Doral Financial (DRL) Lengthy Financial Feud Concludes, Mentor Graphics (MENT) Victorious on Patent Dispute Posted: October 11, 2014 @ 12:38 pm |
AVOT has two (2) sub-company operations known as, Roxzu and AVOTube. Roxzu ( www.roxzu.com ) in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. AVOTube ( www.avotube.com ) is a video-sharing hosting service that allows user to upload videos to share for exposure, branding, marketing and advertising.
CRWE has executed a Letter of Intent to acquire AVOT. The proposed acquisition will be a stock transaction in which CRWE will acquire 95% of AVOT’s outstanding shares. CRWE is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of website communities, which business model is based on selling advertising to businesses targeting both locally and nationally The CRWE-PR Network has reached the 1400th community website in the U.S., associated with 3282 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, New York State, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada. CRWE and PolarWeb Media, LLC reported a Joint Venture agreement to engage in increasing web traffic to selected websites. CRWE will receive 50% of the revenues generated by PolarWeb Media through the use CRWE Network, with PolarWeb Media having the remaining 50%. PolarWeb Media, LLC will focus on driving traffic and generating ad revenues. According to CRWE, this joint venture will assist in monetizing its CRWE network of targeted community publications, while increasing the company’s shareholders value.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.. More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com **
Puerto Rico Superior Court Judge Laureana Perez has ruled in favor of DRL, and the company is now entitled to a $229 million tax refund from the government of Puerto Rico. The ruling issued by the Court of First Instance aims to resolve a lengthy financial feud between the government and DRL. Puerto Rico's Treasury Department, or Departamento de Hacienda, will be required to pay DRL the full amount in installments over a five-year period, although the law allows for longer payment plans for judgments against the government. Puerto Rico's Treasury Department said it will pursue "all legal options available" to appeal the decision that favored DRL.
DRL is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico, Doral Insurance Agency, LLC, Doral Recovery, Inc., and Doral Properties, Inc. More about Doral Financial Corporation (DRL) at www.doralfinancial.com. **
Keep a close eye on MENT. It reported that a Portland, Oregon jury delivered a verdict in favor of MENT in a trial in which the company asserted infringement of one of its patents against Emulation and Verification Engineering S.A. and Synopsys, Inc. (SNPS) The jury in the United States District Court for the District of Oregon found that one MENT patent – U.S. Patent No. 6,240,376 – was directly and indirectly infringed by Emulation and Verification Engineering and Synopsys. As part of the verdict, the jury awarded damages of approximately $36 million and certain royalties to be paid to MENT.
MENT is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronic, semiconductor and systems companies. More about Mentor Graphics Corp. (MENT) at www.mentor.com ** Disclaimer: All statements, expressions or listings of the companies featured in this article must be understood as information provided and not investment advice. PennyOmega.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Crown Equity Holdings Inc. (CRWE) will receive 50% of the revenues generated by PolarWeb Media through the use of CRWE’s sites, with PolarWeb Media having the remaining 50%. Entire Disclaimer at www.pennyomega.com/disclaimer
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American Video Teleconferencing Corp. (AVOT)
Crown Equity Holdings Inc. (CRWE)
Doral Financial Corporation (DRL)
Mentor Graphics Corp. (MENT)
