50 percent Drop in Private Companies Touting High Growth Behavior

Released on: August 14, 2008, 3:29 am

Press Release Author: Erika Conefry

Industry: Financial

Press Release Summary: Entrex Private Company Index reveals a 50 percent reduction
in companies exhibiting high-growth, according to Q2 revenue data. Two CEOs from
companies distinguished with Top Growth awards this quarter speak out about their
methods for success.


Press Release Body: Chicago, Illinois, August 14, 2008 -- According to the Entrex
Private Company Index (PCI) there was a 50 percent reduction in North American
private companies showing quarter over quarter revenue growth of 20 percent or
greater in Q2 of this year.

2008 over 2007 revenue data for combined April-May indicates that 23% of the PCI
portfolio showed revenue growth in a range of 23-86 percent. Looking back one year,
Q2 2007 over Q2 2006 data reflects that nearly double that amount, or 45 percent of
the overall portfolio, fell into this spectrum that is typically considered "high
growth" - exhibiting quarterly revenue increases from 20-193 percent.

Entrex CEO, Stephen H. Watkins, considers the implications of this data; "From where
we sit, our position being one of objective measurement, it looks like half as many
companies are able to move into, or maintain this high-growth pace."

This data came to light as PCI analysts assessed quarterly revenue performance to
recognize deserving companies for the Q2 Top Five High Growth Award. Those firms
that excelled to point of distinction this quarter are:

- ABC Packaging Direct (www.abc-packaging.com) - Cleveland, OH - Custom packaging
solutions designed online.
- GCS Agents (www.gcsagents.com) - Salisbury, NC - Integrated customer care
solutions for major corporations.
- NouvEON Technology Partners (www.nouveon.com) - Charlotte, NC - A regional
business and technology consulting firm for the Fortune 1000 and mid-market
companies in the Southeast.
- Rising Medical Solutions (www.risingms.com) - Chicago, IL - A national medical
cost containment and care management organization that services the auto, workers'
compensation and liability markets.
- TicketCity.com (www.ticketcity.com) - Austin, TX - Sports, entertainment and major
event ticket broker.

Making it look easy to lead the current high-growth pack, this group experienced an
average quarterly revenue increase of $1.6 million and median quarter over quarter
growth of 56 percent.

David Marinac, CEO of ABC Packaging Direct, comments that their growth can be
attributed to an innovative business model. "We utilize technology to push clients
to us instead of pounding on their doors. The client is already interested in our
products and services and is willing to share what experiences they\'ve had in the
past. Having this information is critical to shortening the sales cycle. To quote
one of my favorite books-'It\'s Not the Big That Eat the Small.....It\'s The Fast That
Eat the Slow.'"

As CEO of Chicago-based high-growth company Rising Medical Solutions, Jason Beans
holds a contrasting belief of steady-and-stable as to their reasons for success in
today's market.

"While the medical cost containment field may not be the sexiest industry during
good market conditions, it is certainly stable and more recession-proof than other
industries in a down time. No matter what type of economic environment our country
is experiencing, people always need medical treatment - it's not a luxury, it's a
necessity."

Beans also comments that Rising spent past years putting critical systems,
processes, and talent in place to create a scalable infrastructure that allows for
substantial growth without sacrificing product quality.

Past quarterly top growth companies can be viewed at
www.privatecompanyindexcom/top5.php.

About the Entrex Private Company Index:

Published monthly, the Entrex Private Company Index (PCI) is a proprietary
benchmarking tool that measures revenue performance in the sector of private
companies with $250 million or less in annual revenue. The PCI is recognized by
Investment professionals and financial media as a leading and authoritative source
on private company revenue performance. The PCI provides the financial markets with
the ability to objectively measure private business activity -- allowing for
historical analysis, comparison and predictive forecasting.
www.privatecompanyindex.com.
Press release distribution by PressReleasePoint ( http://www.pressreleasepoint.com )

Contact:

Erika Conefry
Entrex Private Company Index
311 South Wacker Dr.
48th Floor
Chicago, IL 60606
877-436-8739
econefry@entrex.net
http://www.privatecompanyindex.com

Web Site: http://www.privatecompanyindex.com

Contact Details: Erika Conefry
Entrex Private Company Index
311 South Wacker Dr.
48th Floor
Chicago, IL 60606
877-436-8739
econefry@entrex.net
http://www.privatecompanyindex.com

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