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Home > (WRC, AKS, CRWE, MJS.V, EQR) Featured Stocks by PennyOTCStock.com

(WRC, AKS, CRWE, MJS.V, EQR) Featured Stocks by PennyOTCStock.com

July 30th, 2011 at 12:23 pm








Warnaco Group Inc. (NYSE:WRC) announced it will release its second quarter fiscal 2011 results after the market close on Monday, August 1, 2011. The Company will also hold a conference call Monday, August 1, 2011 at 4:30 p.m. EDT to discuss the results. The call will be webcast and may be accessed via the investor relations page of Warnaco's website at www.warnaco.com. For those unable to participate, a replay of the webcast will be available following the conference call.

The Warnaco Group, Inc., headquartered in New York, is a leading global apparel company engaged in the business of designing, sourcing, marketing and selling men's, women's and children's sportswear and accessories, swimwear and intimate apparel under such owned and licensed brands as Calvin Klein®, Speedo®, Chaps®, and Warner's® and Olga®.

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AK Steel Holding Corporation (NYSE:AKS) announced that its board of directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on September 9, 2011 to shareholders of record on August 15, 2011.

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.

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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.

Online marketing is one of the most effective ways of bringing in new customers for your business. Unfortunately, there are still many business owners out there who have no idea what Internet marketing really is. Many of these businesses are facing serious competition from online ability upstarts who are able to tap into the huge online market. Recent estimates have placed the number of people who have access to the Internet at over a billion individuals. If you are not yet trying out Internet marketing avenues, then you may be missing out on a lot of potential sales.

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.

For more information please visit official website of CRWE: www.crownequityholdings.com

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Majestic Gold Corp. (MJS.V)

Gold is one of the most precious metals in the world. It is present in the rivers, seas, and the earth's crust and trace amounts are present in plants and animals. It is, however, difficult and expensive to extract. In modern mining operations approximately 3 tons of ore are needed to extract one ounce of gold. The many desirable qualities found in gold, along with its scarcity, have made it the most popular metal for use in jewelry today. Gold is very ductile and is the most malleable metal; it can be beaten into extremely thin sheets of gold leaf. Only silver and copper, which are above it in Group 11 of the periodic table, are better electrical conductors. Gold is chemically inactive.

It is unaffected by moisture, oxygen, or ordinary acids but is attacked by the halogens. Aqua regia is so named for its ability to dissolve gold, the "king" of the metals. Gold forms both aurous (univalent) and auric (trivalent) compounds; auric chloride and chloroauric acid are its most common compounds.

Gold is widely distributed on the earth; although large amounts are present also in seawater, the cost of current methods for recovering it exceeds its value. Most gold is found in the metallic state in the form of dust, grains, flakes, or nuggets. It occurs, usually in association with silver or other metals, in quartz

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

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 about company: www.majesticgold.net

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Equity Residential (NYSE:EQR) reported results for the quarter and six months ended June 30, 2011. All per share results are reported on a fully-diluted basis. FFO (Funds from Operations), as defined by the National Association of Real Estate Investment Trusts (NAREIT), for the second quarter of 2011 was $0.58 per share compared to $0.58 per share in the second quarter of 2010. For the second quarter of 2011, the company reported Normalized FFO of $0.60 per share compared to $0.58 per share in the same period of 2010. The difference is due primarily to: the positive impact of $0.06 per share from higher same store NOI and $0.04 per share from higher lease-up NOI; the negative impact of $0.06 per share from 2011 transaction activity and timing; and the negative impact of approximately $0.02 per share from other items including higher interest expense and the dilutive effect of stock options due to a higher than budgeted share price.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States.

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