Crown Equity Holdings Inc. (OTCPK:CRWE)
With the World Wide Web, you can distribute various announcements to millions of users in a timely manner. Because there is virtually no time lag from the time it takes to publish information to making the information available to users, the Web is an ideal medium to publicize announcements. As more people discover the virtues of the Web and get connected to the Internet, the Web will become the medium of choice for many organizations and individuals to publicize various announcements.
Crown Equity Holdings Inc. recently released 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.
CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE’s 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.
To learn more about CRWE visit: http://www.crownequityholdings.com
AutoNavi Holdings Limited (Nasdaq:AMAP) announced that it has entered into a strategic agreement with other major industry players to form the joint Guangdong Car Owner Service Platform, the largest platform in Guangdong, China to provide car owners with integrated all-around services including connected navigation services in the area. Powered by the vast wireless network of Guangdong Mobile, one of China Mobile's largest subsidiaries with approximately 70 million subscribers, the new platform will provide a broad offering of high-quality services including in-dash calling, real-time traffic updates, an internet network address book and information on travel options, in addition to discounts on Guangdong highway tolls and roadside assistance.
AutoNavi Holdings Limited provides digital map content and navigation and location-based solutions in the People’s Republic of China (PRC). The company offers digital map database to automobile manufacturers for use in in-dash navigation systems; and navigation solutions to portable navigation device manufacturers based on their needs, which range from digital map data only to digital map data.
Lacrosse Footwear Inc. (Nasdaq:BOOT) announced its preliminary, unaudited sales results for the quarter and year ended December 31, 2010. For the fourth quarter of 2010, LaCrosse expects to report net sales of approximately $52.1 million, up approximately 23% from the same period of 2009. For the full year 2010, net sales are expected to be approximately $150.6 million, up approximately 8% from 2009. Sales for the fourth quarter of 2010 increased strongly in both the work and outdoor markets. Work sales are expected to be approximately $31.2 million for the quarter, up approximately 24% from the same period in 2009. Outdoor sales are expected to be approximately $20.9 million for the quarter, up approximately 21% from the same period.
LaCrosse Footwear, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of footwear and apparel for the work and outdoor markets. The company offers work and outdoor boots under the brand name; and rubber and leather footwear, and rainwear and protective clothing under the brand name.
Gold's Usefulness as an Asset Diversifier:
Most portfolios are invested primarily in traditional financial assets such as stocks, bonds and mutual funds. Adding gold to a portfolio introduces an entirely different asset; a tangible or real asset, thus increasing the portfolio's degree of diversification. The purpose of diversification is to protect the total portfolio against fluctuations in the value of any one asset or type of asset. Gold does exactly that.
Gold has been widely used throughout the world as a vehicle for monetary exchange, either by issuance and recognition of gold coins or other bare metal quantities, or through gold-convertible paper instruments by establishing gold standards in which the total value of issued money is represented in a store of gold reserves.
Because of the softness of pure (24k) gold, it is usually alloyed with base metals for use in jewelry, altering its hardness and ductility, melting point, color and other properties. Alloys with lower caratage, typically 22k, 18k, 14k or 10k, contain higher percentages of copper, or other base metals or silver or palladium in the alloy.
Orofino Gold Corp. is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
ORFG was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
ORFG's corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
To learn about ORFG visit: http://www.orofinogold.com
East West Bancorp, Inc. (Nasdaq:EWBC) announced that it has fully repaid the $306.5 million of preferred stock issued to the U.S. Treasury Department under the TARP Capital Purchase Program. East West’s strong capital levels, balance sheet, and profitability allowed the Company to exit TARP without raising any capital or debt. East West used available cash to fund the repurchase of the preferred stock of $306.5 million and payment of the final dividend of $1.8 million. East West’s September 30, 2010 regulatory capital ratios and pro forma capital ratios excluding the repurchased preferred stock are detailed in the table below. East West’s pro forma September 30, 2010 regulatory capital ratios all significantly exceed the well-capitalized requirements. Even after the repayment of TARP, our capital ratios are among the highest in the nation.
East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California.
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