Chicago, IL August 21, 2006 – How does your company’s performance compare to others in the private sector, and to sales trends seen in NASDAQ and DOW index members? If you don’t know, you’re behind the eight ball, because over 1800 other CEOs now have this information. In the first four weeks that the Private Company Index Challenge was live online (www.privatecompanyindex.com) it received an astonishing amount of attention. Nearly 100 businesses acknowledged the desire to become trailblazers and applied to join the index; membership numbers a climbing and will have to be capped soon.
July saw a slight dip in PCI performance. Dropping from 618 to 565, the Index reflected an 8.5% decline from last month. Comparatively, the NASDAQ Index took a 3.71% drop for the month which seals a downward trend of 5% for the year. The DOW Index held relatively stable with a one point increase this month to demonstrate a 4% increase for the year.
The PCI indicates that private industry is holding strong and experiencing growth, the Index is up 23.7% for the year. Paul Conforti, President and Co-founder of Boston-based Finale Dessert Company (www.finaledesserts.com) states that they saw a 37% rise in sales from July 2005. Other Index members echo his assertion of consistent growth over the past year.
The Private Company Index (www.privatecompanyindex.com) provides the financial and investment community a resource to objectively measure private business activity. The Index also allows business owners and the general public the ability to follow the trends and productivity of privately owned businesses.
The Index was created by Entrex (www.entrex.net)-the global source to find, research, track, manage and trade interests in private companies- along with the Private Business Channel (PBC) (www.privatebusinesschannel.com) an online video and television production company featuring the best-of-breed private companies on the path to open their equity to private investors.