News
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Private Company Index Up 3.72% for January; CEOs Are Positive About 2007
CHICAGO, Feb. 20 --The January Private Company Index (PCI) indicates that, on average, sales are up 3.72% for this collection of “Blue Chip” private companies located throughout North America. January’s index reading of 722 is a benchmark—highest peak since the birth of the PCI in 2005. Comparatively, NASDAQ’s January performance saw an increase of 2.01% while the Dow saw a slighter rise of 1.27%; reflecting that the PCI nearly doubled the performance of these two public market indicators.
CEOs of PCI companies are enthusiastic about their January sales and were happy to share insights about their month as compared to their industry sector and market space. According to Louis Stack, President of the fitness equipment manufacturer Fitter International, “January [was] a strong month for consumer spending in the health and wellness sector. The demand for our balance training products is growing via web and catalog. The most interesting change is the increased number of web based orders, over all other order channels. I feel 2007 will be a year of significant change in the way we deal with clients.”
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Entrex works with private companies and accredited/institutional investors creating a venue where investors can find, research, track and invest in private companies. Private companies that adhere to the methodologies and disciplines of Entrex gain credibility and exposure to the investor community while gaining liquidity options beyond the traditional route of IPOs, mergers and/or acquisitions. Through its innovative approach and process, Entrex is creating a whole new path to capital for privately-owned businesses.
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