Crown Equity Holdings Inc. Letter of Intent to Acquire American Video Teleconferencing Corp.
02 July 2014 - 10:00PM
Crown Equity Holdings Inc. (OTCPink:CRWE) is pleased to announce
the execution of a letter of intent to acquire American Video
Teleconferencing Corp., (OTCPink:AVOT). The proposed acquisition
will be a stock transaction in which Crown Equity Holdings will
acquire ninety five percent (95%) of American Video
Teleconferencing Corp.'s outstanding shares.
Upon the execution of a definitive agreement and subsequent
closing of the transaction, it is envisioned that American Video
Teleconferencing Corp. will become a subsidiary of Crown Equity
Holdings Inc.
Crown Equity may then merge another subsidiary, Roxzu, which is
an on-line e-commerce coupon distribution channel and marketplace
for merchants to create brand awareness for their business, by
offering goods and services to consumers at a discount, into
American Video Teleconferencing Corp.
Roxzu will be expanding its application to include auto repairs,
real estate, bars, movie theaters, retailers, golf courses, auto
dealerships and a variety of other businesses existing within a
community: www.roxzu.com.
About Crown Equity Holdings
Together with its digital network of websites, Crown Equity
Holdings Inc. provides and offers advertising branding, marketing
solutions and services to boost customer awareness, as well as
merchant visibility as a worldwide online multi-media publisher.
The Company launches, invests and manages select businesses,
projects and real estate endeavors. For more information regarding
Crown Equity Holdings Inc., please visit:
http://www.crownequityholdings.com.
About American Video Teleconferencing Corp.
American Video Teleconferencing Corp., an exploration stage
company, engages in the exploration and production mineral
properties in Canada.
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with new business opportunities and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT: Kenneth Bosket, President
702 448-1543
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