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Crown Equity Holdings Inc. (CRWE.OB)
CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE’s 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.
CRWE announced that it has launched its crwenewswire.fr website to provide news in France’s native language. CRWE had previously launched its German website crwenewswire.de and is launching CRWE’s Canadian website crwenewswire.ca shortly.
“The new website is one step in many towards CRWE ’s goal of expanding its footprint internationally,” commented Kenneth Bosket, President and CEO of CRWE “Our goal for 2010 is to have all CRWE’s clients’ press releases, articles and news content published in every major financial country’s native language, as well as within cities of every state of our country,” stated Mr. Bosket.
In other company news, CRWE announces 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.
“Based on our sales to date, we had more than 4 times the sales for the same period last year and are 34% ahead of last year’s total sales,” commented Kenneth Bosket, President and CEO of CRWE. “Our growth in sales along with our investments in infrastructure and people give the company a basis for supporting future growth of the magnitude we have seen so far this year,” stated Bosket.
CRWE has expanded its internet footprint internationally to include the following 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
To learn more about CRWE visit: http://www.crownequityholdings.com
Arena Pharmaceuticals, Inc. (Nasdaq:ARNA)
Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of California on behalf of purchasers of the common stock of ARNA during the period between December 8, 2008 and September 17, 2010, inclusive (the "Class Period").
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of ARNA's misleading discloses during the Class Period that the New Drug Application ("NDA") for its drug lorcaserin, or Lorqess, was based on extensive and robust data, and, that lorcaserin's combination of efficacy, safety and tolerability would position the drug candidate as first-line therapy for weight management.
Ares Capital Corporation (Nasdaq:ARCC)
The Senior Secured Loan Program, jointly managed by ARCC and an affiliate of GE Capital, announced recently the closing of a $290 million senior secured loan to support Avista Capital Partners’ and Ontario Teachers’ Pension Plan Board’s acquisition of INC Research, Inc., a Raleigh, NC-based full-service global contract research organization focused on late-stage (Phase II-IV) pharmaceutical clinical trials.
Jefferies Finance, GE Capital and ARCC served as joint lead arrangers and bookrunners for the credit facility. This represents the eighth transaction completed by the Senior Secured Loan Program in 2010 and the sixth transaction closed during the third quarter. In addition, GE Capital, through its GE Capital, Healthcare Financial Services business, provided a $40 million revolving credit facility in support of the transaction.
Argan, Inc. (AMEX:AGX)
AGX recently announced financial results for the second quarter of fiscal 2011 ended July 31, 2010.
For the quarter ended July 31, 2010, net revenues were $54.5 million compared to $65.5 million in the quarter ended July 31, 2009. Gemma Power Systems (Gemma) contributed $50.4 million, or 92.4% of net revenues in the second quarter of fiscal 2011, compared to $59.8 million, or 91.4% net revenues in the second quarter of fiscal 2010. Combined net revenues from AGX’s other wholly-owned subsidiaries were $4.1 million, or 7.6% of net revenues for the quarter ended July 31, 2010, compared to $5.7 million, or 8.6% net revenues for the same quarter last year.
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