Fred's, Inc. (NASDAQ:FRED)
FRED will participate in the William Blair & Company 2010 Emerging Growth Stock Conference, which takes place October 5, 2010, in New York. The investor presentation by FRED's management is scheduled at 1:15 p.m. Eastern Time on Tuesday, October 5, and will be available to investors via a live webcast. A link to the webcast may be found at the investor section of FRED's website, and the event will be available for replay for a period of 90 days, using that same link.
FRED and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States. FRED offers pharmaceuticals, household goods, food and tobacco products, apparel and linens, health and beauty aids, household cleaning supplies, disposable diapers, pet foods, paper products, and various beverage products principally to low, middle, and fixed income families. FRED also sells general merchandise to franchised Fred's stores. As of April 3, 2010, FRED operated 669 discount general merchandise stores, including 24 franchised stores. FRED was founded in 1947 and is headquartered in Memphis, Tennessee.
To learn more about FRED visit: http://www.fredsinc.com
FreeSeas Inc. (Nasdaq:FREE)
FREE, a transporter of dry bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, announced recently that it has entered into shipbuilding contracts for the construction of two Handysize dry bulk vessels of approximately 33,600 dwt each for an aggregate purchase price of approximately $48.8 million. The vessels are scheduled for delivery in the second and third quarter of 2012.
FREE has secured, subject to customary legal documentation, commitments for pre-delivery and post-delivery debt financing up to an amount of $32.4 million from a leading international bank. FREE intends to use its balance sheet to pay the remainder of the purchase price.
Mr. Ion Varouxakis, Chairman & CEO of FREE, stated, "Over the past year, FreeSeas has focused its efforts on generating cash flowand improving its financial position in preparation for an expansion of our fleet. We are excited to announce these orders, which, upon delivery of the vessels, will continue our strategic focus on renewing our fleet and expanding its carrying capacity, considerably lowering its average age, and at the same time decreasing its cash break-even. The favorable financing terms we have negotiated will allow us to achieve all those objectives without diluting our shareholders or undertaking unsustainable financial obligations. We have placed the orders with attractive payment terms at a first-class Chinese shipyard, reputed for delivering quality vessels on schedule. Using our extensive experience in the Handysize sector, we have negotiated high-specification standards vessels with highly optimized commercial characteristics. We continue steadfast in our belief in the fundamentals of the Handysize sector, including what we see to be growing demand and balanced fleet growth."
FREE, through its subsidiaries, operates as an international dry bulk shipping company. FREE transports various dry bulk commodities, including coal, grains, and iron ore, as well as bauxite, phosphate, fertilizers, steel products, sugar, and rice worldwide. As of December 31, 2008, FREE's fleet consisted of seven Handysize vessels and two Handymax vessels. FREE was founded in 2004 and is based in Piraeus, Greece.
To learn more about FREE visit: http://www.freeseas.gr
Crown Equity Holdings Inc. (OTCPK:CRWE)
CRWE announces that it has launched its crwenewswire.fr website to provide news in France's native language. CRWE had previously launched its German website crwenewswire.de and is launching CRWE's Canadian website crwenewswire.ca shortly.
"The new website is one step in many towards CRWE's goal of expanding its footprint internationally, " commented Kenneth Bosket, President and CEO of CRWE "Our goal for 2010 is to have all CRWE's clients' press releases, articles and news content published in every major financial country's native language, as well as within cities of every state of our country," stated Mr. Bosket.
In other CRWE news, 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.
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 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
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