Crown Equity Holdings, Inc. (OTCBB: CRWE) announced that it will implement a forward stock split of its common stock on a one-for-ten basis. In connection with this forward split, the Company will increase its authorized shares from 500,000,000 to 1,000,000,000 shares. An effective date for the split has not been determined but is expected to occur in late July for shareholders of record as of July 15, 2010.
Ken Bosket, CEO of Crown Equity Holdings, Inc., stated, "It has been determined that this 1 - 10 forward split should benefit our shareholders by increasing the amount of liquidity available to investors therefore giving us the potential to attract more buyers of an institutional nature. Considering the huge increase in income Crown Equity Holdings, Inc. has experienced this past year, we are confident our future projected revenue stream will more than support this financial strategy."
Mr. Bosket said further that he was very pleased with the recent performance of CRWE shares and believes this 1 for 10 split will be an advantage to their shareholders.