Crown Equity Holdings Inc. Announces It Has Abandoned Letter of Intent With AVIX Technologies, Inc.
(firmenpresse) - LAS VEGAS, NV -- (Marketwire) -- 01/14/12 -- Crown Equity Holdings, Inc. (OTCBB: CRWE) announced today that effective immediately, its subsidiary Crown Tele Services Inc. has abandoned its the letter of Intent previously entered into in November of 2011 which sets forth terms by which AVIX Technologies, Inc. would acquire an exclusive licensing agreement for Canada and a non-exclusive global licensing agreement in the hospitality, foodservice and tourism industries for telecommunications including VoIP (Voice Over Internet Protocol) telecom technology systems for residential and commercial services, calling card and cellular phone applications.
After the letter of intent was signed, Crown Tele Services Inc. determined that it would be in the best interests of both companies to abandon the proposed transactions at this time, since it was unable to satisfactorily complete an agreement with AVIX Technologies, Inc.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a wholly owned subsidiary of Crown Equity Holdings Inc.
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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Datum: 14.01.2012 - 13:10 Uhr
Sprache: Deutsch
News-ID 1072907
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