SOURCE: IO News Wire

August 21, 2009 07:30 ET

(OTCBB: CRWE) Crown Equity Holdings Signs $250,000 Contract

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - August 21, 2009) - Crown Equity Holdings (OTCBB: CRWE) announced the other day that it has entered into a license agreement with Velvet International, Inc., worth $250,000. The agreement grants Velvet a license to use Crown Equity's system and proprietary technology for rendering financial public relations and advertising services. Proceeds from the contract will be put back into further developments of Crown's trading software.

Crown Equity presently owns and operates over 1300 websites and has agreements to provide financial public relations for several companies.

Other active stocks are Sigma Designs (NASDAQ: SIGM), Logitech (NASDAQ: LOGI) and Brocade Communications (NASDAQ: BRCD).

About Crown Equity Holdings, Inc.

Crown Equity Holdings, Inc. is a family tree of company division businesses, which started in 2003 as a group of professionals in the securities industry who assisted private companies in going public. With companies such as: Crown Trading Systems, Inc., CTS Products, CRWE News, CRWE Domains, CRWE Newswire, Stock IR and this company is out to increase its value while increasing their products and services.

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