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MercadoLibre, Inc. Reports Financial Results for Third Quarter 2011

Thursday, November 3rd, 2011

* Q3′11 gross merchandise volume grew by 51.8% year-over-year to $1.3 billion

* Items sold during Q3′11 increased by 38.1% year-over-year to 14.4 million

* Revenues increased by 45.9% to 81.6 million

BUENOS AIRES, Argentina, Nov. 2, 2011 (CRWENEWSWIRE) — MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the third quarter ended September 30, 2011.

Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc., commented, “MercadoLibre had an excellent third quarter, highlighting the importance of solid execution in driving our own results. Recent innovations on our platform combined with secular trends that continue to favor e-commerce in our region, generating strong growth throughout our marketplace, and our entire ecosystem.”

Financial Results Summary

MercadoLibre reported consolidated net revenues for the three months ended September 30, 2011 of $81.6 million, representing 45.9% year-over-year growth.

For the three months ended September 30, 2011, gross merchandise volume grew 51.8% year-over-year to $1,348.3 million, while total payment volume grew 94.1% year-over-year to $368.5 million. Items sold on MercadoLibre during the third quarter 2011 grew 38.1% to 14.4 million, while total payments transactions through MercadoPago grew 103.0% to 3.9 million.

Gross profit for the third quarter of 2011 was $61.6 million, a 38.4% increase over the previous year quarter. Gross profit margin for the period was 75.4%, down from 79.5% during the third quarter of 2010, as the lower margin payments volume continued to grow at a faster pace than the merchandise volume.

Income from operations grew 55.2% to $30.0 million in the third quarter of 2011 compared to $19.3 million in the third quarter of 2010. Operating income margin for the third quarter of 2011 was 36.7%.

Net Income before taxes was $35.1 million, an increase of 77.7% over the third quarter of 2010. The blended tax rate for the quarter was of 25.1%, aided by the reversal of a valuation allowance, as compared to 4.9% during the same quarter one year earlier, which was benefitted by an even higher one-time tax benefit.

Net income for the three months ended September 30, 2011, was $26.3 million, representing 39.9% growth over the prior year quarter. Net income margin was 32.2% for the third quarter of 2011, compared to 33.6% for the same period last year. Earnings per share for the third quarter of 2011 were $0.60 compared to $0.43 for the prior year quarter.

Free cash flow, defined as cash from operating activities less purchases of property, equipment, intangible asset and business acquired, was $19.2 million for the three months ended September 30, 2011.

The following table summarizes certain key performance metrics for the three months ended September 30, 2010 and 2011.

Three month ended September 30, (in millions)	2010	2011	%YOY
Total confirmed registered users at the end of period	50.2	62	23.4%
New confirmed registered users during the period	2.8	3.6	28.1%
Gross merchandise volume	$888.1	$1,348.3	51.8%
Items sold	10.4	14.4	38.1%
Total payments volume	$189.9	$368.5	94.1%
Total payments transactions	1.9	3.9	103.0%

Table of Year-on-Year Local Currency Revenue Growth Rates by Quarter

The following local currency growth rates were calculated by using the average monthly exchange rates for each month during 2010 and applying them to the corresponding months in 2011, so as to calculate what our topline results would have been if exchange rates had remained stable from one year to the next.


	YoY Growth rates at previous years exchange rates

*Consolidated Net Revenues*
	Q3′09	Q4′09	Q1′10	Q2′10	Q3′10	Q4′10	Q1′11	Q2′11	Q3′11
Brazil	38%	38%	35%	26%	7%	15%	22%	15%	38%
Argentina	62%	60%	67%	62%	48%	52%	33%	37%	55%
Mexico	33%	36%	25%	19%	11%	12%	11%	7%	14%
Venezuela	37%	68%	59%	69%	61%	57%	58%	39%	57%
Others	74%	68%	47%	24%	14%	22%	22%	32%	37%
Total	42%	49%	45%	39%	23%	25%	26%	22%	41%

Conference Call and Webcast

The Company will host a conference call and audio webcast on August 3, 2011 at 4:30 p.m. Eastern Time. The conference call may be accessed by dialing (970) 315-0420 or (877) 303-7209 (Conference ID 86860708) and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company’s website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call.

Definition of Selected Operational Metrics

Total confirmed registered users — Measure of the cumulative number of users who have registered on the MercadoLibre Marketplace and confirmed their registration.

New confirmed registered users — Measure of the number of new users who have registered on the MercadoLibre Marketplace and confirmed their registration.

Gross merchandise volume — Measure of the total U.S. dollar sum of all transactions completed through the MercadoLibre Marketplace, excluding motor vehicles, vessels, aircraft, real estate, and services.

Items sold — Measure of the number of items sold/purchased through the MercadoLibre Marketplace.

Total payment volume — Measure of total U.S. dollar sum of all transactions paid for using MercadoPago.

Total payment transactions — Measure of the number of all transactions paid for using MercadoPago.

Gross profit margin — Defined as gross profit as a percentage of revenues.

Operating margin — Defined as income from operations as a percentage of net revenues.

Net Income margin — Defined as net income as a percentage of net revenues.

Free Cash Flow — Defined as cash flow from operating activities less purchases of property, equipment and intangible asset.

About MercadoLibre

Founded in 1999, MercadoLibre is Latin America’s leading e-commerce technology company. Through its primary platforms, MercadoLibre.com and MercadoPago.com, it provides solutions to individuals and companies buying, selling, advertising, and paying for goods online.

MercadoLibre.com serves millions of users and creates a market for a wide variety of goods and services in an easy, safe and efficient way. The site is among the top 50 in the world in terms of page views and is the leading retail platform in unique visitors in each country in which it operates according to metrics provided by comScore Networks. MercadoLibre maintains a leadership position in 12 Latin American countries. The Company is listed on NASDAQ (Nasdaq:MELI) following its initial public offering in 2007.

For more information about the company visit: http://investor.mercadolibre.com.

Source: MercadoLibre, Inc.

Contact:

MercadoLibre, Inc.
Investor Relations
investor@mercadolibre.com
http://investor.mercadolibre.com

Consolidated balance sheets
	September 30,	December 31,
	2011	2010
Assets	(Unaudited)	(Audited)
Current assets:
Cash and cash equivalents	$ 59,083,417	$ 56,830,466
Short-term investments	67,578,494	5,342,766
Accounts receivable, net	15,429,301	12,618,173
Funds receivable from customers	13,244,197	6,151,518
Prepaid expenses	1,140,002	913,262
Deferred tax assets	11,922,213	12,911,256
Other assets	6,093,323	6,867,767
Total current assets	174,490,947	101,635,208
Non-current assets:
Long-term investments	41,002,762	78,846,281
Property and equipment, net	31,351,966	20,817,712
Goodwill, net	62,861,760	60,496,314
Intangible assets, net	6,710,125	4,141,167
Deferred tax assets	3,495,916	2,975,118
Other assets	5,430,114	771,223
Total non-current assets	150,852,643	168,047,815

Total assets	$ 325,343,590	$ 269,683,023

Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses	$ 19,998,140	$ 17,232,103
Funds payable to customers	58,874,916	48,788,225
Payroll and social security payable	11,722,130	10,786,534
Taxes payable	9,997,791	11,487,574
Loans payable and other financial liabilities	140,107	100,031
Dividends payable	3,531,362	–
Total current liabilities	104,264,446	88,394,467
Non-current liabilities:
Payroll and social security payable	3,056,099	2,562,343
Loans payable and other financial liabilities	178,543	188,846
Deferred tax liabilities	8,219,638	5,167,699
Other liabilities	1,770,821	1,651,398
Total non-current liabilities	13,225,101	9,570,286
Total liabilities	$ 117,489,547	$ 97,964,753

Commitments and contingencies (Note

Equity:

Common stock, $0.001 par value, 110,000,000 shares authorized,
44,142,020 and 44,131,376 shares issued and outstanding at September 30,
2011 and December 31, 2010, respectively	$ 44,142	$ 44,131
Additional paid-in capital	120,440,906	120,391,622
Retained earnings	118,262,734	73,681,556
Accumulated other comprehensive loss	(34,304,372)	(22,399,039)
Total Equity of MercadoLibre, Inc.	204,443,410	171,718,270
Noncontrolling Interest	3,410,633	–
Total equity	207,854,043	171,718,270

Total liabilities and equity	$ 325,343,590	$ 269,683,023



Consolidated statements of income
	Nine Months Ended September 30,		Three Months Ended September 30,
	2011	2010	2011	2010
	(Unaudited)		(Unaudited)
Net revenues	$ 212,465,972	$ 154,399,483	$ 81,628,144	$ 55,951,378
Cost of net revenues	(51,331,295)	(32,755,531)	(20,060,474)	(11,450,919)
Gross profit	161,134,677	121,643,952	61,567,670	44,500,459

Operating expenses:
Product and technology development	(16,600,802)	(11,425,716)	(5,925,019)	(4,224,476)
Sales and marketing	(45,567,338)	(34,863,616)	(16,701,982)	(12,281,672)
General and administrative	(28,129,601)	(21,725,081)	(8,946,285)	(8,683,605)
Total operating expenses	(90,297,741)	(68,014,413)	(31,573,286)	(25,189,753)
Income from operations	70,836,936	53,629,539	29,994,384	19,310,706

Other income (expenses):
Interest income and other financial gains	7,037,264	3,073,427	2,913,596	1,361,899
Interest expense and other financial charges	(2,562,633)	(6,919,307)	(1,052,865)	(567,969)
Foreign currency (loss) / gain	2,080,822	7,275	3,284,190	(354,219)
Other income, net	253,148	–	(7,292)	–
Net income before income / asset tax expense	77,645,537	49,790,934	35,132,013	19,750,417

Income / asset tax expense	(22,470,627)	(9,705,408)	(8,835,565)	(959,454)
Net income	$ 55,174,910	$ 40,085,526	$ 26,296,448	$ 18,790,963

Less: Net Income attributable to Noncontrolling
Interest	522	–	522	–
Net income attributable to MercadoLibre, Inc.	$ 55,174,388	$ 40,085,526	$26,295,926	$18,790,963




	Nine Months Ended September 30,		Three Months Ended September 30,
	2011	2010	2011	2010
Basic EPS	(Unaudited)		(Unaudited)
Basic net income attributable to MercadoLibre, Inc. per
common share	$ 1.25	$ 0.91	$ 0.60	$ 0.43

Weighted average shares	44,137,176	44,121,539	44,141,925	44,129,762


Diluted EPS
Diluted net income attributable to MercadoLibre, Inc. per
common share	$ 1.25	$ 0.91	$ 0.60	$ 0.43
Weighted average shares	44,150,872	44,144,678	44,151,218	44,151,367



Consolidated statements of cash flows
	Nine Months Ended September 30,
	2011	2010
	(Unaudited)
Cash flows from operations:
Net income	$ 55,174,909	$ 40,085,526
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,249,168	3,594,156
Accrued interest	(4,461,828)	(262,088)
Stock-based compensation expense - stock options	–	183
Stock-based compensation expense - restricted shares	–	37,696
LTRP accrued compensation	2,527,494	2,798,656
Deferred income taxes	1,174,177	(6,950,762)
Changes in assets and liabilities, net of the effect of the acquired business :
Accounts receivable	(6,290,360)	(6,048,287)
Funds receivable from customers	(8,188,181)	(877,971)
Prepaid expenses	(276,976)	(113,329)
Other assets	(5,228,268)	(2,600,348)
Accounts payable and accrued expenses	6,288,050	7,856,387
Funds payable to customers	16,052,471	7,393,673
Other liabilities	273,016	(2,923,832)
Net cash provided by operating activities	62,293,672	41,989,660
Cash flows from investing activities:
Purchase of investments	(297,570,336)	(85,338,161)
Proceeds from sale and maturity of investments	268,529,776	51,145,297
Payment for acquired businesses, net of cash acquired	(5,468,180)	–
Purchases of intangible assets	(119,262)	(12,788)
Purchases of property and equipment	(17,084,397)	(10,554,982)
Net cash used in investing activities	(51,712,399)	(44,760,634)
Cash flows from financing activities:
Decrease in loans payable	–	(2,898,702)
Dividends distribution	(7,061,847)	–
Stock options exercised	11,175	18,199
Net cash used in financing activities	(7,050,672)	(2,880,503)
Effect of exchange rate changes on cash and cash equivalents	(1,277,650)	299,975
Net increase / (decrease) in cash and cash equivalents	2,252,951	(5,351,502)
Cash and cash equivalents, beginning of the period	56,830,466	49,803,402

Cash and cash equivalents, end of the period	$ 59,083,417	$ 44,451,900

Supplemental cash flow information:
Cash paid for interest	$ 45,247	$ 5,765,634
Cash paid for income and asset taxes	$ 22,355,122	$ 16,603,211

Acquisition of AutoPlaza.com
Cash and cash equivalents	$ 3,876	$ –
Tax credits	49,951	–
Non current assets	99,522	–
Total assets acquired	153,349	–
Total liabilities assumed	–	–
Net assets acquired	153,349	–
Identifiable Intangible Assets	8,966,744	–
Non-controlling interest	(3,648,037)
Total purchase price	$ 5,472,056	–
Cash and cash equivalents acquired	3,876	–
Payment for acquired businesses, net of cash acquired	$ 5,468,180	–



Financial results of reporting segments
	Nine Months Ended September 30, 2011
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total

Net revenues	$ 120,659,242	$ 38,800,077	$ 16,212,999	$ 23,051,176	$ 13,742,478	$ 212,465,972
Direct costs	(69,712,512)	(15,845,674)	(8,881,811)	(9,096,997)	(7,230,721)	(110,767,715)
Direct contribution	50,946,730	22,954,403	7,331,188	13,954,179	6,511,757	101,698,257

Operating expenses and indirect costs of net revenues						(30,891,982)
Income from operations						70,806,275

Other income (expenses):
Interest income and other financial gains						7,037,264
Interest expense and other financial results						(2,562,633)
Foreign currency gains						2,080,822
Other income, net						253,148
Net income before income / asset tax expense						$ 77,614,876



	Nine Months Ended September 30, 2010
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total

Net revenues	$ 88,210,536	$ 28,609,190	$ 13,861,921	$ 13,705,926	$ 10,011,910	$ 154,399,483
Direct costs	(50,090,123)	(13,985,689)	(8,544,912)	(6,759,831)	(5,694,502)	$ (85,075,057)
Direct contribution	38,120,413	14,623,501	5,317,009	6,946,095	4,317,408	69,324,426

Operating expenses and indirect costs of net revenues						(15,694,887)
Income from operations						53,629,539

Other income (expenses):
Interest income and other financial gains						3,073,427
Interest expense and other financial results						(6,919,307)
Foreign currency gains						7,275
Net income before income / asset tax expense						$ 49,790,934



	Three Months Ended September 30, 2011
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total

Net revenues	$ 46,003,915	$ 15,828,272	$ 5,608,572	$ 9,045,783	$ 5,141,602	$ 81,628,144
Direct costs	(25,709,957)	(6,264,769)	(3,183,432)	(3,180,061)	(2,636,836)	(40,975,055)
Direct contribution	20,293,958	9,563,503	2,425,140	5,865,722	2,504,766	40,653,089

Operating expenses and indirect costs of net revenues						(10,689,366)
Income from operations						29,963,723

Other income (expenses):
Interest income and other financial gains						2,913,596
Interest expense and other financial results						(1,052,865)
Foreign currency gain						3,284,190
Other losses, net						(7,292)
Net income before income / asset tax expense						$ 35,101,352


	Three Months Ended September 30, 2010
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total

Net revenues	$ 31,077,654	$ 10,802,682	$ 4,722,635	$ 5,762,290	$ 3,586,117	$ 55,951,378
Direct costs	(19,235,066)	(5,353,452)	(2,914,273)	(2,653,357)	(2,230,064)	(32,386,212)
Direct contribution	11,842,588	5,449,230	1,808,362	3,108,933	1,356,053	23,565,166

Operating expenses and indirect costs of net revenues						(4,254,460)
Income from operations						19,310,706

Other income (expenses):
Interest income and other financial gains						1,361,899
Interest expense and other financial results						(567,969)
Foreign currency loss						(354,219)
Net income before income / asset tax expense						$ 19,750,417

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwenewswire.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Tags: advertising, buying, ecommerce technology company, goods online, Latin America, Marcos Galperin, MELI, MercadoLibre, Nasdaq:MELI, selling

Posted in Stock Alerts |

AOL Inc. Announces $250 Million Stock Repurchase Authorization

Thursday, August 11th, 2011

NEW YORK–(CRWENEWSWIRE)– AOL Inc. (NYSE:AOL) today announced that its Board of Directors has approved a $250 million stock repurchase program, effective August 10, 2011.

“We believe this stock repurchase makes sense for both our company and our shareholders,” said Tim Armstrong, Chairman and CEO. “We are continuing the disciplined execution of our strategy and have confidence in our future growth prospects.”

“This announcement highlights both our strong balance sheet and free cash flow generation,” said Artie Minson, CFO. “We believe this is a unique opportunity to invest in our company.”

Under the program, AOL is authorized to repurchase up to $250 million of its outstanding shares of common stock from time to time over the next 12 months. The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions, the trading price of the stock and other factors. The repurchases may be made on the open market, in block trades or otherwise and may include derivative transactions. The repurchase program may be suspended or discontinued at any time.

About AOL:

AOL Inc. is a premier global media company with a suite of brands and products serving consumers, advertisers and publishers worldwide. AOL is a leading source of news, opinion, entertainment, community and digital information comprised of a wide range of destination websites, including AOL.com, The Huffington Post, TechCrunch, Moviefone, Engadget, Patch, AOL Music, StyleList and MapQuest. The AOL Advertising.com Group includes Advertising.com, ADTECH, Pictela, Video, inclusive of AOL Video, goviral and 5min Media, Content Solutions and Sponsored Listings and serves a combined content and advertising market at scale through video, brand advertising, content and ad serving. AOL is focused on engaging consumers and providing online advertising services and solutions on both AOL’s owned and operated destination websites and third party websites, in addition to serving consumer platforms including AOL Mail, AIM, about.me, and mobile experiences. AOL also operates one of the largest Internet subscription access services in the United States, which serves as another distribution channel for its consumer offerings.

Source: AOL, Inc.

Contact:

AOL
Corporate Communications
Maureen Sullivan, 212-206-5030
Maureen.Sullivan@teamaol.com
or
Investor Relations
Eoin Ryan, 212-206-5025
Eoin.Ryan@teamaol.com

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwenewswire.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Tags: advertising, AOL, AOL mail, Artie Minson, Common Stock, Entertainment, golbal media company, instand messaging, internet subscription services, market conditions, NEWS, NYSE:AOL, opinion, stock repurchase program, Tim Armstrong, video

Posted in Stock Alerts |

RIMM, CRWE, QUIK, SYMC - Stock Review From DrStockPick.com!

Saturday, March 26th, 2011

Research In Motion Limited (NASDAQ:RIMM), a world leader in the mobile communications market, reported fourth quarter results for the three months and fiscal year ended February 26, 2011 (all figures in U.S. dollars and U.S. GAAP). Revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year. Revenue for the fourth quarter of fiscal 2011 was $5.6 billion, up 1% from $5.5 billion in the previous quarter and up 36% from $4.1 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 16% for service, and 3% for software and other revenue. During the quarter, RIM shipped approximately 14.9 million BlackBerry smartphones for a total of 52.3 million smartphones in fiscal 2011.

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Today, BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day.

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Crown Equity Holdings Inc. (OTCBB:CRWE) announces that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

“In addition to publishing to the mentioned countries, Crown Equity Holdings Inc. has also established online publishing sites for over 660 various cities within those countries,” stated Arnulfo Saucedo-Bardan, Chairman of the Board for Crown Equity Holdings Inc.

The company has also established over 1,100 city specific sites within the US, allowing Crown Equity Holdings Inc. to publish its news and information globally or geographically.

The company’s wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its “VoIP” communication services to small, large and enterprise businesses.

Crown TeleServices Solutions, Unified Communications (UC) is a family of intelligent network management applications for planning, provisioning, roubleshooting and changing the way people work by integrating communications tasks currently performed with separate tools. Built on the powerful voice capabilities of our IP phone system, Crown TeleServices simplifies communication with fully integrated video, instant messaging, video conferencing and more.

Now on-site and remote users alike can see who is available, and choose how best to reach them. With less time spent playing phone tag, everyone has more time for the real business at hand.

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

For more information, visit http://www.crownequityholdings.com

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QuickLogic Corporation (NASDAQ: QUIK), the leader in low power Customer Specific Standard Products (CSSPs), recently announced that Mr. Andrew J. Pease, QuickLogic’s President and CEO, is scheduled to present at the Globalpress Electronics Summit in Santa Cruz, CA.

QuickLogic Corporation is the inventor and pioneer of innovative, customizable semiconductor solutions for mobile and portable electronics OEMs and ODMs. These silicon plus software solutions are called Customer Specific Standard Products (CSSPs). CSSPs enable our customers to bring their products to market more quickly and remain in the market longer, with the low power, cost and size demanded by the mobile and portable electronics market.

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Symantec Corp. (NASDAQ: SYMC) announced that Symantec’s VeriSign® Identity Protection (VIP) Access for Mobile credential for the iPad® is now available on the App Store™. The VIP Access for Mobile app adds a dynamic one-time-password (OTP) credential to the iPad that can be used in conjunction with a username and password to strengthen the security of online accounts protected by the VIP Authentication Service. iPad users can now benefit from the added layer of security provided by VIP Access for Mobile for iPad.

Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Tags: advertising, Crown Equity Holdings, CRWE.OB, digital advertising, digital media, market awareness, online advertising, online publishing, otc:crwe

Posted in Top News |

PRAN (Video Update), CLNO, CRWE, INSW, CYTX, BIOS - Market Update From DrStockPick.com!

Wednesday, March 23rd, 2011

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Prana Biotechnology was established to commercialize research into age-related neurodegenerative disorders. The Company was incorporated in 1997 and listed on the Australian Securities Exchange in March 2000 and listed on NASDAQ in September 2002. Researchers at prominent international institutions including The University of Melbourne, The Mental Health Research Institute (Melbourne) and Massachusetts General Hospital, a teaching hospital of Harvard Medical School, contributed to the discovery of Prana’s technology.

Prana Biotechnology (NASDAQ:PRAN) announced the publication of new data on the ability of PBT2 to repair the damage in an Alzheimer’s affected brain thereby facilitating the restoration of cognition in Alzheimer’s Disease (AD). The findings help to explain the rapid improvement in cognition previously reported in transgenic Alzheimer’s mice and in patients in a Phase IIa clinical trial with PBT2. The article published in the science journal PLoS ONE is entitled “Metal Ionophore Treatment Restores Dendritic Spine Density and Synaptic Protein Levels in a Mouse Model of Alzheimer’s Disease.”

After 11 days of treatment, the brains of the Alzheimer’s mice showed a statistically significant increase in the numbers of spines on the branches (or dendrites) of neurons in the hippocampus, a memory centre specifically affected in AD. Increasing the number of spines is important as this permits many more neurons to interconnect with any particular neuron thereby increasing the brain’s capacity to carry out learning and memory functions.

Importantly, these anatomical changes to the hippocampus were also accompanied by increased levels in key proteins involved in learning, memory and neuronal growth. The levels of many of these proteins were restored to the levels seen in healthy, cognitively normal animals.

“The ability of PBT2 to promote the forming and reforming of connections between neurons is fundamental to the repair of brain tissue damaged by AD, and the expression of key neuronal receptors and signaling proteins indicates that the repaired tissue is functional,” noted Prana’s Head of Research, Associate Professor Robert Cherny.

In a series of parallel experiments, the authors also administered PBT2 to cultured neurons. In these in vitro experiments, PBT2 was able to elicit elongation of ‘arm like’ projections from the immature developing neurons called neurites. These projections can ultimately mature into either axons or dendrites of an adult neuron. Significantly, the changes observed in the in vitro experiments were strictly dependent on the presence of copper or zinc in the growth medium, confirming that the restorative effect of PBT2 is due to its ability to deliver these metals to deficient neurons.

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clno_pic

Biomass can be understood as regenerative (renewable) organic material that can be used to produce energy.

Biomass is biological material from living, or recently living organisms, such as wood, waste, (hydrogen) gas, and alcohol fuels.

Biomass is commonly plant matter grown to generate electricity or produce heat. In this sense, living biomass can also be included, as plants can also generate electricity while still alive.

The most conventional way in which biomass is used, however, still relies on direct incineration. Forest residues, for example (such as dead trees, branches and tree stumps), yard clippings, wood chips and garbage are often used for this. However, biomass also includes plant or animal matter used for production of fibers or chemicals. Biomass may also include biodegradable wastes that can be burnt as fuel. It excludes such organic materials as fossil fuels, which have been transformed by geological processes into substances such as coal or petroleum.

Cleantech Transit Inc. (OTC.BB:CLNO) announced recently the commencement of the final permitting prior to be able to go online at Merced. The Merced project is a 500 Kilowatt biomass-generated power plant that is fully constructed, owned and operated by Phoenix Energy (www.phoenixenergy.net). The Merced project received permission for parallel testing to the grid. This testing process will allow Merced to connect to the grid on its own.

“In approximately 30 days, the parallel testing for final status should be complete, thereafter a conversion from genset to syngas will take place. The initial testing takes place using propane and then converts over to syngas. The final air testing will take place in approximately 90 days. Once testing is complete, the process for applying for the 30% cash grant can begin,” said Alex Holtermann, CEO of Cleantech.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy. This project can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide.

For more information, visit www.cleantechtransitinc.com.

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“This increases Crown Equity Holdings Inc. online network, which already receives more than 510,000 pages views per month, during its 357,000 visits from over 250,000 people according to a third party media measurement service provider Quantcast,” stated Kenneth Bosket, President of Crown Equity Holdings Inc.

Hosted IP-PBX gives businesses of all sizes the most productive phone system calling features traditionally available to only the largest enterprises. No in-house systems or software to buy, manage and maintain is required for the phone system to work.

Hosted IP-PBX enables you to share many incoming phone lines among a larger quantity of extensions, so it may not be needed to cover another line for every office employee or workstation, which saves money. Though the implementation and recurring upkeep of an VOIP PBX system requires a sort of expertise that your particular IT staff might possibly not have. And when you are going with a commercial product, the up-front costs to the hardware and software could possibly be high.

For more information, visit http://www.crownequityholdings.com

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InsWeb Corporation (NASDAQ:INSW) announced that its AgentInsider® Lead Program took home top honors in two of the Leads360® Insurance Lead Provider Awards categories and ranked second in the remaining category. There were 34 national insurance lead providers considered for the awards.

InsWeb Corporation owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb’s primary properties include InsWeb.com, MedHealthInsurance.com, LocalInsuranceAgents.com, and AgentInsider.com.

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Cytori Therapeutics (NASDAQ:CYTX) grew product sales 41% and made substantial progress in advancing its cardiovascular device product pipeline during 2010. An overview of the Company’s 2010 financial results is below and a review of its business plans for 2011 is provided in the ‘2010 Results Shareholder Letter,’ which may be accessed at http://ir.cytoritx.com.

Cytori is a leader in providing patients and physicians around the world with medical technologies that harness the potential of adult regenerative cells from adipose tissue.

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BioScrip, Inc. (Nasdaq:BIOS) announced 2010 fourth quarter and year-end financial results. Fourth quarter revenue was $450.4 million with a net loss of $67.1 million, or $1.25 per share, which included a deferred-tax asset valuation allowance expense of $54.0 million and $9.2 million of litigation, restructuring, integration, acquisition, severance and CAP bad debt expense. Adjusted EBITDA for the fourth quarter was $10.0 million. For the year ended December 31, 2010, revenue was $1.6 billion with a net loss of $69.1 million, or $1.37 per share. Adjusted EBITDA for the full year was $49.2 million.

BioScrip, Inc. is a national provider of specialty pharmacy and home care products and services that partners with patients, physicians, hospitals, healthcare payors and pharmaceutical manufacturers to provide clinical management solutions and delivery of cost-effective access to prescription medications.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Tags: advertising, BioScrip, Cleantech Transit, CLNO, CLNO.OB, Crown Equity Holdings, CRWE.OB, Cytori, digital advertising, digital media, InsWeb, market awareness, mass transit, Nasdaq:BIOS, NASDAQ:CYTX, Nasdaq:INSW, online advertising, online publishing, otc:crwe, Phoenix Energy, public transportation, renewable resources

Posted in Top News |

GTN, CLNO, CRWE, AHT, HRZ, - Hot Stocks by DrStockPick.com

Sunday, March 20th, 2011

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Gray Television Inc. (NYSE:GTN) announced results of operations for the three-month period (the “fourth quarter”) and year ended December 31, 2010 (”2010″) as compared to the three-month period and year ended December 31, 2009. Gray Earns Record Revenue and Broadcast Cash Flow for the Year Ended December 31, 2010: For the year ended December 31, 2010, we recorded revenue of $346.1 million and broadcast cash flow of $148.9 million. These are record amounts for Gray. GTN, previous records were set in 2006 when we recorded revenue of $332.1 million and broadcast cash flow of 143.4 million for the year. These record amounts were driven in part by a record $57.6 million of political advertising revenue in 2010.

Gray Television, Inc. operates as a television broadcast company in the United States. As of April 6, 2010, it operated 36 television stations in 30 markets, including 17 affiliated with CBS Inc.; 10 affiliated with the National Broadcasting Company, Inc.; 8 affiliated with the American Broadcasting Company (ABC); and 1 affiliated with FOX Entertainment Group, Inc. (FOX).

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Cleantech Transit Inc. (CLNO.OB) is engaged in biomass generation. Biomass is used for power generation in the electricity sector and for space heating in residential and commercial buildings. Biomass can be converted to a liquid form for use as a transportation fuel, and research is being conducted on the production of fuels and chemicals from biomass. Biomass materials can also be used directly in the manufacture of a variety of products.

CLNO recently announced that its interest in a 500 Kilowatt biomass-generated power plant owned and operated by Phoenix Energy. The plant is fully constructed in Merced, California and is the first-of-its kind to receive an Authority to construct permit from the San Joaquin Air Pollution Control District in California’s Central Valley as well as a use permit from Merced County.

Cleantech Transit Inc., was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value.

For more information, visit www.cleantechtransitinc.com.
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Crown Equity Holdings Inc. (CRWE.OB)

Advertisement plays an important role as well acts as one of best marketing tools for every business. There are too many benefits of online form of advertising over the offline options. Just a few clicks can bring many offers to a customer for a product or service and the customer may go with anyone. The Online form of advertising needs less effort but produces maximum results.

Crown Equity Holdings Inc. recently made an announcement that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

CRWE together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

For more information, visit http://www.crownequityholdings.com
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Ashford Hospitality Trust Inc. (NYSE:AHT) announced it has formed a new joint venture with an institutional partner to take ownership of the 28-hotel Highland Hospitality portfolio. The acquisition and restructuring were completed through a consensual foreclosure for total consideration of $1.277 billion. The total consideration equates to a purchase price of $158,000 per key compared with $244,000 per key before capital improvement funding when the portfolio was acquired in 2007 in a privatization of publicly traded Highland Hospitality. Based on 2010 results, the purchase price equates to an EBITDA multiple of 13.4x and a capitalization rate of 6.1% utilizing NOI that is approximately 36% below its peak levels.

Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States.
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Horizon Lines, Inc. (NYSE:HRZ) reported financial results for its fiscal fourth quarter and year ended December 26, 2010. As a result of the company’s previously announced plans to divest its logistics business, financial results are being presented on a continuing operations basis, excluding the discontinued logistics operations. On a GAAP basis, the fourth-quarter net loss from continuing operations totaled $46.4 million, or $1.50 per share, on revenue from continuing operations of $298.8 million. On an adjusted basis, the fourth-quarter net loss from continuing operations totaled $10.2 million, or $0.33 per diluted share, after excluding charges totaling $36.2 million after tax, or $1.17 per diluted share. The majority of these charges, $30.0 million, represents the net present value of a $45.0 million, non-interest bearing fine associated with the resolution of the Department of Justice’s antitrust investigation. The remaining charges include a reduction in non-union workforce, antitrust-related legal fees, an agreement to settle indirect purchaser litigation in Puerto Rico, and equipment impairment charges.

Horizon Lines, Inc., through its subsidiaries, provides container shipping and integrated logistics services. It ships a range of consumer and industrial items, such as refrigerated and non-refrigerated foodstuffs, household goods, auto parts, building materials, and other materials used in manufacturing.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 2,000,000 shares of 144 restricted stocks from the company for 12 months of advertisement services for Cleantech Transit, Inc. (CLNO.OB)

Tags: advertising, Ashford Hospitality, Crown Equity Holdings, CRWE.OB, electronic media, Gray Television, Horizon Lines, NYSE:AHT, NYSE:GTN, NYSE:HRZ, online publishing

Posted in Stock Alerts |