CRWE.OB & MIPS: Crown Equity Holdings Inc. Expands by Opening an Additional Office in Pakistan

Oct. 26, 2010 - PRLog -- Crown Equity Holdings Inc. (OTC BB: CRWE.OB)

Crown Equity Holdings Inc. knows that bigger is better. That's why the company is expanding its business by opening a second office in Pakistan. With its mission to increase its offerings of up-to-date news and world affairs from the Mideast, Far East and Europe, the company will add an additional workforce of 25 associates to the CRWE Newswire team. The new venue will be located in the city of Attock and will be managed by Zeeshan Shabbir, who also runs the office in Islamabad, Pakistan. CRWE's proprietary network technology allows its publishing department to get its content to millions of readers daily across the world.

Crown Equity Holdings' CRWE Newswire is growing with the flow.The company has announced that it is expanding its business by opening another office in Pakistan. The new venue will be located in the city of Attock and, like its sister office in Islamabad, will be managed by Zeeshan Shabbir. In the process of adding an additional workforce of 25 associates to the CRWE Newswire team, the new office will increase the company's offerings of up-to-date news and world affairs from the Mideast, Far East, and Europe via its online newswires.

Crown Equity Holdings, Inc. has increased its workforce to an amount of 35, compared to this time last year’s head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.

(Source: CLICK HERE)

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MIPS Technologies, Inc.

MIPS Technologies, a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, today reported consolidated financial results for its first fiscal quarter ended September 30, 2010. All financial results are reported in U.S. GAAP unless otherwise noted.


Summary First Quarter Fiscal 2011 Financial Highlights:


Revenue was $22.5 million, a year-to-year increase of 50 percent
Licensee royalty units grew to 157 million units from 106 million units in Q1'10
GAAP net income was $7.6 million or $0.16 per share; up $7.0 million year-to-year
Non-GAAP net income was $8.5 million or $0.17 per share; up 235 percent year-to-year
Cash and investment balances ended the quarter at $65.2 million, a year-to-year increase of $21.7 million

Revenue from royalties was $13.6 million, an increase of 40 percent from the first quarter a year ago. License revenue was $8.9 million, an increase of 71 percent from the $5.2 million reported in the first quarter a year ago.


The Company's fiscal Q1 GAAP net income was $7.6 million or $0.16 per share compared to $0.6 million and $0.01 per share in the first quarter a year ago.







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Crown Equity Holdings Inc. assists and consults with domestic and foreign companies interested in becoming publicly traded in the U.S. The company designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals.