Index of high-growth private companies shows an increase in revenue performance that takes the index to a 2008 high point.
Chicago, IL, September 04, 2008 — After a momentary slight decline in June, the Entrex PCI/Gazelle’s Index was back up again in July, ending the month 4.2 percent higher than the previous month and setting a record for an all-time high.
The PCI/Gazelle’s Index, which tracks the monthly revenue performance of 10 high-growth private companies in North America, closed at 1,261. Most of the companies on this Index, a subset of the larger Entrex Private Company Index (PCI), located all across the country and representing diverse industries, reported revenue growth in July.
The PCI/Gazelle’s Index performance was double the growth of the overall Entrex Private Company Index (PCI), which was up 2.2 percent in July both closing on a month-over-month increase during a period when other U.S. economic indicators reported a varied mix of positive and negative results.
Interest rate spread, the Index of Consumer Expectations and manufacturers’ new orders for non defense capital goods all showed positive data for July. Meanwhile, building permits, stock prices and unemployment claims data reflected negatively on July and prospects for August. This data comes from the Conference Board’s U.S. Leading Economic Indicators that reported its second overall decrease in the past three months and now indicates a negative 1.8 percent annual rate for 2008.
Entrex CEO Stephen H. Watkins isn’t surprised that the Entrex PCI Indexes were up. “I’ve long said that the success of smaller private companies drives the U.S. economy and the revenue news in July simply bears this out.
The PCI/Gazelles Index is sponsored by Entrex, a Chicago-based company that works with companies and accredited /institutional investors to provide efficient licensing, origination, servicing, reporting, rating and trading of entrepreneurial company financial instruments, in partnership with global executive education and coaching firm Gazelles.
About The Entrex Pci/Gazelles Index:
Published monthly, the Entrex PCI/Gazelles Index tracks the revenue performance of a 10 company subset of the overall Entrex Private Company Index (PCI). The 10 participating companies represent the PCI’s top growth firms from the previous year (as measured by year over year revenue) and focuses on the sector of private companies up to $250 million in annual revenue. www.privatecompanyindex.com
Co-sponsor, Gazelles, is the premier executive education & coaching for leaders of mid-size firms (30 to 2000 employees) around the globe. www.gazelles.com
Press Release submission By PressReleasePoint
Contact:
Erika Conefry
ENTREX Inc.
311 South Wacker Dr.
48th Floor Chicago, IL 60606
877 436 8739
[email protected]
http://www.privatecompanyindex.com
