nc. Magazine has ranked Lopez Negrete Communications 4,444th on its fourth annual Inc. 5000, up from 4803rd last year, in an exclusive list of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent-minded entrepreneurs. Over a three-year period, Lopez Negrete, one of the largest leading Hispanic communications agencies in the nation, has experienced a revenue growth of 20 percent.
“It is truly an honor to be included in this prestigious list for the third year in a row. The fact that we continue to move up in the rankings is a reflection of our clients’ commitment to us and the market we represent and to the work we do,” says Alex López Negrete, CEO, president and chief creative officer of Lopez Negrete Communications. “We understand the importance of building bridges between Corporate America and the Hispanic community and are always appreciative when our work is recognized by prominent publications such as Inc. Magazine.”
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found on www.inc.com/5000
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, the companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent, not subsidiaries or divisions of other companies, as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc.
) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc.
provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Visit us online at www.inc.com
About Lopez Negrete Communications, Inc.
Lopez Negrete Communications, Inc. is an independent, Hispanic owned and operated full-service agency specializing in Hispanic marketing. Headquartered in Houston, Texas, with a second office in Los Angeles, Calif., the company’s billings for 2009 were estimated at $164 million. Since 1985, Lopez Negrete has offered a full range of advertising, marketing and public relations services to industry leaders, including Walmart Stores, Inc., Bank of America, Georgia-Pacific (Quilted Northern), Kraft Foods (Kraft Singles, Kraft Mayonnaise, Ritz Crackers), MillerCoors (Miller Lite), NBC Universal Motion Pictures Group, Dr Pepper Snapple Group, Tyson Foods, Guerrero Mexican Foods, Azteca Milling L.P., Sonic Drive-Ins, Reliant Energy, and others. With more than 170 employees, Lopez Negrete Communications, Inc. is a proven leader in providing fully integrated national Hispanic marketing and communications services.