BLOKA.PK, BLOKB.PK, CRWE.OB Stock Market News Update on Blockbuster, Inc & Crown Equity Holdings

Crown Equity Holdings, Inc. (OTCBB:CRWE.OB) recently announced that its sales this year have already surpassed $1,000,000. This compares to $232,510 for the three quarters ending September 30, 2009 and $ 659,907 total sales for the year 2009.

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.

Crown Equity Holdings, Inc. has also expanded its Internet footprint internationally to include the following 19 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.

Crown Equity Holdings, Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.

Crown Equity Holdings Inc. assists and consults with domestic and foreign companies interested in becoming publicly traded in the United States. CRWE, through its subsidiary, Crown Trading Systems, Inc., designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals. It also engages in the sale of various electronic products under the CTS Products trade name; and resale and distribution of computer components through its Web site, CRWE was formerly known as Visioneering Corporation and changed its name to Crown Equity Holdings Inc. in 2006. Crown Equity Holdings Inc. was founded in 1995 and is based in Las Vegas, Nevada. Crown Equity Holdings Inc. is a subsidiary of Crown Marketing Corporation.

Blockbuster Inc. (Pink Sheets:BLOKA.PK, BLOKB.PK), today announced that it has reached agreement with a group of bondholders holding approximately 80.1 percent principal amount of the Company’s 11 3/4 percent senior secured notes (the “Senior Noteholders”) on the material terms of a plan to recapitalize its balance sheet and put Blockbuster in a stronger financial position as it continues to pursue its strategic plan and transform its business model. The recapitalization plan would substantially reduce the Company’s indebtedness — from nearly $1 billion currently to an estimated $100 million or less when implemented.

Blockbuster, a leading provider of media entertainment, is continuing to serve customers as usual as it takes action to become financially stronger to enhance its ability to provide the best, most convenient access to movies, TV and games. Through its stores, by-mail and digital businesses, Blockbuster is continuing to provide day-and-date, multi-channel access to new releases and fulfilling all orders as usual. Blockbuster Express vending kiosks, owned and operated through a relationship with NCR, also continue their operations in retail locations around the U.S. In addition to Blockbuster’s access to new releases as soon as they are available, Blockbuster offers its customers the additional benefit of rental access to nearly 50 percent of those new releases 28 days before its top competitors are able to do so.

Blockbuster Inc., together with its subsidiaries, operates and franchises entertainment-related stores. Blockbuster offers movies and video games for in-store rental, and sale and trade, as well as sells other entertainment-related merchandise. Blockbuster also operates an online service that offers rental and sale of movies by mail and digital delivery, through In addition, Blockbuster offers access to media entertainment through by-mail, vending kiosks, online, and via a la carte digital download.

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *