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Year End PCI Announced; Performance Up 52.5% for 2006
Chicago, IL January 16, 2007 – December closes the year with the Private Company Index (PCI) closing at nearly a 53% rise for the 2006 calendar year.
This means that private company performance, as measured by the PCI, rose steadily this year seeing only the slightest seasonal dips. What makes this additionally noteworthy is that the PCI portfolio is comprised of companies representing a variety of industry sectors—everything from general consumer products and services to more esoteric specialty commercial goods.
Entrex Inc. CEO Stephen H. Watkins shares, “This PCI portfolio was made to be purposefully disparate and not represent the performance of one type of company over another. I’m pleased to see that our potpourri of private firms represents positive economic times for all innovative private companies that have bold plans to gain market share by offering new, improved and much needed goods and services.”
“We had another 38 companies apply for membership last week. As we get close to the 1000 member count we will sector out the overall index into industrial and geographic private company indices” said Watkins.
Randy Cohen, CEO (Chief Energizing Officer) of PCI member company Ticketcity.com enthuses, “We’re excited to be a part of the Private Company Index going into 2007. We had an amazing year with a 45% growth increase. Our market space is on fire right now with the US$310 million acquisition of StubHub.com, which EBAY recently bought. We foresee steady growth again this year and are looking forward to our continued partnership with Entrex.”
The big measure of PCI success is that Entrex held the theoretical notion that this sector of private, fast growth and entrepreneurial companies could (if measured in a controlled way) outperform the traditional public vehicles that the financial markets use as economic indicators. Year-end 2006 numbers reflect that this indeed proved to be the case. 2006 saw the Dow rise only 16.28% and NASDAQ with a slighter increase of 9.52%.
The mission of the PCI was to create a tool that enables the financial marketplace to objectively measure private business productivity in real time. Based on the monthly data presented by the PCI it is apparent that the potential dividends reaped from this sector provide the opportunity for greater returns than those realized from more traditional public sources.
About Private Company Index
The Private Company Index (www.privatecompanyindex.com) provides the financial and investment community a resource to objectively measure private business activity.
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 (www.privatebusinesschannel.com) an online video and television production company featuring the best-of-breed private companies seeking to open their equity to private investors.
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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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