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Home > (CRWE, STEL, DXPE, MJS.V, AXTI) Stock Updates by BestOtc.com

(CRWE, STEL, DXPE, MJS.V, AXTI) Stock Updates by BestOtc.com

July 29th, 2011 at 09:17 am







Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

The internet makes it very easy for people to buy your products. Instead of getting in the car and driving to a store, all someone has to do is search your website and place an order. Shopping online also means people can search and browse at their leisure, without any pressure from sales staff.

When someone lands on your site, they are seated in front of their computer, usually in a low stress environment. Once someone visits your site, they can come back and buy something in the future, even if they leave without buying anything initially. Online shopping offers people a relaxed and convenient way to make purchases.

For more information, please visit their website: http://www.crownequityholdings.com


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StellarOne Corporation (Nasdaq:STEL) announced that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on August 26, 2011 to shareholders of record on August 8, 2011. The payment represents an annual yield to shareholders of approximately 1.4% based on the closing price of StellarOne stock on July 26, 2011.

StellarOne Corporation operates as the bank holding company for StellarOne Bank that provides various retail and small business banking, commercial banking, consumer lending, mortgage banking, and wealth management services to individuals, and small and middle-market businesses in Virginia.

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DXP Enterprises Inc. (NasdaqBig GrinXPE) announced the successful amendment of its credit facility. The amendment reduced the effective interest rates by approximately 75 basis points, extended the maturity date to July 26, 2016 and modified covenants to increase DXP's ability to complete future acquisitions. The entire amendment will be filed with the Securities and Exchange Commission on Form 8-K. David Little, Chairman and Chief Executive Officer said, "The amendment reduced interest rates and provides DXP with additional flexibility to grow internally and to grow externally through acquisitions."

DXP Enterprises, Inc. and its subsidiaries engage in distributing maintenance, repair, and operating (MRO) products, equipment, and service to industrial customers in the United States.

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Majestic Gold Corp. (MJS.V)

Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and Development Company with a very advanced gold deposit in Shandong province of China. At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study.

Chemically, gold is a trivalent and univalent transition metal. Gold does not react with most chemicals, but is attacked by chlorine, fluorine, aqua regia and cyanide. Gold dissolves in mercury, forming amalgam alloys, but does not react with it. Gold is insoluble in nitric acid, which will dissolve silver and base metals, and this is the basis of the gold refining technique known as "inquartation and parting". Nitric acid has long been used to confirm the presence of gold in items, and this is the origin of the colloquial term "acid test," referring to a gold standard test for genuine value.

Majestic Gold Corp. (MJS.V) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares ("Shares") of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

The lender is at arm's length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.

As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.

In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.

For more information, please visit their website: http://www.majesticgold.net

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AXT Inc. (Nasdaq:AXTI) announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). When the shelf registration statement is declared effective by the SEC, AXT will have the option to offer and sell, from time to time in one or more offerings, up to $60 million of common stock, preferred stock, debt securities, warrants to purchase any of these securities, depository shares, units or any combination of such securities.

AXT, Inc., together with its subsidiaries, designs, develops, manufactures, and distributes compound and single element semiconductor substrates for use in wireless communications, lighting display applications, fiber optic communications, and solar cell.









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