Crown Equity Holdings Inc. (OTCBB:CRWE) 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. Crown Equity Holdings Inc. announced in June of this year its 1- 10 forward stock split.
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“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 and 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.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
Synthesis Energy Systems, Inc. (Nasdaq:SYMX) an alternative energy company that provides advanced technology products and solutions to the global energy industry, announced that it has demonstrated, at commercial scale, a significant advancement in its proprietary U-GAS® coal gasification technology that has resulted in increased coal carbon conversion to approximately 98% or greater. The newly developed fines management system was the product of a 12-month undertaking by the SES team in China to fundamentally increase gasification efficiency. This process improvement was demonstrated at the Company's Zao Zhuang joint venture plant in China over a two-month period using low quality, high ash, and low-heating value coals.
Synthesis Energy Systems, Inc., a development stage company, focuses on developing and commercializing gasification technology primarily in China and the United States.
Fonar Corp. (Nasdaq:FONR) The Inventor of MR Scanning, announced that a provider of outpatient diagnostic services (a FONAR customer) and several Stand-Up MRI diagnostic imaging professional corporations (PCs) announced to received a jury verdict in their favor in an anti-trust lawsuit against CareCore National, LLC, a radiology benefits management (RBM) company (carecorenational.com). This antitrust lawsuit involved CareCore National's exclusion of the plaintiffs, all of them providers of MRI services using Stand-Up MRI scanners (FONAR UPRIGHT® Multi-Position™ MRIs), from utilization by its member subscribers. CareCore Radiology, a division of CareCore National, covers more than 30 million member subscribers in all 50 states.
FONAR Corporation engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases.
Premierwest Bancorp (Nasdaq:PRWT) announced that shareholders overwhelmingly approved three proposals which give the Board of Directors the authority to effect a reverse stock split prior to the 2011 annual shareholder meeting. The proposals included three reverse stock split exchange ratios. If the Board of Directors elects to implement a stock split at one of the three ratios, the number of shares authorized would remain at 150 million with each proposal.
PremierWest Bancorp operates as the holding company for PremierWest Bank that provides a range of financial products and services to small and medium-sized businesses, professionals, and retail customers in southern and central Oregon and northern California.
Douglas Lake Minerals Inc. (OTCBB:DLKM) is pleased to provide an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania. Douglas Lake Minerals’ 100% owned Handeni Project is located within an area which has been interpreted as belonging to a reworked component of the same Archean superterrane that hosts the gold deposits of Geita (Anglo Gold) and Bulyanhulu (Barrick) in Tanzania.
The project consists of 4 prospecting licenses covering approximately 800 km2 which are directly adjacent to, and partly surround, Canaco Resources Inc’s (V.CAN) 200 km2 Kilindi license which holds the Magambazi gold minerlization occurrence. The region has historically seen small-scale artisanal workings which originally allowed explorers to focus on the Magambazi prospect. Today the Handeni region is recognized to be one of the prime exploration targets for gold mineralization in Tanzania.
IPP Gold Limited, the previous holding company of the Handeni Project, performed extensive work on the area over several field seasons dating back to 2005. This work included geologic mapping, rock and soil sampling, some trenching, ground magnetic surveys as well as a large airborne magnetic and radiometric survey performed by the Council for Geoscience of South Africa. All geochemical analytical work was conducted by internationally accredited and independent laboratories, SGS Laboratories and/or Humac Laboratories, located in Mwanza, Tanzania.
Based on the prior work conducted on the area, Douglas Lake Minerals believes that certain portions of its Handeni Project possess excellent potential for shear-hosted economic gold vein mineralization to be determined. Mr. Sangha, CEO/director of Douglas Lake Minerals, comments, “We are very encouraged by the quality of data from prior work performed on the area, and we believe there are a number of high potential gold mineralization targets on the Douglas Lake ground. We are looking forward to the next phase of this project”.
Douglas Lake Minerals has requested a geologist to prepare a Technical Report on the Handeni Project in accordance with the provisions of National Instrument 43-101 (”NI 43-101″) of the Canadian Securities Administrators.
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