform exceptionally well over the course of their careers,” said M. Troy Woods, president and chief operating officer of TSYS. “I am extremely proud of these individuals, who consistently display dedication to serving our clients and one another.”
Total System Services, Inc. provides electronic payment processing, merchant services, and related services to financial and nonfinancial institutions in the United States and internationally. The company’s electronic payment processing services include providing issuer processing services for consumer credit, retail, debit, stored value, government services, and commercial card accounts.
BlackRock New York Insured Municipal Income Trust (NYSE:BSE) announced distributions and special distributions on Dec 6, 2010.Several of the Funds announced dividend increases. These dividend increases take into account each Fund’s earnings potential in light of the current market environment.
BlackRock New York Insured Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax, and New York State and New York City personal income taxes.
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