LAS VEGAS, NV  / CRWE PRESS RELEASE / August 14, 2023 / Crown Equity Holdings, Inc. (OTC PINK:CRWE) today announced the cancellation of its Letter of Intent with Level Finish LLC, which was announced on February 27, 2023, effective immediately.

Therefore, the Company and Level Finish LLC will not be proceeding with the proposed merger outlined in the Letter of Intent.

About Crown Equity Holdings, Inc.
Crown Equity Holdings, Inc. is a vertically integrated, global media company that provides powerful solutions to enhance worldwide visibility and universal relevance, enabling companies to achieve accelerated growth and rapid results that spans all the stages of a company's life cycles. Additionally, Crown Equity Holdings, Inc. is developing its CRWE WORLD (crweworld.com) and related digital properties into a global online community that will launch, manage, and own select businesses and projects. For more information regarding Crown Equity Holdings, Inc., please visit crownequityholdings.com.

Forward-Looking Statement
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development-stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. These factors include but are not limited to those described under "Risk Factors" in Crown Equity Holdings' registration statement referred to above. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Crown Equity Holdings undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

CONTACT
Mike Zaman, President/CEO
702-683-8946
info@crownequityholdings.com

SOURCE: Crown Equity Holdings Inc.