LAS VEGAS, NV--(Marketwire -04/16/12)- Crown Equity Holdings Inc. (OTC.BB: CRWE.OB - News) (www.crownequityholdings.com) announced that its subsidiary Crown Tele Services Inc.(www.crownteleservices.com), an emerging VoIP (Voice over Internet Protocol) company, has dissolved its joint venture with Mr. Hemant Kumar and Mrs. Reetu Sherma by mutual agreement. Crown Equity Holdings Inc. will own 100% of Crown Tele Services Inc.
Mr. Kumar was never formally appointed Chairman of the Board of Crown Tele Services Inc. Therefore, his resignation from that position was not necessary.
The joint venture was for the purpose of developing and deploying a state of the art VoIP services network on the behalf of Crown Tele Services Inc. Mr. Kumar and Mrs. Sherma will pursue other opportunities, as Crown Tele Services Inc. continues to grow its existing VoIP communication business.
"We are very appreciative of the efforts made by Mr. Kumar and Mrs. Sherma," said Kenneth Bosket, President of Crown Tele Services Inc.
About Crown Tele Services Inc.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information, visit www.crownteleservices.com.
About Crown Equity Holdings Inc.
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information, visit www.crownequityholdings.com.
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