Crown Equity Holdings Inc. (OTCPK:CRWE)
CRWE announces that its sales this year have already surpassed $1,000,000. This compares to $232,510 for the three quarters ending September 30, 2009 and $ 659,907 total sales for the year 2009.
"Based on our sales to date, we had more than 4 times the sales for the same period last year and are 34% ahead of last year's total sales," commented Kenneth Bosket, President and CEO of CRWE "Our growth in sales along with our investments in infrastructure and people give the company a basis for supporting future growth of the magnitude we have seen so far this year," stated Bosket.
"We are pleased with the continued progress during the last six months compared to the same period in the previous year," commented Kenneth Bosket, President and CEO of CRWE "Not only do our financial results show strong growth during this year, but we continue to build our internal structure to support future growth," stated Bosket.
CRWE has increased its workforce to an amount of 35, compared to this time last year's head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.
CRWE has expanded its internet footprint internationally to include the following 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
CRWE assists and consults with domestic and foreign companies interested in becoming publicly traded in the United States. CRWE, through its subsidiary, Crown Trading Systems, Inc., designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals. CRWE also engages in the sale of various electronic products under the CTS Products trade name; and resale and distribution of computer components through its Web site, crowntradingsystems.com. CRWE was formerly known as Visioneering Corporation and changed its name to Crown Equity Holdings Inc. in 2006. CRWE was founded in 1995 and is based in Las Vegas, Nevada. CRWE is a subsidiary of Crown Marketing Corporation.
To learn more about CRWE visit: http://www.crownequityholdings.com
Newtek Business Services, Inc. (Nasdaq:NEWT)
NEWT, The Small Business Authority, has announced that it has entered into an agreement with Capital One, N.A. reflecting a summary of proposed terms of a warehouse line of credit to be used to fund additional Small Business Administration ("SBA") 7(a) loans. If finally agreed to by the Bank and the Company, the credit facility would be used to fund those portions of SBA loans made that are guaranteed by the SBA, with funds received on the sale by the Company of those portions reducing the credit facility. This is a different additional facility to the current term facility that exists with Newtek. This facility also requires SBA approval which we received on the prior facility.
NEWT, through its subsidiaries, provides business services to the small-and medium-sized business markets in the United States. NEWT provides electronic payment processing services, including the marketing of credit and debit card processing services; check approval services; and ancillary processing equipment and software to merchants who accept credit cards, debit cards, checks, and other non-cash forms of payment. NEWT also provides shared and dedicated hosting services, such as domain registration, Linux-based Web hosting, and Web-based data storage and back-up services under the CrystalTech brand name. In addition, NEWT originates, sells, and services small businesses loans by the U.S. Small Business Administration to acquire commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions. Further, NEWT offers personal, commercial, and health/benefits line of insurance products to customers of affiliated companies, as well as alliance partners; accounts receivable financing, billing, and accounts receivable maintenance services; Web design and development services; off-site data backup, storage, and retrieval services; and payroll management processing and employee tax filing services. NEWT has strategic partnerships and contracts primarily with Credit Union National Association; PSCU Financial Services; and Fiserv Solutions, Inc. NEWT was founded in 1998 and is headquartered in New York, New York.
To learn more about NEWT visit: http://www.newtekcapital.com
Morgan Stanley (NYSE:MS)
MS announced today that it has named Paul Price Head of Morgan Stanley Investment Management International Sales. Mr. Price will oversee the institutional and intermediary sales, consultant relations and business development teams in Europe, Middle East, Africa, Asia and Latin America. In this new role, Mr. Price will be based in London.
“Paul brings more than two decades of asset management experience and has a proven track record of building institutional distribution organizations across asset classes,” said Lisa Jones, Global Head of MSIM Sales.
Navtej S. Nandra, Head of MSIM International, added, “Paul will play a key role in strengthening MSIM’s international footprint, working closely with Lisa, Jack O’Connor, our new head of North America Sales, and me.”
MS, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. MS operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. MS was founded in 1935 and is headquartered in New York, New York.
To learn more about MS visit: http://www.morganstanley.com
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