SOURCE: Crown Equity Holdings, Inc.

June 22, 2010 15:26 ET

UPDATE: Crown Equity Holdings, Inc. Announces Forward Split

LAS VEGAS, NV--(Marketwire - June 22, 2010) -  Crown Equity Holdings, Inc. (OTCBB: CRWE) announced that it will implement a forward stock split of its common stock on a one-for-ten basis. In connection with this forward split, the Company will increase its authorized shares from 500,000,000 to 1,000,000,000 shares. An effective date for the split has not been determined but is expected to occur in late July for shareholders of record as of July 15, 2010.

Ken Bosket, CEO of Crown Equity Holdings, Inc., stated, "It has been determined that this 1 - 10 forward split should benefit our shareholders by increasing the amount of liquidity available to investors therefore giving us the potential to attract more buyers of an institutional nature. Considering the huge increase in income Crown Equity Holdings, Inc. has experienced this past year, we are confident our future projected revenue stream will more than support this financial strategy."

Mr. Bosket said further that he was very pleased with the recent performance of CRWE shares and believes this 1 for 10 split will be an advantage to their shareholders.

About Crown Equity Holdings, Inc.

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. The 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.

Crown Equity Holdings 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%.

Crown Equity Holdings 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.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements.

Contact Information

  • Kenneth Bosket
    President & CEO
    Crown Equity Holdings
    702-448-1543
    Fax: 702-479-7151