LAS VEGAS, NV — (Marketwire) — 04/16/12 — Crown Equity Holdings Inc. (OTCBB: CRWE) () announced that its subsidiary Crown Tele Services Inc.(), an emerging VoIP (Voice over Internet Protocol) company, has dissolved its joint venture with Mr. Hemant Kumar and Mrs. Reetu Sherma by mutual agreement. Crown Equity Holdings Inc. will own 100% of Crown Tele Services Inc.
Mr. Kumar was never formally appointed Chairman of the Board of Crown Tele Services Inc. Therefore, his resignation from that position was not necessary.
The joint venture was for the purpose of developing and deploying a state of the art VoIP services network on the behalf of Crown Tele Services Inc. Mr. Kumar and Mrs. Sherma will pursue other opportunities, as Crown Tele Services Inc. continues to grow its existing VoIP communication business.
“We are very appreciative of the efforts made by Mr. Kumar and Mrs. Sherma,” said Kenneth Bosket, President of Crown Tele Services Inc.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information, visit .
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. 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.
Contact:
Kenneth Bosket
CEO/President
702 448-1543
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