Twenty-Five Georgia-Based Companies Among the Nation's Top Grossing Black-Owned Businesses

BLACK ENTERPRISE Issues 33rd Annual Report on Black-Owned Businesses

May 24, 2005, 01:00 ET from BLACK ENTERPRISE

    NEW YORK, May 24 /PRNewswire/ -- Twenty-five Georgia-based companies are
 among the nations leading African American-owned businesses, according to the
 BLACK ENTERPRISE 33rd annual B.E.100s report. The listing is recognized as the
 most respected measure of black-owned business performance.  Overall, the
 B.E.100s total 280 businesses, which include 100 industrial/service companies,
 100 auto dealerships, 65 financial service firms and 15 advertising agencies.
     H.J. Russell & Company, No. 13 on the B.E. Industrial/Service 100 list,
 ranks as Georgia's top-grossing African American-owned industrial/service
 company. The construction and real estate development firm reported 2004 sales
 of $304 million.
     The Harrell Companies based in Atlanta ranked No. 5 on the B.E. Auto
 Dealers 100 list and is Georgia's largest African-American-owned auto
 dealership with reported sales of nearly $288 million.
     On the B.E. Advertising Agencies list, Atlanta-based Matlock Advertising
 and Public Relations ranks No. 9 with close to $49 million in billings.
 Anderson Communications, also located in Atlanta, ranked No. 11 with $41.5
 million in billings.
     Citizens Trust Bank ranks No. 5 on the B.E Banks list with almost $331
 million in assets reported for 2004.  EARNEST Partners of Atlanta again ranks
 No. 2 on the B.E. Asset Managers list with nearly $14 billion in assets under
 management.  Atlanta Life Financial Group Inc. landed the No. 3 spot on the
 B.E. Insurance list reporting $76 million in assets for 2004.  Jackson
 Securities L.L.C. retains the No. 7 spot on the BE Investment Banks list
 reporting $36 billion in total managed issues.
     The complete listing, including eligibility requirements and criteria, is
 available in the June issue of BLACK ENTERPRISE on newsstands now.
     For a complete list of all Georgia-based companies ranked in the B.E.100s
 report, please contact Andrew Wadium at (212) 886-9598 or email
     BLACK ENTERPRISE, your ultimate guide to financial empowerment, is the
 premier business and investment resource for African Americans. For 35 years
 BE has provided essential business information and advice to professionals,
 corporate executives, entrepreneurs, and decision makers. The publication
 provides 3.8 million readers with monthly information on entrepreneurship,
 careers, and financial management. As the definitive source of information for
 and about African American business markets and leaders, BE is the authority
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