subject: Sigm, Dyn, And Crwe Stock Update From Pennytobuck.com [print this page] CROWN EQUITY HLD (OTC BB: CRWE.OB) 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 companys 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 years head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.
Dynegy Inc. (NYSE: DYN)
Dynegy Inc. produces and sells electric energy, capacity and ancillary services in key U.S. markets. The power generation portfolio consists of approximately 12,200 megawatts of baseload, intermediate and peaking power plants fueled by a mix of natural gas, coal and fuel oil.
Dynegy Inc. reported yesterday that it has entered into a definitive merger agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. (NYSE:BX) in a transaction valued at approximately $4.7 billion, including the assumption of existing debt.
Under the terms of the merger agreement, Dynegy stockholders will receive $4.50 in cash for each outstanding share of Dynegy common stock they own, which represents a 62 percent premium to the closing share price on August 12, 2010.
Dynegys Board of Directors believes the proposed transaction with Blackstone provides our stockholders with a significant premium over the current stock price and removes the risks to the existing stockholders associated with volatile commodity prices, challenging capital markets and environmental and regulatory uncertainties, said Bruce A. Williamson, Chairman, President and Chief Executive Officer of Dynegy Inc. Blackstone is a world-class firm with substantial resources and investment experience in the power generation business, and we believe they are well positioned to lead Dynegy going forward as a private company.
Sigma Designs (Nasdaq:SIGM)
Sigma Designs is a leading fabless semiconductor provider of highly integrated system-on-chip (SoC) solutions that are used to deliver entertainment and control throughout the home. SoC solutions include media processing, wired and wireless networking, video image processing, and home control along with system software to form the critical components of consumer electronic products that include Internet protocol TV (IPTV) set-top boxes, gateways, Blu-ray players, and media communication devices.
Sigma Designs, a leading provider of system-on-chip (SoC) solutions used to deliver entertainment and control throughout the home, announced that its HomePNA-based chips have been selected to deliver broadband networking solutions to MDU residents using Mototech equipment. Sigma chips, using Fast EoC(TM) technology, let Mototech deliver broadband services to MDU residents spanning apartment buildings, condominiums, and townhomes more practically than any other Ethernet over Coax (EoC) solution available.
Fast EoC technology by Sigma brings cost savings to service providers by using existing infrastructure - coaxial cable already inside MDUs - to deliver IP data, voice, and video. Otherwise known as Triple Play, these services have been noted globally for boosting ARPU and customer retention among Telcos, Cable, SatCos, and other service providers. Mototech devices with Sigmas Fast EoC will help service providers avoid the costs and hassles associated with new Ethernet wiring and prohibitively expensive DOCSIS-based networks.
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