DrStockPick Provides Updates On Endeavour (END), Emerson Radio (MSN), Crown Equity Holdings (CRWE) and Emergent Group (LZR).
Monday, September 27th, 2010

Crown Equity Holdings Inc. (OTCBB:CRWE) announced recently that it has launched its crwenewswire.fr website to provide news in France’s native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.ca, soon.
“The new website is one step in many towards the company goal of expanding its footprint internationally, ” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Our goal for 2010 is to have all CRWE’s clients’ press releases, articles and news content published in every major financial country’s native language, as well as within cities of every state of our country,” stated Mr. Bosket.
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.
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Emergent Group Inc. (NYSE Amex:LZR), a leading provider of mobile medical lasers and surgical equipment, cited delayed consumer demand for medical procedures and related services as it reported the following financial results for the second quarter ended June 30, 2010 versus the prior year period:
* Revenue decreased 7.0% to $7,246,842 versus $7,788,765 for the prior year’s second quarter ended June 30, 2009.
* EBITDA (earnings before interest, taxes, depreciation and amortization) declined 8.1% to $1,954,375 versus $2,126,311 for the prior year period.
* Net income decreased 17.2% to $719,517, or $0.10 per diluted share, for the second quarter of 2010, versus $869,064, or $0.12 per diluted share, in the prior year period. Diluted weighted-average shares outstanding were slightly lower in the current quarter at 7,068,876 versus 7,089,544 for the prior year period.
* At the end of the quarter, the company had a cash balance of $5,801,612, amounting to $0.82 per diluted share.
“While Emergent Group and its competitive position remain strong, we saw some of the effects of overall soft demand for medical products and services that curtailed performance in certain healthcare sectors during the second quarter,” said Emergent Group Chairman and CEO Bruce J. Haber. “However, as we mentioned in our first quarter report, not all medical procedures can be postponed indefinitely, and we could see a rebound as early as the third quarter of this year. We continue to believe that this short-term consumer trend has been caused by the economic downturn, as some unemployed Americans have lost their health insurance or have otherwise postponed medical procedures.
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Emerson Radio Corp. (NYSE Amex: MSN) has appointed Andrew Davis, age 42, to the positions of Executive Vice President and Chief Financial Officer effective September 3, 2010. Mr. Davis has served as Vice President, Finance and Corporate Controller of Emerson Radio since August 2007. In addition, Mr. Davis serves as the Secretary and Treasurer of Emerson Radio.
Emerson also announced that Greenfield Pitts, age 60, resigned from his positions as Executive Vice President, Chief Financial Officer and a director of Emerson Radio effective September 3, 2010. Mr. Pitts will continue to serve Emerson Radio in a consulting capacity for a period of one year, beginning September 4, 2010.
Emerson Radio Corporation, founded in 1948, is headquartered in Moonachie, N.J. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products. For more information, please visit Emerson Radio’s Web site.
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Endeavour International Corporation (NYSE-Amex: END) reports that John G. Williams, executive vice president - exploration, will retire effective September 30, 2010. Since joining Endeavour in 2007, he has been a member of the company’s executive committee assigned to the company’s London office as head of exploration. He will continue his association with the company in a consulting capacity throughout the remainder of the year.
In conjunction with the retirement of Williams, the company will combine its UK exploration and operations teams into a single operating group. Carl D. Grenz, currently executive vice president of operations, will assume responsibility for all UK operations as executive vice president - international and continue to serve on the company’s executive management committee.
As part of the reorganization of the UK operations, Endeavour named Jim Munns to the new role of Director of Regulatory Affairs, expanding on his previous responsibilities with DECC and other regulatory groups relevant to Endeavour’s efforts in the North Sea. Nick Terrell will become Director of Exploration responsible for the company’s exploration activities in the UK. Both will report directly to Mr. Grenz.
The company also announced that it will form a new committee of the board entitled “Technology and Reserves.” The committee, chaired by John N. Seitz, vice chairman and co-founder of Endeavour, will support the board providing increased focus on emerging technologies in the upstream industry and oversight of the company’s reserve evaluation and reporting processes.
Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and the United States.
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