Crown Equity Holdings (CRWE) 50/50 Joint Venture with Crown Tele Services Inc.

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Crown Equity Holdings Incorporated - symbol CRWE - reported that it has entered into a 50/50 joint venture agreement to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Incorporated, which looks forward to building an outstanding team to develop and deliver voice and video over IP services globally. According to IBISWorld Industry Reports, Digital voice will be the fastest growing U.S. industry in the next five years. Voice over Internet Protocol leads the list of the ten most dynamic industries with revenue in 2010 of nearly $12.5 billion dollars, growth 2000 - 2010 of 194% and forecast growth 2010 - 2016 of 17.6%. VoIP industry is fast augmenting and hence it may assure a definite hike in the revenue generation to any organization that steps into this field

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