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Private Company Index Up 17% for Q1 2007 - CEOs Share Expectations
Chicago, IL - April 16, 2007 – The March Private Company Index (PCI) figure indicates that sales activity from private firms saw a major turnaround after the slight stall experienced in February. The PCI hit a chart-topping high of 814 based on revenue figures provided by this “Blue Chip” collection of privately-held companies.
This 17% increase in performance over Q1 represents the largest month-on-month gain in the history of the Index as measured with the largest portfolio of companies since its inception. The PCI Companies now represent over $575M in sales!
Stephen H. Watkins, CEO of Entrex, Inc. a company which co-founded the PCI almost two years ago shared his thoughts on the matter: “The Q1 PCI chart did see some jumpy action, but I believe this figure finally places us at our baseline for the year. Survey data tells us that our portfolio CEOs feel there are still greater possibilities to come in 2007; they are literally just warming up.”
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