SOURCE: Crown Equity Holdings Inc.

Crown Equity Holdings Inc.

August 11, 2011 08:05 ET

Crown Equity Holdings Announces Joint Venture

LAS VEGAS, NV--(Marketwire - Aug 11, 2011) - Crown Equity Holdings Inc. (OTCBB: CRWE) is pleased to announce that it has entered into a joint venture with Hemant Kumar and Reetu Sherma to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Mr. Kumar and Mrs. Sherma will own 50% of the joint venture and Crown Equity Holdings Inc. will own the remaining fifty percent (50%) interest in the joint venture.

Mr. Kumar will be Chairman of the Board of Crown Tele Services Inc. Mr. Kumar will act as an advisor to the Company as the Company plans, develops and deploys a state of the art VoIP services network that the Company plans on launching. Mr. Kumar has 12 years of experience in Unified Communications and VoIP working on the products of Cisco, NEC and Siemens. Mr. Kumar earned a Bachelor of Technology degree from the Indian Institute of Technology.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs with Mr. Kumar who has extensive experience in this fast-growing global market."

"As part of this joint venture, we look forward to building an outstanding team to develop and deliver voice and video over IP services globally," stated Hemant Kumar.

About Crown Equity Holdings Inc.:

Crown Equity Holdings Inc., together with its digital network of Websites, offers advertising branding and marketing services as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information, visit http://www.crownequityholdings.com.

Safe Harbor Provision

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. 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.

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