SOURCE: Crown Equity Holdings Inc.

Crown Equity Holdings Inc.

November 22, 2011 08:00 ET

Crown Equity Holdings Inc. Announces Letter of Intent With AVIX Technologies, Inc.

LAS VEGAS, NV--(Marketwire - Nov 22, 2011) - Crown Equity Holdings Inc. (OTCBB: CRWE) announced that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with AVIX Technologies, Inc., which sets forth terms by which AVIX Technologies, Inc. will acquire an exclusive licensing agreement for Canada and a non-exclusive global licensing agreement in the hospitality, foodservice and tourism industries for telecommunications including VoIP (Voice Over Internet Protocol) telecom technology systems for residential and commercial services, calling card and cellular phone applications.

Commenting on the Letter of Intent, Kenneth Bosket, President and CEO of Crown Tele Services, Inc., stated: "This Agreement will enable AVIX Technologies, Inc. to deliver VoIP communications solutions specifically designed to meet the business and residential market needs at rates that will compete with any company in this market that we are aware of."

Cornelia Volino, President of AVIX, stated: "AVIX's alliance with Crown Tele Services will position the Company to enter into the Telecom market at a far accelerated pace with significant savings in its equipment and programming costs."

About Crown Tele Services, Inc.

Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a wholly owned subsidiary of Crown Equity Holdings Inc.

About Crown Equity Holdings Inc.

Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and 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.

About AVIX Technologies, Inc.

AVIX is focused on identifying potential acquisitions and joint venture opportunities in various target markets that offer leading edge technology and services on a global scale. For more information visit

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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