subject: Stock Highlight From Pennytobuck.com On Main, Iflg, And Crwe [print this page] Crown Equity Holdings IncCrown Equity Holdings Inc. (OTCBB:CRWE)
CRWE release news that its sales this year have already surpassed $1,000,000.
This compares to $232,510 for the three quarters ending September 30, 2009 and $ 659,907 total sales for the year 2009.
CRWE has also moved to a dedicated in-house advertising server, allowing for faster response and a wider variety of ad space offerings to those interested in advertising on their numerous internet and affiliate internet properties.
CRWE 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%.
To receive additional information about Crown Equity Holdings Inc., please visit the website at http://crownequityholdings.com/
InfoLogix, Inc. (Nasdaq:IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced its strategic plans for the second half of 2010.
David T. Gulian, president and chief executive officer of IFLG, said, "We are taking definitive actions with the goal of transitioning InfoLogix to a full solutions provider, and our higher margin consulting and professional services, such as those for Electronic Medical Records implementations, SAP Supply Chain Execution implementations, and mobilization services are now at their greatest proportion of our revenue mix in company history. As a result of this change in revenue mix of our products and services, as well as our ongoing cost cutting measures, we were able to achieve modest positive adjusted EBITDA for the quarterly period ended June 30, 2010. We define adjusted EBITDA as net earnings before net interest income (expense), income taxes, depreciation, amortization and non-cash expenditures for stock-based compensation."
"We are continuing to work towards a stable financial foundation in other ways as well," said Mr. Gulian. "For instance, as disclosed in our recent Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010, during the second quarter we sold one of our nineteen patents, and realized a gain of $1.9 million on the sale. With the sale of the patent, we reached positive net income during the quarter. Additionally, our senior lender, Hercules Technology Growth Capital, Inc. (Nasdaq:HTGC) recently converted $5 million of aggregate principal amount of our debt into shares of our common stock. The debt conversion will reduce our interest expense and is expected to help us improve our liquidity position."
InfoLogix's strfategic plan for 2010 is to continue to:
Reposition the company around Electronic Medical Records, SAP Supply Chain Execution, and Mobility solutions, three sectors of the market where we see new business opportunities.
Carefully manage expenses, selectively reduce them wherever possible, and secure additional funding and restructure certain of our current indebtedness to meet our working capital and debt payment obligations.
Transition our healthcare infrastructure business from a reseller model to the sale of proprietary InfoLogix-branded services and products.\
For more information visit www.infologix.com.
Main Street Capital Corporation (Nasdaq:MAIN) announced that the underwriters of its recent follow-on public offering have exercised their over-allotment option and have purchased 420,000 additional shares of common stock at the offering price of $15.00 per share. The underwriters of MAIN's offering elected to exercise the full amount of the over-allotment option prior to the expiration of the 30-day option period. The net proceeds from the exercise of the over-allotment option are approximately $6.0 million, after deducting the applicable underwriting discounts. Including the net proceeds from exercise of the over-allotment option, the total net proceeds from MAIN's offering amounted to approximately $45.8 million.
MAIN intends to use all of the net proceeds from this offering to make investments in accordance with its investment objective and strategies, pay operating expenses and other cash obligations and for general corporate purposes. Pending such uses, MAIN currently intends to invest the net proceeds of this offering in marketable securities and idle funds investments, which may include investments in secured intermediate term bank debt, rated debt securities and other income producing investments.
For more information on MAIN visit their site www.mainstcapital.com
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