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Follow on Google News | Entrepreneurs Fight Back; Index of Private Company Revenue Presents Trends Contrary To RecessionThe Entrex Private Company Index (PCI) saw a slight increase in revenues when assessing May over April. The index reflects that this portfolio of private companies are maintaining a three-year high reached in April.
By: Entrex Private Company Index (PCI) PCI reporting company CEO, John Ratliff, of Delaware based Appletree Answering Service, commented that “the recession, so far, is largely a media created event. The GDP and our businesses continue to grow despite the negativity, and that growth is being fueled by entrepreneurs.” His views are surely reflected by the 53% of PCI companies that saw May revenues equal to or greater than April. Among this group, industry sectors and geographic locations vary widely and PCI analysts were able to draw no obvious conclusions about any specific types of companies that are succeeding right now. Stephen H. Watkins, CEO of Entrex—the PCI’s parent company, chimes in with his view: “The economists at the UCLA Anderson Forecast have been saying since 2007 that they predict no formal recession. Why do we constantly see media fanning the fire of recessionary anxiety rather than more balanced reporting of economic indicators and analyses that point to our economic strength?” “Anderson Forecast economists came out with yet another quarterly update this week reiterating their sentiment but conceding that growth into 2009 will be weaker than we’ve seen in the past. But, the past few years were a boon for the growth and acquisition of entrepreneurial companies—in a variety of sectors. It is only reasonable to expect that a slowdown would come after a period of hyper activity, and perhaps this is it." The Entrex Private Company Index (PCI) reflects a general growth trend from Q3 2005 to date. Watkins says that their analysts will be the first to alert the media and the financial community if there is an extended decline affecting the sector of private companies with $250 million or less in revenue. Right now, the news is good for private company owners who seem to be able to continuously devise their business operations to produce consistent revenues. # # # Published monthly, the Entrex Private Company Index (PCI) is a proprietary benchmarking tool that measures revenue performance in the sector of private companies with $250 million or less in annual revenue. The PCI is recognized by Investment professionals and financial media as a leading and authoritative source on private company revenue performance. End
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