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/C O R R E C T I O N -- BLACK ENTERPRISE/

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SOURCE BLACK ENTERPRISE

In the news release, BLACK ENTERPRISE Publishes Rankings Of The Nation's Largest Black-Owned Businesses, issued June 30, 2014 by BLACK ENTERPRISE over PR Newswire, we are advised by the company that the Financial Services Company of the Year award winner should be "Holland Capital Management, Chicago, IL; CEO: Monica L. Walker. Business: Equity and Fixed Income Investment Management" rather than, "Vista Equity Partners, San Francisco, CA; CEO, Robert F. Smith. Business: Private Equity (focus on technology)," as originally issued inadvertently. The complete, corrected release follows:

BLACK ENTERPRISE Publishes Rankings Of The Nation's Largest Black-Owned Businesses

42nd Annual Black Enterprise 100s Report On Top Industrial/Service Companies, Auto Dealerships, Financial Companies and Ad Agencies on Newsstands Now

NEW YORK, June 30, 2014 /PRNewswire/ -- BLACK ENTERPRISE (BE) marks 42 years of listing America's largest black companies with the publication of the BLACK ENTERPRISE 100s, universally recognized as the most authoritative analysis and annual ranking of the nation's top grossing black-owned companies. The BE 100s consists of rankings of America's 100 largest black-owned industrial/service companies, 60 automobile dealers, as well as listings of the top advertising agencies, banks, asset managers, investment banks and private equity firms. The 2014 BE 100s Report: Scale Up Your Business is published in BLACK ENTERPRISE Magazine (currently on newsstands) as well as online at BlackEnterprise.com at http://www.blackenterprise.com/lists/be-100s-2014/. The list is also being socialized on Twitter with hashtag #BE100s.

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In our 42nd Annual Report on Black Business under the theme, "Scale Up Your Business," our editors found scores of be 100s CEOs who have remodeled their companies for opportunity and expansion. In fact, scalability has been the foundation of growth for the five billion-dollar revenue leaders-World Wide Technology Inc., ACT-1 Group, Bridgewater Interiors L.L.C., Modular Assembly Innovations L.L.C., and RLJ McLarty Landers Automotive Holdings L.L.C. – and our 2014 Companies of the year.  

When BLACK ENTERPRISE first compiled its "Top 100" in 1973, combined sales for the 100 component companies totaled $473 million. Results of the 2014 report show that the top 100 African American industrial/service companies-the core of the BE 100s report-collectively grossed more than $21.8 billion in 2013, a $2 billion increase in revenue over the previous year. The BE 100s industrial/service companies employed 56,452 people in 2013. The 60 largest black-owned auto dealers generated $7.9 billion in revenues and employed 9,298 people in 2013.

In addition to the BE 100s listings, the magazine also features profiles of the chief executives of the 2013 BLACK ENTERPRISE Companies of the Year:

Industrial/Service Company of the Year: ChemicoMays L.L.C., Southfield, MI; CEO, Leon C. Richardson. Business: Chemical Management Services

Auto Dealer of the Year: Rodgers Chevrolet Inc., Woodhaven, MI; CEO, Pamela Rodgers. Business: Retail sales for GM

Financial Services Company of the Year: Holland Capital Management, Chicago, IL; CEO: Monica L. Walker. Business: Equity and Fixed Income Investment Management

Advertising Agency of the Year: commonground marketing, Chicago, IL; CEOs, Sherman Wright/Ahmad Islam

"The BE 100s – the nation's largest black businesses – continue to be the standard bearers for all American enterprises, demonstrating that sustained business growth comes when ideation and innovation is wedded to execution and excellence." says BLACK ENTERPRISE Senior VP/Editor-in-Chief Derek T. Dingle. "As such, most exhibit elasticity, capability, technological adaptability and branding power in a seesaw economic recovery and hyper-competitive business environment."

BlackEnterprise.com is the leading website for Money, Small Business and Career development. Providing executive and entrepreneurial resources, information, and profiles on the topics of money management, employment, career and start-up development, BlackEnterprise.com features expert resource articles, original video packages, and blogs, customized to empower its niche audience while consistently providing universal resource-value.

BLACK ENTERPRISE, your ultimate source to build Wealth for Life, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 4 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BE also produces television programming, business and lifestyle events, Web content, and digital media.

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