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Home > (ABBC, MJS.V, CHDX, CRWE, EXXI) Stock in Review by CRWEWallStreet.com

(ABBC, MJS.V, CHDX, CRWE, EXXI) Stock in Review by CRWEWallStreet.com

August 3rd, 2011 at 05:12 pm







Abington Bancorp, Inc. (NASDAQ:ABBC) the parent holding company for Abington Bank (the "Bank"), reported net income of $2.2 million for the quarter ended June 30, 2011, compared to net income of $2.0 million for the quarter ended June 30, 2010. The Company's basic and diluted earnings per share were $0.12 and $0.11, respectively, for the second quarter of 2011 compared to basic and diluted earnings per share of $0.10 for the second quarter of 2010. Additionally, the Company reported net income of $3.7 million for the six months ended June 30, 2011, compared to net income of $3.6 million for the six months ended June 30, 2010. The Company's basic and diluted earnings per share were each $0.19 for the first half of 2011 compared to basic and diluted earnings per share of $0.19 and $0.18, respectively, for the first half of 2010.

Abington Bancorp, Inc. operates as the holding company for Abington Savings Bank, doing business as Abington Bank that provides various financial products and services in Pennsylvania.

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Majestic Gold Corp. (MJS.V)

Gold's unique mix of malleability, ductility, conductivity and resistance to corrosion, plus its ability to reflect heat and act as a radiation shield in space make it a highly versatile metal in our age of high technology. In many applications, from electronics to rocket engines, "nothing is as good as gold". Over 400 tons (12.9 million oz) of gold is used annually in industry, decorative jewelry and ceramics, dentistry and medicine.

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

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Chindex International, Inc. (NASDAQ:CHDX) announced that the Company plans to release financial results for the second quarter and first half of 2011, which ended June 30, 2011, on August 8, 2011, after the market closes. Management will host a conference call at 8:00 am ET the following morning on August 9, 2011 to discuss financial results.

Chindex International, Inc. engages in the provision of healthcare services; and sale of medical equipment, instrumentation, and products. The company operates in two segments, Healthcare Services and Medical Products.

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Crown Equity Holdings Inc. (CRWE)

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.
CRWE's digital network is designed, on behalf of its clients, to bring together targeted high-income audiences and advertisers on its financial websites that include, among others, DrStockPick.com, PennyOmega.com, BestOtc.com, CRWEFinance.com, CRWESelect.com, CRWEPicks.com and StockHotTips.com.

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.

Internet marketing is a component of electronic commerce. Internet marketing can include information management, public relations, customer service, and sales. Electronic commerce and Internet marketing have become popular as Internet access is becoming more widely available and used. Well over one third of consumers who have Internet access in their homes report using the Internet to make purchases. Internet marketing first began in the early 1990s as simple, text-based websites that offered product information. It then evolved into advertisements complete with graphics.

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

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Energy XXI (Nasdaq:EXXI) announced it will host a conference call on Thursday August 11, 2011, at 9 a.m. CDT (3 p.m. London time) to discuss fiscal 2011 fourth-quarter and year-end financial and operating results for the period ended June 30, 2011. Results will be released through global newswire services the prior evening and will be available at www.EnergyXXI.com.To actively participate on the conference call, please call the dial-in number below about 5 minutes before the scheduled start time. Those who wish to view the presentation materials, or to participate in listen-only mode, should access the event through the company's web site, www.EnergyXXI.com. A replay of the call will be archived and available on the web site following the live call.

Energy XXI (Bermuda) Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico.

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