The third quarter ended September 30

TIV announced today its financial results for the third quarter ended September 30, 2011. Oil and gas production earnings increased 15% to $516,000 in the third quarter of 2011 compared with $447,000 in the third quarter of 2010, reflecting an increase in production at both the Pleasant Valley and Claflin oil fields, as so then as slightly higher oil prices. Net production in the recent third quarter totaled 8,676 barrels of oil compared with 6,638 barrels of oil in the same quarter of 2010, an increase of 31%. Net production costs increased 47% in the recent third quarter compared with the same quarter a year ago, largely the result of higher repairs and maintenance costs.

CRWE reported that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with AVIX Technologies, Inc., which sets forth terms by which AVIX Technologies, Inc. will acquire an exclusive licensing agreement for Canada and a non-exclusive global licensing agreement in the hospitality, foodservice and tourism industries for telecommunications including VoIP (Voice over Internet Protocol) telecom innovation systems for residential and commercial services, calling card and cellular phone applications. According to AVIX, the alliance with Crown Tele Services may position the Company to enter into the Telecom market at a far accelerated pace with significant savings in its equipment and programming costs.

Crown Tele Services Inc. is a provider of affordable, world class communications solutions and is a wholly owned subsidiary of CRWE

HII designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides afterwards-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing near 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.