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WFC, CRWE, SDBT, LAVA - Financial Service Needs - Business Stock Report for Thursday November 4th, 2010

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Wells Fargo & Company (NYSE:WFC) announced recently the launch of a new Fund Services product line within its Corporate Trust Services to address customers’ fund administration needs. Wells Fargo Fund Services provides fund administration services including a full suite of back-, middle-, and front-office products and services to private equity firms, exchange traded commodities (ETC), commodity funds, hedge funds, fund of funds and the structured finance marketplace.

Jorge Villalba, a 12-year industry veteran recently joined Wells Fargo to lead the Fund Services Group. Tom Gandolfo is head of Sales. The team is based in Columbia, MD; Houston, TX; and New York City and leverages expertise across Wells Fargo, including seasoned trust and compliance professionals. Additional hiring is anticipated by year-end.

“We're pleased to offer our hedge fund customers another option for their specific financial services needs,” said Brian Bartlett, head of Wells Fargo’s Corporate Trust Services. “Our deep experience administering fixed income and bank debt products combined with our investment in first-rate technology and talent has produced a unique and compelling suite of Fund Services that adds tremendous value to our customers.”

Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally.

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Crown Equity Holdings Inc. (OTC:CRWE)

When it comes to Crown Equity Holdings Inc. (OTCPK:CRWE), the answer is a lot. The company is adding an additional workforce of 25 associates to its CRWE Newswire team by opening a second office in Pakistan. That way, it can bring its readership increased coverage of up-to-date news and world affairs from Europe, the Mideast and Far East via its online newswires.

CRWE's proprietary network technology allows its publishing department to get its content to millions of readers daily across the globe. The new office will be located in the city of Attock and will be managed by Zeeshan Shabbir, who also manages the CRWE Newswire office in Islamabad, Pakistan.

CRWE is also in the process of developing its Arabic language website. CRWE publishes financial content to all the major countries and covers all the accredited stock exchanges. The 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.

Latest Press Release

Crown Equity Holdings Inc. Expands by Opening an Additional Office in Pakistan

Crown Equity Holdings, Inc. (OTC:CRWE) announced recently that it is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase the company's up to date news and world affairs from the Mid-East, Far East and Europe online news wires.

The new office in the city of Attock, as well as the office in Islamabad, will be managed by Zeeshan Shabbir.

Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world.

"As always, I am thrilled to increase our team of correspondents to offer our readerships a global perspective on top stories." said Kenneth Bosket, President of Crown Equity Holdings Inc.

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About Crown Equity Holdings

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.

http://www.crownequityholdings.com

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SoundBite Communications, Inc. (Nasdaq:SDBT) reported its financial results for the third quarter, 2010.

Third quarter revenues, computed in accordance with U.S. generally accepted accounting principles (GAAP), were $9.7 million, a decrease of 7% compared to the same quarter in 2009.

On a GAAP basis, net loss per share was $0.07 in the third quarter versus a net loss per share of $0.04 in the same quarter of 2009.

On a non-GAAP basis, after excluding non-cash stock compensation expense and amortization of intangibles, net loss per share was $0.05 in the third quarter compared to a net loss per share of $0.02 in the same quarter in 2009.

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Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, has expanded a term loan with Wells Fargo Capital Finance, LLC, part of Wells Fargo & Company (NYSE:WFC), by $10 million.

The prior credit facility was entered into with Wells Fargo in March 2010

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