News
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Private Company Index has 12% Decrease in April - UP for the year.
Chicago, IL May 19-2006 - Private Company Index reports a 12.1% average decrease in revenue for April 2006 for its member companies. The Index decreased 76 points last month to 553 from March's results. While this first month of the second quarter marks a loss, the first quarter of 2006 concluded in an overall private company revenue increase of 37.57%.
"We are excited about the continued increases the index has experienced and we look at this decrease as a demonstration of the reality of private companies. We are anxious to see what the rest of the second quarter holds for the Index member companies," says Stephen H. Watkins, Entrex CEO.
Not all Index Companies experienced a loss in revenue last month. "We enjoyed a 21% increase in revenue over the prior year and we look forward to continued success and growth this year," reports CFO John Marshall of The CBI Group. www.thecbigroup.com
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The Private Company Index 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 – the global source to find, research, track, manage and trade interests in private companies- along with the Private Business Channel (PBC) an online video and television production company featuring the best-of-breed private companies on the path to open their equity to private investors.
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