Several stock newsletter alerts have gone off after Crown Equity Holdings Inc (OTC:CRWE) launched their France website, crwenewswire.fr. Stock price didn’t sit on the top for too long with all the profit taking, but the current pull-back presents an opportunity to jump in on the existing uptrend.The new website is part of Crown Equity’s expansion strategy and will provide more international reach for their clients. In the near future, the company is planning to launch a Canadian website crwenewswire.cn. Such commitment to expansion is likely to increase their stock popularity as well.
With a recent forward stock split to adjust the share count for better liquidity, their price has actually increased afterwards – an uncommon aftermath for a forward split and a strong indicator of improving CRWE recognition on the market.[BANNER]
CRWE is currently operating as media advertising company, providing also consulting services for those firms that want to go public. The company offers ways to increase investor awareness by providing advertisement, promotion and marketing services for public companies, using the several websites that CRWE operates.
Crown Equity has growing revenues and retains a balance sheet free of long term debt. Recently, the company announced their sales have topped $1 million for this year. Their top line has been rapidly improving over the last two years and their cash position is strong enough to support net losses until they reach profitability.
The business has expanded in staff this year and increased their international reach. Work force has been increased to 35, from only 6 persons on board last year. The Internet footprint was expanded to include another 19 countries.
Crown Equity is also working to improve the load time of the websites they use for advertising and news publishing. Currently, ongoing IT infrastructure changes will allow the page load time to be better than 90% of the Internet sites.
In the media advertising of public companies, revenues from a single deal can range from $5 thousand to hundreds of thousands, depending on the budget of the company that wants the advertisement. This business also allows operations with no costs of revenues and opens a way for high profit margins with only SG&A and depreciation expenses.
The stock price has been slowly going up for the past half a year and with the continued increase in revenues, it still looks like a bargain.
