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Crown Equity Holdings Inc. Reports Six-Month 2010 Financial Results
Crown Equity Holdings Inc. (the "Company") (OTCBB:CRWE) 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.
The company has also expanded its Internet footprint internationally to include the following 20 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
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.
Crown Equity Holdings Inc. is a company utilizing today's technology to advertise, promote and market public companies globally. CRWE's proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. CRWE publishes financial content to all the major countries and covers all the accredited stock exchanges.
Crown Equity Holdings Inc. is currently in the process of expanding its in-house IT infrastructure. Although their current web page load time is better than 75% of other internet websites, when completed, the modifications will raise this load time to better then 90% of other internet websites while increasing website visitor capacity by 400%.
Teliris Announces Alliance With Global Crossing to Deliver Global Coverage and Cost-Effective Interoperability
Teliris, the telepresence innovation leader, yesterday announced an alliance with Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, to deliver a unified enterprise solution for telepresence with extensive global coverage and cost-effective interoperability.
The alliance includes Global Crossing's managed telepresence solution based on Teliris' innovative 6G platform that builds on Global Crossing's worldwide IP network and portfolio of managed videoconferencing services.
"This alliance provides customers with an exciting opportunity to leverage not only Teliris' broad solution set, but also gain access to a global exchange that offers truly affordable interoperability that reaches anywhere in the world," said Marc Trachtenberg, Teliris CEO and co-founder. "Global Crossing's renowned reputation, extensive coverage and customer base was a perfect fit for this important alliance."
"The integration of Teliris' extensive product portfolio with Global Crossing's managed IP network and global reach delivers a unique telepresence offering, giving customers the feeling of being in the same room with participants from anywhere in the world," said Dave Carey, Global Crossing's chief marketing officer.
Teliris' 6G platform, which is based on a new agile client server-based software architecture, offers the broadest immersive telepresence and immersive collaboration portfolio available that allow for the most affordable experience with anyone in any location, at any time. As the longtime industry innovation leader, Teliris is the only option for a true telepresence experience over general-purpose networks. Teliris has the broadest suite of telepresence products ranging from sub-$5,000 desktop solutions to enterprise suites. All Teliris solutions offer comprehensive interoperability options that allow for connections to any system, anywhere.
Teliris develops and implements the world's most innovative fully managed telepresence and collaboration solutions, realistically replicating the human dynamics of an in-person meeting experience. Through its 6G platform and unique intellectual property, Teliris has radically simplified the acquisition, deployment and operating costs of telepresence, breaking new ground in adoption and reach of the technology.
Teliris is headquartered in New York and London and has deployments in over 50 countries, offering with end-to-end integration, market-leading 99%+ availability guarantee and interoperability with all telepresence, traditional videoconferencing and unified communications solutions.
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