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Crown Equity Holdings Inc. (OTCBB:CRWE) discloses that Crown Equity Holdings Inc. 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 shortly.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking Crown Equity Holdings’ company public, and has re-focused its primary vision with Crown Equity Holdings’ 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 Crown Equity Holdings’ clients.
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Ever-Glory International Group, Inc. (NYSE:EVK) announced just recently the resignation of its Chief Financial Officer and Corporate Secretary Ms. Yan Guo, effective on September 2, 2010. Ms. Yan Guo’s resignation was due to personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company further announced the appointment of Mr. Jiansong Wang as the Chief Financial Officer and Corporate Secretary, effective from September 2, 2010.
“Yan has been a highly valued member of our management team and we wish her all the best in her future endeavors” said Mr. Edward Yihua Kang, Chairman and Chief Executive Officer of Ever-Glory. “Mr. Jiansong Wang had been serving the Company with increasing responsibilities for four years. We are pleased to have him step in as the Chief Financial Officer and Corporate Secretary of Ever-Glory.”
From July, 2002 to February, 2004, Mr. Wang served as the Cost Accountant in Nanjing GongNongBing Textile (Group) Co., Ltd. From March 2004 to June 2006, he served as the General Manager of Accounting Department in MG Garment Manufacturing Co., Ltd. From July 2006 to August 2009, he served as the International Settlement Accountant for Goldenway Nanjing Garments Co. Ltd., a subsidiary of the Company. From September 2009 to September 1, 2010, he was the General Manager of Accounting Department in Ever-Glory International Group Apparel Inc., a subsidiary of the Company. Mr. Wang earned a Bachelors degree in Accounting from Hehai University in the P.R. China.
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Evergreen Solar, Inc. (NasdaqGM: ESLR)
Richard Feldt, the now-former CEO of Evergreen Solar Inc., says his decision to leave the company to run cleantech firm Advanced Electron Beams Inc. won’t hurt the beleaguered solar energy technology maker.
In an interview, Feldt said he didn’t take lightly the choice to leave Marlborough, Mass.-based Evergreen before it finished moving solar panel assembly operations to China - a crucial phase for the company that began under his leadership.
But he says the company’s strategy is sound and will move forward on schedule under Michael El-Hillow, Evergreen’s new CEO, who had previously served as COO and CFO.
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Evolution Petroleum Corporation (NYSE:EPM) recently reported year-end reserves, operational update, and financial results for the three month and twelve month periods ended June 30, 2010, the Company’s fourth quarter (”Q4-10″) and fiscal year-end (”FY-10″), along with its capital plan for 2011.
Year-end Reserves
The Company’s independent reservoir engineers assigned proved reserves of 12.4 million barrels of oil equivalent (MMBOE), a 306% increase over the prior year. Volumes were 83% oil and 91% total liquids. Pre-tax future cash flows from proved reserves discounted at 10% (PV10) increased 642% to $266 million (based on trailing twelve month average first-day-of-month NYMEX prices of $76.21 per BO and $4.10 per MMBTU before adjustment for field differentials, or “SEC pricing”). PV10 is a non-GAAP measure reconciled below.
Proved producing reserves increased 140%, after replacing production, to 1.03 MMBOE and associated PV10 increased by 284% to $29 million.
The increase in proved reserves was primarily due to the first time inclusion of proved reserves at Delhi, the CO2 enhanced oil recovery project operated by Denbury Resources. The substantial addition was the primary factor reducing our Q4-10 depletion rate by 74% to $4.39 per BOE, compared to Q4-09.
Evolution’s independent reservoir engineers further assigned probable reserves of 7.2 MMBOE and $64 million PV10. Probable volumes declined from the previous year, almost entirely due to a portion of Delhi probable reserves being upgraded to the proved classification.
Robert Herlin, President and CEO of Evolution, said “The assignment of proved reserves at Delhi is one more major milestone achieved in our steady growth of share value, further confirming our business model and strategy. We look forward to continued increases in production and reserve upgrades at Delhi through Denbury’s capital contributions and expertise, allowing us to focus our efforts and resources on our other projects and technology.”
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