GROWTH-FOCUSED WOMEN ENTREPRENEURS OVERCOME CHALLENGING ECONOMY TO REACH MILLION DOLLAR GOAL Make Mine a Million $ Business RACE Inspires Thousands of Women to Challenge Themselves to Grow Their Businesses and Help Boost Nation's Economy NEW YORK, July 01, 2009 -- Make Mine a Million $ Business (M3), the only national initiative committed to helping post start-up women entrepreneurs grow million-dollar firms, today announced the names of 27 program participants who, despite the turbulent economy, were able to grow their ventures past the $1 million revenue level in 2008. There are more than 10 million women-owned businesses in the United States, yet only 2.6%, or 242,000, report more than $1 million in revenue, with the majority generating revenues below $50,000. Make Mine a Million $ Business, a program of Count Me In for Women's Economic Independence, the leading national not-for-profit provider of business resources and community support for women entrepreneurs, and founding partner American Express OPENŽ, is helping to inspire thousands of women to survive and even thrive during the recession. "Building a million-dollar business is an extraordinary achievement in its own right, and it is even more impressive when you can accomplish it during the worst economy in two generations," said Nell Merlino, founder and president of Count Me In. "These 27 gutsy and determined women seize opportunity when others see only challenges. Together, the Make Mine a Million $ Business community is doing its part to make sure women business owners are moving ahead and can lead the United States out of this recession." Since program inception in 2005, M3 has provided 175 women business owners with a formula of money, marketing and mentoring resources that can offer a game-changing impact to their businesses. These women are not only helping to narrow a gap in the US economy, but they are doing their part to stimulate the economy by creating jobs nationwide. On average, women hire three to six people when they grow to $1 million in revenue. "The success of this program's front-running women embodies the spirit and resolve of our country's women entrepreneurs to persevere in the face of adversity," said Susan Sobbott, president, American Express OPEN. "Eighty-eight percent of women business owners say that managing through the current economy has made them a better business owner and are more likely to have a positive outlook on business over the next six months, according to the American Express OPEN Small Business Monitor." To help accelerate the impact women entrepreneurs will have on our nation's struggling economy, Count Me In and American Express OPEN have launched the Make Mine a Million $ Business RACE (M3 RACE) -- a year-long business growth marathon bringing together thousands of women entrepreneurs to network online and compete in a race to grow their businesses and create jobs. Women who want to grow their businesses can join the M3 RACE by logging on to www.makemineamillion.org. Registration will remain open until September 30, 2009. The M3 RACE ends on midnight, December 31, 2009 and winners will be announced in February 2010. The 2008 Make Mine a Million $ Businesses Tammy Adler of QWANtify, Inc. Maribel Araujo of Caracas Restaurant Colleen Bonniol of MODE Studios, Inc. Maureen Borzacchiello of Creative Display Solutions, Inc. Leah Brown of Aten Solutions, Inc. (A10) Amelia Case of Universal Health Institute Amelia Ceja of Ceja Vineyards Theresa Daytner of Daytner Construction Group Claire Evans of amaZulu, Inc. Allison Evanow of Square One Organic Spirits, LLC. Molly Fuller of Hands On Gourmet, LLC Theresa Hinton of Comprehensive Consulting Debra Johnson, of Eco-Edge, LLC Virginia Jones of Kinetic Electric Group LLC. Fiona Macaulay of Making Cents International, Inc. Tamara Mangum-Thomas of Sharpened Image, Inc. Bonnie Marcus of Bonnie Marcus & Co., a Westport, CT-based invitation and greeting card company specializing in chic, stylish greeting cards and invitations Kimberly Martinez and Lisa Harrington of Bonitas International LLC Suzanne Miller of SPM Communications Garnett Newcombe of Human Potential Consultants, L.L.C. Elizabeth Perelstein of School Choice International Inc. Cynthia Rubio of Radiant RFID Gina Stern of d_parture spa Dawn Stokes of Texas Driving Experience Sandi Webster and Peggy McHale of Consultants 2 Go, LLC Susan Wilson of The Judgment Group Kris Wittenberg of SayNoMore! Promotions About Count Me In About American Express OPENŽ American Express Company www.americanexpress.com is a leading global payments, network and travel company founded in 1850. Contacts: Rosa Alfonso 212.640.1712 Rosa.M.Alfonso@aexp.com |