June Private Company Performance Drops While the Sector Reveals Annualized Performance That is 40% Greater Than the Public Markets

 

Chicago, IL - July 16, 2007 – The Private Company Index (PCI) for June 2007 shows a slight decrease in performance from this sector.  The Index is down 2.1% from May—indicating a reading of 786.  At the end of Q2, the PCI reflects a total annualized growth rate of 25.8% for 2007, which is 41% more growth than experienced by the major public market indexes (Dow and NASDAQ) during this same period.

Sponsored and administered by Entrex, Inc., the PCI is a proprietary benchmarking tool used to measure overall performance growth, and decline, in the private sector.  It is recognized as the most authoritative source on company growth and private sector performance by practitioners in the financial markets (including investment bankers, broker-dealers, and M & A professionals and accounting firms).

Entrex CEO, Stephen H. Watkins, explains his views on the relevance that the monthly PCI has to US economic conditions, “The PCI portfolio, purposefully kept to a reasonably small size and planned to represent a diverse industry perspective, equates to over $560M in annual revenue.  These are the exact small to mid-sized ‘Main St.’ companies which are fueling our country’s fiscal and employment growth.  As the Index fluctuates, it’s a direct correlation to the goods and services consumers are drawing from the private sector—thus the success of the entities which provide jobs in our communities and allow for individual fiscal gain.”  

The PCI also tracks private company sentiment data regarding key financial indicators related to company growth as measured by hiring, perceived access to capital and growth funding availability.  Private company CEO thoughts related to Q2 2007, and forward looking Q3 impressions, were gathered this month and are expected to be available soon.  Past trending reports can be viewed on the Index website at www.privatecompanyindex.com.

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