CROWN EQUITY HLD (OTC BB: CRWE.OB)
Crown Equity Holdings is a professional consulting firm that assists foreign and domestic companies in all aspects of business development including becoming publicly traded. The company’s IR/PR division has grown into a full online public awareness service firm with a complete line of advertising and marketing tools at their disposal.
Crown Equity announced that it will implement a forward stock split of its common stock on a one-for-ten basis. In connection with this forward split, the Company will increase its authorized shares from 500,000,000 to 1,000,000,000 shares. An effective date for the split has not been determined but is expected to occur in late July for shareholders of record as of July 15, 2010.
Ken Bosket, CEO of Crown Equity Holdings, Inc., stated, “It has been determined that this 1 - 10 forward split should benefit our shareholders by increasing the amount of liquidity available to investors therefore giving us the potential to attract more buyers of an institutional nature. Considering the huge increase in income Crown Equity Holdings, Inc. has experienced this past year, we are confident our future projected revenue stream will more than support this financial strategy.”
Mr. Bosket said further that he was very pleased with the recent performance of CRWE shares and believes this 1 for 10 split will be an advantage to their shareholders.
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Genzyme Corp. (NASDAQ: GENZ)
Genzyme recently reported that it has entered into an agreement with Goldman, Sachs & Co. to repurchase $1 billion of Genzyme common stock under an accelerated stock repurchase program. Proceeds from its recently concluded debt offering will be used to support this first tranche of Genzyme’s overall $2 billion share repurchase plan announced in May.
“Our stock repurchase program is part of a comprehensive five-point plan to increase shareholder value,” said Henri Termeer, Genzyme’s chairman and chief executive officer. “This balanced plan also includes long-term drivers of sustainable growth, such as a focus on core businesses and executing on our important late-stage pipeline, while improving operating margins.”
Genzyme Corporation operates as a biotechnology company worldwide. It focuses on rare genetic disease disorders, renal diseases, orthopaedics, cancers, transplant and immune diseases, and diagnostic and predictive testing areas.
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Exxon Mobil Corporation (NYSE:XOM)
The Board of Directors of Exxon Mobil Corporation have recently reported a cash dividend of 44 cents per share on the Common Stock, payable on September 10, 2010 to shareholders of record of Common Stock at the close of business on August 13, 2010. Through its dividends, Exxon Mobil has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 28 consecutive years.
Exxon Mobil is the world’s largest publicly traded international oil and gas company, providing energy that helps underpin growing economies and improve living standards around the world.
“ExxonMobil’s focus on operational excellence continues to deliver strong results. Second quarter earnings, excluding special items, of $7.6 billion, were up 85% from second quarter of last year reflecting higher crude oil realizations, improved downstream margins, and strong chemical results. First half earnings, excluding special items, of $13.9 billion increased by 60% over the first half of 2009.
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