WASHINGTON, May 20 Asian-American-biz
WASHINGTON, May 20 /PRNewswire-USNewswire/ -- The US Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) reported that over $4.9 billion in sales were generated by 50 Asian American Businesses in 2007.
The revenues were cumulated at the final ranking of its "50 Fastest-Growing Asian American Businesses," to be officially revealed during the 23rd Anniversary CelebrAsian Business Opportunity Conference '08, on May 27-29 at the Hilton Washington hotel in Washington, DC. A special presentation will take place at the White House on May 28, and at the Excellence Awards Gala Dinner at the Hilton Washington the same evening.
"The continued robust growth of Asian American-owned businesses -- even during tough economic times -- is testament to the enduring quality of Asian Americans who, through innovation, hard work and ingenuity, remain at the forefront as engines of growth in our national economy," said USPAACC-EF National President & CEO Susan Au Allen.
To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51% ownership), among other eligibility criteria. Based on percentage revenue growth over three years, selection was determined through direct applications and nominations. Finalists were independently verified by the accounting and consulting firm of BDO Seidman, LLP.
The annual national conference connects the largest number of Asian American suppliers with buyers from Fortune 500 corporations, the Federal government and small/minority-owned business community. Through pre-scheduled one-on-one matchmaking meetings, participants find new contract opportunities in this time of globalization and outsourcing, procurement trends and ways to enhance competitiveness.
The US Pan Asian American Chamber of Commerce EF (USPAACC-EF) was formed in 1984 as a national, non-profit organization representing all Asian Americans and Asian American-related groups in business. USPAACC-EF promotes, nurtures and propels economic growth by opening doors to contract, educational and professional opportunities for Asian Americans and their business partners in corporate America, the Federal government, and the small and minority business community in the U.S. and Asia.
Headquartered in Washington, DC, USPAACC-EF has a nationwide reach through Regional Chapters in Northern and Southern California, New York, Texas, Illinois, Georgia, and Washington, DC-Maryland-Virginia in the National Capital Area.
SOURCE US Pan Asian American Chamber of Commerce Education Foundation
