Crown Equity Holdings Inc. (OTCBB:CRWE) is pleased to report Crown Equity Holdings Inc.�s financial information for the 6-month period ending June 30, 2010. Revenue for the six months totaled $678,988, compared to $84,357 during the same period in 2009. Crown Equity Holdings inc. incurred an operating loss of $26,739 for the six months ending June 30, 2010, compared to an operating loss of $245,796 during the same period in 2009. Crown Equity Holdings Inc. incurred a net loss of $201,658 for the six months ending June 30, 2010, compared to a net loss of $255,006 for the same period in 2009. The net loss in 2010 was due primarily to an unrealized loss of $169,195 on securities held by Crown Equity Holdings Inc.
�We are pleased with the continued progress during the last six months compared to the same period in the previous year,� commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. �Not only do our financial results show strong growth during this year, but we continue to build our internal structure to support future growth,� stated Bosket.
Crown Equity Holdings Inc. has increased Crown Equity Holdings Inc.�s workforce to an amount of 35, compared to this time last year�s head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan. Crown Equity Holdings Inc. has also expanded Crown Equity Holdings Inc.�s Internet footprint internationally to include the following 20 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
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Northrim BanCorp, Inc. (Nasdaq:NRIM) this week announced its Board of Directors increased its regular quarterly cash dividend 20% to $0.12 per share on its common stock. The dividend is payable September 17, 2010, to shareholders of record at the close of business September 9, 2010. Northrim has paid a regular quarterly cash dividend since 1995.
�We are happy to be able to raise our dividend to our shareholders this quarter,� said Marc Langland, Northrim�s President and Chief Executive Officer. �The increase in our dividend is a reflection of the strength of our operations and our capital.� At the stock price of $16.61 per share as of August 18, 2010, the current dividend equates to a yield of 2.9% on an annualized basis.
On July 21, 2010, Northrim reported net income in the second quarter of 2010 increased 14% to $2.1 million, or $0.33 per diluted share, compared to $1.9 million, or $0.29 per diluted share, in both the first quarter of 2010 and the second quarter a year ago. For the first half of 2010, profits grew 5% to $4.0 million, or $0.62 per diluted share, from $3.8 million, or $0.60 per diluted share, in the first half of 2009. Northrim�s tangible common equity to tangible assets at quarter end was 10.53%, up from 10.23% a year earlier.
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Jaguar Mining Inc. (NYSE:JAG) is one of the fastest growing gold producers in the world. Jaguar�s plan is to significantly expand gold production from 70,000 ounces produced in 2007 to 600,000 ounces of gold in 2015 through its wholly-owned operations in the state of Minas Gerais, Brazil. Jaguar operates in a prolific greenstone belt with a rich history of gold mining. Jaguar is actively exploring and developing additional mineral resources at its 65,500 acre land base in Minas Gerais and on an additional concession base totaling 186,600 acres in the state of Cear� in the northeast of Brazil through a joint venture.
Jaguar is committed to increasing shareholder value through its aggressive expansion program, sizeable exploration effort and commitment to a best practices program where health, safety and environmental considerations receive the highest priority. Jaguar is a relatively low-cost gold producer and has no gold hedges in place thereby providing the leverage to gold prices directly to its investors.
Jaguar is a Canadian-chartered entity with its headquarters in Concord, New Hampshire, USA. The common shares of Jaguar are listed on the Toronto Stock Exchange and the NYSE Exchange under the symbol JAG.
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