LAS VEGAS, Nov. 13, 2009 (GLOBE NEWSWIRE) -- Crown Equity Holdings, Inc. (OTCBB:CRWE) announced that it has entered into Letters of Intent to enter into business combinations with DJ Toys Enterprise Corporation and Yana Venture Philanthropy Group, both of which are Taiwan corporations.
"From a company standpoint, the acquisition of DJ Toys and Yana will result in our shareholders having stakes in additional profitable, operating companies," stated Kenneth Bosket, CEO and President of Crown Equity Holdings, Inc. The companies are now beginning due diligence reviews and negotiating the terms of definitive, material agreements. Once the reviews are completed and terms agreed to, the parties will work to execute an agreement. The agreements are not expected to close until the first quarter of 2010.
About Crown Equity Holdings, Inc.
Crown Equity Holdings, Inc. (OTCBB:CRWE) has established itself as a top tier consulting firm which continues to provide and assist small business owners with the knowledge required in taking their company public. However, the company has re-focused its primary vision to that of an online media advertising/awareness publisher, focused on serving the needs of the clients, as well as being dedicated to the distribution of quality branding information.
Crown Equity Holdings, Inc. can play a role in building and capturing awareness for a public company through one of the fastest growing media channels in the world: The Internet, with over a thousand third and second party websites making up its network, which is in addition to their opt in e-mail list.
For further details, please visit the Company's website at http://www.crownequityholdings.com
Forward-Looking Statements: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements and/or Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.