For the fourth consecutive year, Lopez Negrete Communications has been named to the Inc.500/5000 list, an exclusive ranking of the nation’s fastest-growing private companies. The list provides a comprehensive look at the most important segment of the economy – America’s independent entrepreneurs.
Lopez Negrete Communications, Inc., the nation’s largest, independent, Hispanic owned and operated agency, ranked 4976 on the Inc. list. The agency specializes in Hispanic marketing and is headquartered in Houston, Texas, with offices in Burbank, CA and Phoenix, AZ. The agency was co-founded in 1985 by husband and wife team Alex and Cathy López Negrete. A sampling of clients includes Wal-Mart Stores, Verizon Communications, Bank of America, MillerCoors, NBC Universal Motion Pictures Group, Dr Pepper Snapple Group, and Kraft Foods.
“We are very proud that we have been named to the Inc. 500/5000 list of the fastest growing companies for a fourth consecutive year. Our growth is a direct indication that corporate America has finally understood that marketing to Hispanics in the United States has become an imperative for corporate growth, if not survival. Moreover, it is also an indicator that these companies have embraced approaching this critical consumer segment in a strategic, sensitive and measurable manner,” says Alex López Negrete, CEO, president and chief creative officer of Lopez Negrete Communications.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains at an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year. Lopez Negrete employs more than 200 in their Houston headquarters and Los Angeles offices.
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 at www.inc.com/5000.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2010. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.