
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.
LAS VEGAS, Aug. 6, 2010 (GLOBE NEWSWIRE) — Crown Equity Holdings, Inc. (the “Company”) (OTCBB:CRWE - News) is pleased to report its financial information for the 6-month period ending June 30, 2010. Revenue for the six months totaled $678,988, compared to $84,357 during the same period in 2009. The Company incurred an operating loss of $26,739 for the six months ending June 30, 2010, compared to an operating loss of $245,796 during the same period in 2009. The Company incurred a net loss of $201,658 for the six months ending June 30, 2010, compared to a net loss of $255,006 for the same period in 2009. The net loss in 2010 was due primarily to an unrealized loss of $169,195 on securities held by the Company.
“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 Crown Equity Holdings, Inc. “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.
Crown Equity Holdings, Inc. 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.
(Source: CLICK HERE)
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Cisco Systems, Inc. (Nasdaq: CSCO)
CSCO is the only global information technology company with its own corporate pavilion at World Expo. Cisco is also the senior sponsor of networking systems and solutions for World Expo.
Cisco today reported that it has handed over more than 500 houses to the Government of Karnataka, as part of the completion of phase one of “Project Samudaya.” The initiative represents Cisbco’s commitment to partner with the government in its Asare program towards helping rehabilitate flood affected communities in Karnataka. The handing over ceremony was held in N. Malkapur in Raichur district and was presided by Dr. B.S. Yeddyurappa, Karnataka chief minister, and Wim Elfrink, chief globalisation officer and executive vice president, Cisco Services.
The more than 500 houses that were handed over by Cisco in N. Malkapur and Khataknur villages of Raichur have been constructed as per the government guidelines and specifications, and the model design is based on the feedback received from the village residents.
As part of the Memorandum of Understanding also signed earlier today, remote specialist healthcare services were launched in Gillesugur village, where Cisco is using the network as a platform to help bring remote healthcare and education services to these flood affected villages. The initial pilot services are now operational and have accelerated access to affordable, high-quality health care by connecting patients in Raichur remotely with medical providers in cities in a convenient and efficient way. The next phase is to make these services scalable, replicable and sustainable.
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