Los Angeles, CA, Dec. 1, 2011 (GLOBE NEWSWIRE) -- Los Angeles, CA November, 30th, 2011 - With a three-year sales growth of 44%, Inc. magazine ranked El Clasificado number 3,643 and #52 in its industry on its fifth annual Inc. 500|5000, an exclusive ranking 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 entrepreneurs. Online retailer ideeli tops this year’s list. El Clasificado joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, among other prominent brands featured on this year’s list.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson. In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent.
El Clasificado is an EC Hispanic Media Company that provides a marketplace for Spanish-speaking Latinos in grassroots communities. El Clasificado’s contributions to the community and entrepreneurial spirit have also been recognized by organizations such as the Initiative for a Competitive Inner City (ICIC)- Bloomberg BusinessWeek and by Ernst & Young. Most recently, El Clasificado was included, for the fifth consecutive year, in the Los Angeles Business Journal 100 List of the Fastest Growing Private Companies.
"Even though the print advertising industry is in a downward spiral, we continue to grow by focusing on hyper local advertising and taking advantage of national opportunities left open by competitors vacating the market," said Joe Badame, co-founder and COO of El Clasificado.
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.
Complete results of the Inc. 5000, can be found on www.inc.com/5000.
El Clasificado’s profile and Inc. 5000 ranking can be found at 2011 Inc 5000. El Clasificado has previously earned the 2010 Inc. 5000 in 2007, 2008, 2009 and 2010.
For more information about El Clasificado and stories about its financial success and economic impact in Southern California, please click here
About EC Hispanic Media
EC Hispanic Media is a Los Angeles based company with headquarters in Norwalk, California. Through its different media properties, EC Hispanic media reaches 6 million Hispanics on a monthly basis. The footprint of its flagship product El Clasificado extends from the Central Valley of California to San Diego with a distribution of 470,000. EC Hispanic Media’s distribution system has been awarded Outstanding Circulation Program over the last 10 years by the National Association of Hispanic Publishers. In the last year, the distribution has grown at a neck breaking pace, and has recently expanded into the Fresno and Calexico markets. EC Hispanic media also owns elclasificado.com which generates 7 million monthly page views from over 500,000 unique visitors across the United States. EC Hispanic Media’s events division produces "Quinceañera Expo" which attracts 10,000 attendees annually, and the "Su Socio de Negocios" small business workshop series. Through its national partnerships, EC Hispanic Media counts with a network of partner newspapers in the top ten Hispanic markets and the top 10 emerging Hispanic markets.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) 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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com