Crown Equity Holdings Inc. (OTCBB:CRWE) is pleased to report its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. The Company incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by the Company.
“Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business,” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth,” stated Bosket.
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. The company announced in June of this year its 1- 10 forward stock split.
NIVS IntelliMedia Technology Group, Inc. (AMEX:NIV) a consumer electronics company that designs, manufactures and sells intelligent audio and visual products and mobile phones, announced that from November 2010 through December 2011, the Company will air 5″ and 15″ TV advertisements for various NIVS branded products during the noon and primetime nightly telecasts broadcast over Guangdong Satellite TV (�GDSTV�). Additionally NIVS will be the sole sponsor of the �All About the Asian Games� program, a one hour program broadcast over 10 episodes on Tuesday, Thursdays, Saturdays and Sundays while the 2010 Asian Games, a multi-sport event in Guangzhou, China are in session from November 12 � 27, 2010. As the sole sponsor of the program the NIVS logo and banner will be displayed throughout the program and NIVS TV advertisements will be broadcast during commercial breaks.
NIVS IntelliMedia Technology Group, Inc. and its subsidiaries engage in the design, manufacture, marketing, and sale of consumer electronic products. Its products include audio and video equipment, such as home theater systems; tower, stand-alone, and on-wall speaker systems.
Higher One Inc. (NYSE:ONE) announced financial results for the third quarter of 2010. The technology and payments services provider reported revenue of $37.2 million, up 82% from $20.5 million in the third quarter of 2009. The year-over-year revenue growth was primarily attributable to an increase in the number of OneAccounts and the addition of the results of Higher One Payments, Inc. (the Informed Decisions Corporation acquisition), which was acquired in the fourth quarter of 2009. Higher One continues to grow at a rapid pace because we continue to help schools and students save money,� explained Dean Hatton, President and CEO of Higher One. �Our streamlined financial aid disbursement process helps schools become more efficient, while providing students with the choice of how they want to receive their refund, and we believe that on average, the FDIC-insured OneAccount costs students less than half of what the average checking account costs its customers.�
Higher One Inc. provides technology and payment services to the higher education industry in the United States. The company provides a suite of disbursement and payment solutions for higher education institutions and their students.
New York & Company Inc. (NYSE:NWY) a specialty apparel chain with 579 retail stores, announced results for the third quarter ended October 30, 2010 were in-line with previous guidance issued by the Company. For the third quarter of fiscal year 2010, net sales were $238.2 million, as compared to $227.9 million for the third quarter of fiscal year 2009. Comparable store sales for the third quarter of fiscal year 2010 increased 3.6% compared to an 8.4% decrease in the prior year third quarter. Net income from continuing operations for the third quarter of fiscal year 2010 was $1.9 million, or $0.03 per diluted share, which includes earnings of $0.06 per diluted share related to certain non-operating adjustments. This compares to a net loss of $0.11 per diluted share in the prior year, which includes a previously disclosed non-operating loss of $0.01 per diluted share related to restructuring charges.
New York & Company, Inc., together with its subsidiaries, operates as a specialty retailer of women�s apparel in the United States. It offers casual and wear-to-work apparel and accessories, including pants, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags, and jewelry.
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