B usiness

Black Enterprise' s top 10 U.S. asset managers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assests under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Verified by Barge Consulting & the Securities and Exchange Commission. Reviewed by the certified public accounting firm Edwards & Co.
source: Securities and Exchange Commission.
1	1	Ariel Capital Management L.L.C.	Chicago, IL	John W. Rogers, Jr.	1983	88	21,433.000
2	2	Earnest Partners L.L.C.	Atlanta, GA	Paul E. Viera	1998	35	13,934.000
3	3	Rhumbline Advisers	Boston, MA	J. D. Nelson	1990	15	10,307.000
4	4	Brown Capital Management Inc.	Baltimore, MD	Eddie C. Brown	1983	24	5,279.000
5	6	Advent Capital Management L.L.C.	New York, NY	Tracy V. Maitland	1995	40	3,848.000
6	5	MDL Capital Management Inc.	Pittsburgh, PA	Mark D. Lay	1992	32	2,821.000
7	10	Holland Capital Management L.P.	Chicago, IL	Louis A. Holland	1991	24	2,628.000
8	7	NCM Capital Management Group Inc.	Durham, NC	Maceo K. Sloan	1986	25	2,145.000
9	9	The Edgar Lomax Group	Springfield, VA	Randall R. Eley	1986	12	1,962.000
10	8	Smith Graham & Co. Investment Advisors L.P.	Houston, TX	Gerald B. Smith	1990	25	1,958.000

Black Enterprise' s top 10 U.S. private equity companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	capital under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004 Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Fairview Capital Partners Inc.	Farmington, CT	Laurence C. Morse/Jo Ann H. Price	1994	16	1,600.000
2	4	Pharos Capital Group L.L.C.	Dallas, TX	Dale LeFebvre	1998	14	350.000
3	5	SYNCOM	Silver Spring, MD	Herbert P. Wilkins, Sr.	1977	8	250.000
4	3	Smith Whiley & Co.	Hartford, CT	Gwendolyn Smith Iloani	1994	12	222.000
5	6	Quetzal/J.P Morgan Partners	New York, NY	Reginald J. Hollinger/Lauren M. Tyler	2000	4	170.000
6	7	Provender Capital Group L.L.C.	New York, NY	Frederick O. Terrell	1997	5	145.000
7	8	Opportunity Capital Partners	Fremont, CA	J. Peter Thompson	1993	8	135.000
8	9	ICV Capital Partners L.L.C.	New York, NY	Willie Woods	1999	10	130.000
9	10	Black Enterprise Greenwich Street	New York, NY	Ed A. Williams	1998	8	91.000
		Corporate Growth Management L.L.C.
10	—	United Enterprise Fund L.P.	New York, NY	John O. Utendahl/Jeffery Keys/Daniel Dean	2000	5	41.000

Black Enterprise' s top 10 U.S. auto dealers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. Black Enterprise Top 10 Auto
1	1	Prestige Automotive	Detroit, MI	Gregory Jackson	1989	400	1,066.597	Chevrolet, Pontiac, Ford, Saturn, Lincoln-Mercury, Buick, GMC Truck
2	2	March/Hodge Automotive Group	Hartford, CT	Tony March/Ernest M. Hodge	1998	800	558.383	GM, Toyota, Lexus, Honda, Infiniti, Volkswagen, Jaguar, Volvo
3	3	Martin Automotive Group	Bowling Green, KY	Cornelius A. Martin	1985	706	382.445	Cadillac, Dodge, Jeep, Chrysler, Kia
4	4	S. Woods Enterprises Inc.	Tampa, FL	Sanford L. Woods	1989	354	343.556	Dodge, Chrysler, Jeep, Toyota, Lexus, Honda, Hyundai, Chevrolet, Ford, Hummer, Saab
5	5	The Harrell Companies	Atlanta, GA	H. Steve Harrell	1987	412	287.791	Lexus, Nissan, Honda, Volvo, Kia, Hyundai
6	7	Boyland Auto Group	Orlando, FL	Dorian S. Boyland	1987	380	241.630	Dodge, Nissan, Ford, Honda, Mercedes-Benz
7	6	Family Automotive Group	San Juan Capistrano, CA	Raymond Dixon	1993	320	206.518	Ford, Toyota, Honda
8	11	Winston Pittman Enterprise	Louisville, KY	Winston R. Pittman, Sr.	1988	235	167.578	Dodge, Chrysler, Jeep, Toyota, Lexus, Scion, Nissan
9	9	Legacy Automotive Group	McDonough, GA	Emanuel D. Jones	1992	220	162.000	Ford, Toyota, Scion, Mercury
10	10	32 Ford Mercury Inc.	Batavia, OH	Clarence F. Warren	1990	130	161.388	Ford, Lincoln-Mercury

Black Enterprise' s top 10 U.S. advertising companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Billings*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Globalhue	Southfield, MI	Donald A. Coleman	1988	180	400.000
2	2	Carol H. Williams Advertising	Oakland, CA	Carol H. Williams	1986	165	350.000
3	4	UniWorld Group Inc.	New York, NY	Byron E. Lewis	1969	117	220.798
4	3	Burrell	Chicago, IL	Fay Ferguson/McGhee Williams	1971	131	190.000
5	5	Compas Inc.	Cherry Hill, NJ	Stanley R. Woodland	1991	54	170.000
6	6	Muse Communications	Los Angeles, CA	Jo Muse	1995	50	60.000
7	—	Fuse Inc.	St. Louis, MO	Clifford Franklin	1997	22	53.396
8	7	Equals Three Communications Inc.	Bethesda, MD	Eugene M. Faison, Jr.	1984	40	50.000
9	10	Matlock Advertising & Public Relations	Atlanta, GA	Kent Matlock	1986	30	48.700
10	8	Spike DDB	New York, NY	Dana Wade	1997	45	45.000

Black Enterprise' s top 10 U.S. banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Capital*	Deposits*	Loans*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Carver Federal Savings Bank	New York, NY	Deborah C. Wright	1948	137	616.415	56.893	443.316	411.462
2	2	One United Bank	Boston, MA	Kevin Cohee	1982	126	478.590	30.214	329.229	391.430
3	6	Liberty Bank and Trust Company	New Orleans, LA	Alden J. McDonald, Jr.	1972	160	348.175	24.589	293.835	219.999
4	5	Industrial Bank NA	Washington, DC	B. Doyle Mitchell, Jr.	1934	165	333.496	25.816	274.387	157.890
5	3	Citizens Trust Bank	Atlanta, GA	James E. Young	1921	164	330.833	31.025	266.564	261.406
6	7	City National	Newark, NJ	Louis E. Prezeau	1973	96	325.103	20.080	280.863	159.359
7	4	Seaway National Bank	Chicago, IL	Walter E. Grady	1965	250	322.144	30.230	276.476	163.602
8	8	Broadway Federal Bank FSB	Los Angeles, CA	Paul C. Hudson	1947	61	276.067	19.444	197.184	252.518
9	10	The Harbor Bank of Maryland	Baltimore, MD	Joseph Haskins, Jr.	1982	82	234.979	23.029	210.224	172.205
10	9	M&F Bank	Durham, NC	Lee Johnson, Jr.	1907	97	230.541	20.340	189.059	170.779

Black Enterprise' s top U.S. insurance companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Insurance in force*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	North Carolina Mutual Life Insurance Co.	Durham, NC	James H. Speed, Jr.	1898	147	161.207	14,372.304
2	2	Golden State Mutual Life Insurance Co.	Los Angeles, CA	Larkin Teasley	1925	250	112.836	2,842.000
3	3	Atlanta Life Financial Group	Atlanta, GA	Ronald D. Brown	1905	30	76.389	11,809.837
4	4	Booker T. Washington Insurance Co.	Birmingham, AL	Walter Howlett, Jr.	1931	85	56.209	1,382.784
5	—	Williams-Progressive Life &Accident Insurance Co.	Opelousas, LA	Patrick Fontenot	1947	44	10.366	35.158

Black Enterprise' s top 10 U.S. investment banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Total managed issues*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	The Williams Capital Group L.P.	New York, NY	Christopher J. Williams	1994	58	122.318
2	2	Blaylock & Partners L.P.	New York, NY	Ronald E. Blaylock	1993	70	109.329
3	3	Loop Capital Markets L.L.P.	Chicago, IL	James Reynolds, Jr.	1997	80	83.753
4	5	Utendahl Capital Partners L.P.	New York, NY	John Oscar Utendahl	1992	29	29.299
5	4	Siebert Brandford Shank & Co. L.L.C.	Oakland, CA	Suzanne Shank	1996	45	50.957
6	6	M. R. Beal & Co.	New York, NY	Bernard B. Beal	1988	35	45.325
7	7	Jackson Securities L.L.C.	Atlanta, GA	Reuben R. McDaniel III	1987	30	36.425
8	9	SBK-Brooks Investment Corp.	Cleveland, OH	Eric L. Small	1993	20	14.500
9	10	Rice Financial Products Co.	New York, NY	J. Donald Rice, Jr.	1987	26	12.388
10	—	Powell Capital Markets Inc.	Roseland, NJ	Arthur F. Powell	1990	5	2.982

Black Enterprise' s top 10 U.S. industrial/service companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. (1) Publicly traded company. Majority ownership of voting class stock is held by African Americans.
1	1	World Wide Technology Inc.	St. Louis, MO	David Steward	1990	620	1,400.00	IT systems integrator, supply chain services of IT products
2	2	CAMAC International Inc.	Houston, TX	Kase Lawal	1986	1,300	987.000	Crude oil and gas exploration, production, and trading
3	22	Bridgewater Interiors L.L.C.	Detroit, MI	Ronald E. Hall	1998	1,100	645.309	Car seat and overhead systems manufacturer
4	3	Act-1 Group	Torrance, CA	Janice Bryant Howroyd	1978	300	622,729	Staffing and professional services
5	4	Johnson Publishing Co.	Chicago, IL	Linda Johnson Rice/John H. Johnson	1942	1,699	498.224	Publishing, TV productions, and cosmetics
6	5	The Philadelphia Coca-Cola Bottling Co.	Philadelphia, PA	L. Bruce Llewellyn	1985	1,900	450.000	Bottling and distributing soft drinks
7	10	Converge	Peabody, MA	Dale LeFebvre/Frank Cavallaro	2002	283	390.000	Distributor of semiconductors and computer products
8	6	Barden Cos. Inc.	Detroit, MI	Don H. Barden	1981	4,055	372.000	Casino gaming, real estate development, and international trade
8	7	The Bing Group	Detroit, MI	Dave Bing	1980	1,414	372.000	Steel processing, steel stamping, full seat assembly, mirror assembly
10	8	Radio One Inc.¹	Lanham, MD	Alfred C. Liggins III	1980	1,750	363.982	Radio broadcasting and other media businesses

B usiness

Black Enterprise' s top 10 U.S. asset managers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assests under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Verified by Barge Consulting & the Securities and Exchange Commission. Reviewed by the certified public accounting firm Edwards & Co.
source: Securities and Exchange Commission.
1	1	Ariel Capital Management L.L.C.	Chicago, IL	John W. Rogers, Jr.	1983	88	21,433.000
2	2	Earnest Partners L.L.C.	Atlanta, GA	Paul E. Viera	1998	35	13,934.000
3	3	Rhumbline Advisers	Boston, MA	J. D. Nelson	1990	15	10,307.000
4	4	Brown Capital Management Inc.	Baltimore, MD	Eddie C. Brown	1983	24	5,279.000
5	6	Advent Capital Management L.L.C.	New York, NY	Tracy V. Maitland	1995	40	3,848.000
6	5	MDL Capital Management Inc.	Pittsburgh, PA	Mark D. Lay	1992	32	2,821.000
7	10	Holland Capital Management L.P.	Chicago, IL	Louis A. Holland	1991	24	2,628.000
8	7	NCM Capital Management Group Inc.	Durham, NC	Maceo K. Sloan	1986	25	2,145.000
9	9	The Edgar Lomax Group	Springfield, VA	Randall R. Eley	1986	12	1,962.000
10	8	Smith Graham & Co. Investment Advisors L.P.	Houston, TX	Gerald B. Smith	1990	25	1,958.000

Black Enterprise' s top 10 U.S. private equity companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	capital under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004 Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Fairview Capital Partners Inc.	Farmington, CT	Laurence C. Morse/Jo Ann H. Price	1994	16	1,600.000
2	4	Pharos Capital Group L.L.C.	Dallas, TX	Dale LeFebvre	1998	14	350.000
3	5	SYNCOM	Silver Spring, MD	Herbert P. Wilkins, Sr.	1977	8	250.000
4	3	Smith Whiley & Co.	Hartford, CT	Gwendolyn Smith Iloani	1994	12	222.000
5	6	Quetzal/J.P Morgan Partners	New York, NY	Reginald J. Hollinger/Lauren M. Tyler	2000	4	170.000
6	7	Provender Capital Group L.L.C.	New York, NY	Frederick O. Terrell	1997	5	145.000
7	8	Opportunity Capital Partners	Fremont, CA	J. Peter Thompson	1993	8	135.000
8	9	ICV Capital Partners L.L.C.	New York, NY	Willie Woods	1999	10	130.000
9	10	Black Enterprise Greenwich Street	New York, NY	Ed A. Williams	1998	8	91.000
		Corporate Growth Management L.L.C.
10	—	United Enterprise Fund L.P.	New York, NY	John O. Utendahl/Jeffery Keys/Daniel Dean	2000	5	41.000

Black Enterprise' s top 10 U.S. auto dealers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. Black Enterprise Top 10 Auto
1	1	Prestige Automotive	Detroit, MI	Gregory Jackson	1989	400	1,066.597	Chevrolet, Pontiac, Ford, Saturn, Lincoln-Mercury, Buick, GMC Truck
2	2	March/Hodge Automotive Group	Hartford, CT	Tony March/Ernest M. Hodge	1998	800	558.383	GM, Toyota, Lexus, Honda, Infiniti, Volkswagen, Jaguar, Volvo
3	3	Martin Automotive Group	Bowling Green, KY	Cornelius A. Martin	1985	706	382.445	Cadillac, Dodge, Jeep, Chrysler, Kia
4	4	S. Woods Enterprises Inc.	Tampa, FL	Sanford L. Woods	1989	354	343.556	Dodge, Chrysler, Jeep, Toyota, Lexus, Honda, Hyundai, Chevrolet, Ford, Hummer, Saab
5	5	The Harrell Companies	Atlanta, GA	H. Steve Harrell	1987	412	287.791	Lexus, Nissan, Honda, Volvo, Kia, Hyundai
6	7	Boyland Auto Group	Orlando, FL	Dorian S. Boyland	1987	380	241.630	Dodge, Nissan, Ford, Honda, Mercedes-Benz
7	6	Family Automotive Group	San Juan Capistrano, CA	Raymond Dixon	1993	320	206.518	Ford, Toyota, Honda
8	11	Winston Pittman Enterprise	Louisville, KY	Winston R. Pittman, Sr.	1988	235	167.578	Dodge, Chrysler, Jeep, Toyota, Lexus, Scion, Nissan
9	9	Legacy Automotive Group	McDonough, GA	Emanuel D. Jones	1992	220	162.000	Ford, Toyota, Scion, Mercury
10	10	32 Ford Mercury Inc.	Batavia, OH	Clarence F. Warren	1990	130	161.388	Ford, Lincoln-Mercury

Black Enterprise' s top 10 U.S. advertising companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Billings*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Globalhue	Southfield, MI	Donald A. Coleman	1988	180	400.000
2	2	Carol H. Williams Advertising	Oakland, CA	Carol H. Williams	1986	165	350.000
3	4	UniWorld Group Inc.	New York, NY	Byron E. Lewis	1969	117	220.798
4	3	Burrell	Chicago, IL	Fay Ferguson/McGhee Williams	1971	131	190.000
5	5	Compas Inc.	Cherry Hill, NJ	Stanley R. Woodland	1991	54	170.000
6	6	Muse Communications	Los Angeles, CA	Jo Muse	1995	50	60.000
7	—	Fuse Inc.	St. Louis, MO	Clifford Franklin	1997	22	53.396
8	7	Equals Three Communications Inc.	Bethesda, MD	Eugene M. Faison, Jr.	1984	40	50.000
9	10	Matlock Advertising & Public Relations	Atlanta, GA	Kent Matlock	1986	30	48.700
10	8	Spike DDB	New York, NY	Dana Wade	1997	45	45.000

Black Enterprise' s top 10 U.S. banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Capital*	Deposits*	Loans*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Carver Federal Savings Bank	New York, NY	Deborah C. Wright	1948	137	616.415	56.893	443.316	411.462
2	2	One United Bank	Boston, MA	Kevin Cohee	1982	126	478.590	30.214	329.229	391.430
3	6	Liberty Bank and Trust Company	New Orleans, LA	Alden J. McDonald, Jr.	1972	160	348.175	24.589	293.835	219.999
4	5	Industrial Bank NA	Washington, DC	B. Doyle Mitchell, Jr.	1934	165	333.496	25.816	274.387	157.890
5	3	Citizens Trust Bank	Atlanta, GA	James E. Young	1921	164	330.833	31.025	266.564	261.406
6	7	City National	Newark, NJ	Louis E. Prezeau	1973	96	325.103	20.080	280.863	159.359
7	4	Seaway National Bank	Chicago, IL	Walter E. Grady	1965	250	322.144	30.230	276.476	163.602
8	8	Broadway Federal Bank FSB	Los Angeles, CA	Paul C. Hudson	1947	61	276.067	19.444	197.184	252.518
9	10	The Harbor Bank of Maryland	Baltimore, MD	Joseph Haskins, Jr.	1982	82	234.979	23.029	210.224	172.205
10	9	M&F Bank	Durham, NC	Lee Johnson, Jr.	1907	97	230.541	20.340	189.059	170.779

Black Enterprise' s top U.S. insurance companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Insurance in force*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	North Carolina Mutual Life Insurance Co.	Durham, NC	James H. Speed, Jr.	1898	147	161.207	14,372.304
2	2	Golden State Mutual Life Insurance Co.	Los Angeles, CA	Larkin Teasley	1925	250	112.836	2,842.000
3	3	Atlanta Life Financial Group	Atlanta, GA	Ronald D. Brown	1905	30	76.389	11,809.837
4	4	Booker T. Washington Insurance Co.	Birmingham, AL	Walter Howlett, Jr.	1931	85	56.209	1,382.784
5	—	Williams-Progressive Life &Accident Insurance Co.	Opelousas, LA	Patrick Fontenot	1947	44	10.366	35.158

Black Enterprise' s top 10 U.S. investment banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Total managed issues*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	The Williams Capital Group L.P.	New York, NY	Christopher J. Williams	1994	58	122.318
2	2	Blaylock & Partners L.P.	New York, NY	Ronald E. Blaylock	1993	70	109.329
3	3	Loop Capital Markets L.L.P.	Chicago, IL	James Reynolds, Jr.	1997	80	83.753
4	5	Utendahl Capital Partners L.P.	New York, NY	John Oscar Utendahl	1992	29	29.299
5	4	Siebert Brandford Shank & Co. L.L.C.	Oakland, CA	Suzanne Shank	1996	45	50.957
6	6	M. R. Beal & Co.	New York, NY	Bernard B. Beal	1988	35	45.325
7	7	Jackson Securities L.L.C.	Atlanta, GA	Reuben R. McDaniel III	1987	30	36.425
8	9	SBK-Brooks Investment Corp.	Cleveland, OH	Eric L. Small	1993	20	14.500
9	10	Rice Financial Products Co.	New York, NY	J. Donald Rice, Jr.	1987	26	12.388
10	—	Powell Capital Markets Inc.	Roseland, NJ	Arthur F. Powell	1990	5	2.982

Black Enterprise' s top 10 U.S. industrial/service companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. (1) Publicly traded company. Majority ownership of voting class stock is held by African Americans.
1	1	World Wide Technology Inc.	St. Louis, MO	David Steward	1990	620	1,400.00	IT systems integrator, supply chain services of IT products
2	2	CAMAC International Inc.	Houston, TX	Kase Lawal	1986	1,300	987.000	Crude oil and gas exploration, production, and trading
3	22	Bridgewater Interiors L.L.C.	Detroit, MI	Ronald E. Hall	1998	1,100	645.309	Car seat and overhead systems manufacturer
4	3	Act-1 Group	Torrance, CA	Janice Bryant Howroyd	1978	300	622,729	Staffing and professional services
5	4	Johnson Publishing Co.	Chicago, IL	Linda Johnson Rice/John H. Johnson	1942	1,699	498.224	Publishing, TV productions, and cosmetics
6	5	The Philadelphia Coca-Cola Bottling Co.	Philadelphia, PA	L. Bruce Llewellyn	1985	1,900	450.000	Bottling and distributing soft drinks
7	10	Converge	Peabody, MA	Dale LeFebvre/Frank Cavallaro	2002	283	390.000	Distributor of semiconductors and computer products
8	6	Barden Cos. Inc.	Detroit, MI	Don H. Barden	1981	4,055	372.000	Casino gaming, real estate development, and international trade
8	7	The Bing Group	Detroit, MI	Dave Bing	1980	1,414	372.000	Steel processing, steel stamping, full seat assembly, mirror assembly
10	8	Radio One Inc.¹	Lanham, MD	Alfred C. Liggins III	1980	1,750	363.982	Radio broadcasting and other media businesses

Top African-American Owned Businesses in the United States

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B usiness

Black Enterprise' s top 10 U.S. asset managers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assests under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Verified by Barge Consulting & the Securities and Exchange Commission. Reviewed by the certified public accounting firm Edwards & Co.
source: Securities and Exchange Commission.
1	1	Ariel Capital Management L.L.C.	Chicago, IL	John W. Rogers, Jr.	1983	88	21,433.000
2	2	Earnest Partners L.L.C.	Atlanta, GA	Paul E. Viera	1998	35	13,934.000
3	3	Rhumbline Advisers	Boston, MA	J. D. Nelson	1990	15	10,307.000
4	4	Brown Capital Management Inc.	Baltimore, MD	Eddie C. Brown	1983	24	5,279.000
5	6	Advent Capital Management L.L.C.	New York, NY	Tracy V. Maitland	1995	40	3,848.000
6	5	MDL Capital Management Inc.	Pittsburgh, PA	Mark D. Lay	1992	32	2,821.000
7	10	Holland Capital Management L.P.	Chicago, IL	Louis A. Holland	1991	24	2,628.000
8	7	NCM Capital Management Group Inc.	Durham, NC	Maceo K. Sloan	1986	25	2,145.000
9	9	The Edgar Lomax Group	Springfield, VA	Randall R. Eley	1986	12	1,962.000
10	8	Smith Graham & Co. Investment Advisors L.P.	Houston, TX	Gerald B. Smith	1990	25	1,958.000

Black Enterprise' s top 10 U.S. private equity companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	capital under management*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004 Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Fairview Capital Partners Inc.	Farmington, CT	Laurence C. Morse/Jo Ann H. Price	1994	16	1,600.000
2	4	Pharos Capital Group L.L.C.	Dallas, TX	Dale LeFebvre	1998	14	350.000
3	5	SYNCOM	Silver Spring, MD	Herbert P. Wilkins, Sr.	1977	8	250.000
4	3	Smith Whiley & Co.	Hartford, CT	Gwendolyn Smith Iloani	1994	12	222.000
5	6	Quetzal/J.P Morgan Partners	New York, NY	Reginald J. Hollinger/Lauren M. Tyler	2000	4	170.000
6	7	Provender Capital Group L.L.C.	New York, NY	Frederick O. Terrell	1997	5	145.000
7	8	Opportunity Capital Partners	Fremont, CA	J. Peter Thompson	1993	8	135.000
8	9	ICV Capital Partners L.L.C.	New York, NY	Willie Woods	1999	10	130.000
9	10	Black Enterprise Greenwich Street	New York, NY	Ed A. Williams	1998	8	91.000
		Corporate Growth Management L.L.C.
10	—	United Enterprise Fund L.P.	New York, NY	John O. Utendahl/Jeffery Keys/Daniel Dean	2000	5	41.000

Black Enterprise' s top 10 U.S. auto dealers, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. Black Enterprise Top 10 Auto
1	1	Prestige Automotive	Detroit, MI	Gregory Jackson	1989	400	1,066.597	Chevrolet, Pontiac, Ford, Saturn, Lincoln-Mercury, Buick, GMC Truck
2	2	March/Hodge Automotive Group	Hartford, CT	Tony March/Ernest M. Hodge	1998	800	558.383	GM, Toyota, Lexus, Honda, Infiniti, Volkswagen, Jaguar, Volvo
3	3	Martin Automotive Group	Bowling Green, KY	Cornelius A. Martin	1985	706	382.445	Cadillac, Dodge, Jeep, Chrysler, Kia
4	4	S. Woods Enterprises Inc.	Tampa, FL	Sanford L. Woods	1989	354	343.556	Dodge, Chrysler, Jeep, Toyota, Lexus, Honda, Hyundai, Chevrolet, Ford, Hummer, Saab
5	5	The Harrell Companies	Atlanta, GA	H. Steve Harrell	1987	412	287.791	Lexus, Nissan, Honda, Volvo, Kia, Hyundai
6	7	Boyland Auto Group	Orlando, FL	Dorian S. Boyland	1987	380	241.630	Dodge, Nissan, Ford, Honda, Mercedes-Benz
7	6	Family Automotive Group	San Juan Capistrano, CA	Raymond Dixon	1993	320	206.518	Ford, Toyota, Honda
8	11	Winston Pittman Enterprise	Louisville, KY	Winston R. Pittman, Sr.	1988	235	167.578	Dodge, Chrysler, Jeep, Toyota, Lexus, Scion, Nissan
9	9	Legacy Automotive Group	McDonough, GA	Emanuel D. Jones	1992	220	162.000	Ford, Toyota, Scion, Mercury
10	10	32 Ford Mercury Inc.	Batavia, OH	Clarence F. Warren	1990	130	161.388	Ford, Lincoln-Mercury

Black Enterprise' s top 10 U.S. advertising companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Billings*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Globalhue	Southfield, MI	Donald A. Coleman	1988	180	400.000
2	2	Carol H. Williams Advertising	Oakland, CA	Carol H. Williams	1986	165	350.000
3	4	UniWorld Group Inc.	New York, NY	Byron E. Lewis	1969	117	220.798
4	3	Burrell	Chicago, IL	Fay Ferguson/McGhee Williams	1971	131	190.000
5	5	Compas Inc.	Cherry Hill, NJ	Stanley R. Woodland	1991	54	170.000
6	6	Muse Communications	Los Angeles, CA	Jo Muse	1995	50	60.000
7	—	Fuse Inc.	St. Louis, MO	Clifford Franklin	1997	22	53.396
8	7	Equals Three Communications Inc.	Bethesda, MD	Eugene M. Faison, Jr.	1984	40	50.000
9	10	Matlock Advertising & Public Relations	Atlanta, GA	Kent Matlock	1986	30	48.700
10	8	Spike DDB	New York, NY	Dana Wade	1997	45	45.000

Black Enterprise' s top 10 U.S. banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Capital*	Deposits*	Loans*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	Carver Federal Savings Bank	New York, NY	Deborah C. Wright	1948	137	616.415	56.893	443.316	411.462
2	2	One United Bank	Boston, MA	Kevin Cohee	1982	126	478.590	30.214	329.229	391.430
3	6	Liberty Bank and Trust Company	New Orleans, LA	Alden J. McDonald, Jr.	1972	160	348.175	24.589	293.835	219.999
4	5	Industrial Bank NA	Washington, DC	B. Doyle Mitchell, Jr.	1934	165	333.496	25.816	274.387	157.890
5	3	Citizens Trust Bank	Atlanta, GA	James E. Young	1921	164	330.833	31.025	266.564	261.406
6	7	City National	Newark, NJ	Louis E. Prezeau	1973	96	325.103	20.080	280.863	159.359
7	4	Seaway National Bank	Chicago, IL	Walter E. Grady	1965	250	322.144	30.230	276.476	163.602
8	8	Broadway Federal Bank FSB	Los Angeles, CA	Paul C. Hudson	1947	61	276.067	19.444	197.184	252.518
9	10	The Harbor Bank of Maryland	Baltimore, MD	Joseph Haskins, Jr.	1982	82	234.979	23.029	210.224	172.205
10	9	M&F Bank	Durham, NC	Lee Johnson, Jr.	1907	97	230.541	20.340	189.059	170.779

Black Enterprise' s top U.S. insurance companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Assets*	Insurance in force*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	North Carolina Mutual Life Insurance Co.	Durham, NC	James H. Speed, Jr.	1898	147	161.207	14,372.304
2	2	Golden State Mutual Life Insurance Co.	Los Angeles, CA	Larkin Teasley	1925	250	112.836	2,842.000
3	3	Atlanta Life Financial Group	Atlanta, GA	Ronald D. Brown	1905	30	76.389	11,809.837
4	4	Booker T. Washington Insurance Co.	Birmingham, AL	Walter Howlett, Jr.	1931	85	56.209	1,382.784
5	—	Williams-Progressive Life &Accident Insurance Co.	Opelousas, LA	Patrick Fontenot	1947	44	10.366	35.158

Black Enterprise' s top 10 U.S. investment banks, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Total managed issues*
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co.
1	1	The Williams Capital Group L.P.	New York, NY	Christopher J. Williams	1994	58	122.318
2	2	Blaylock & Partners L.P.	New York, NY	Ronald E. Blaylock	1993	70	109.329
3	3	Loop Capital Markets L.L.P.	Chicago, IL	James Reynolds, Jr.	1997	80	83.753
4	5	Utendahl Capital Partners L.P.	New York, NY	John Oscar Utendahl	1992	29	29.299
5	4	Siebert Brandford Shank & Co. L.L.C.	Oakland, CA	Suzanne Shank	1996	45	50.957
6	6	M. R. Beal & Co.	New York, NY	Bernard B. Beal	1988	35	45.325
7	7	Jackson Securities L.L.C.	Atlanta, GA	Reuben R. McDaniel III	1987	30	36.425
8	9	SBK-Brooks Investment Corp.	Cleveland, OH	Eric L. Small	1993	20	14.500
9	10	Rice Financial Products Co.	New York, NY	J. Donald Rice, Jr.	1987	26	12.388
10	—	Powell Capital Markets Inc.	Roseland, NJ	Arthur F. Powell	1990	5	2.982

Black Enterprise' s top 10 U.S. industrial/service companies, 2005
2005	2004	Company name	Location	Chief Executive	Began	Staff	Sales*	Type of business
* In Millions of Dollars to the nearest thousand. As of Dec. 31, 2004. Prepared by B.E. Research. Reviewed by the certified public accounting firm Edwards & Co. (1) Publicly traded company. Majority ownership of voting class stock is held by African Americans.
1	1	World Wide Technology Inc.	St. Louis, MO	David Steward	1990	620	1,400.00	IT systems integrator, supply chain services of IT products
2	2	CAMAC International Inc.	Houston, TX	Kase Lawal	1986	1,300	987.000	Crude oil and gas exploration, production, and trading
3	22	Bridgewater Interiors L.L.C.	Detroit, MI	Ronald E. Hall	1998	1,100	645.309	Car seat and overhead systems manufacturer
4	3	Act-1 Group	Torrance, CA	Janice Bryant Howroyd	1978	300	622,729	Staffing and professional services
5	4	Johnson Publishing Co.	Chicago, IL	Linda Johnson Rice/John H. Johnson	1942	1,699	498.224	Publishing, TV productions, and cosmetics
6	5	The Philadelphia Coca-Cola Bottling Co.	Philadelphia, PA	L. Bruce Llewellyn	1985	1,900	450.000	Bottling and distributing soft drinks
7	10	Converge	Peabody, MA	Dale LeFebvre/Frank Cavallaro	2002	283	390.000	Distributor of semiconductors and computer products
8	6	Barden Cos. Inc.	Detroit, MI	Don H. Barden	1981	4,055	372.000	Casino gaming, real estate development, and international trade
8	7	The Bing Group	Detroit, MI	Dave Bing	1980	1,414	372.000	Steel processing, steel stamping, full seat assembly, mirror assembly
10	8	Radio One Inc.¹	Lanham, MD	Alfred C. Liggins III	1980	1,750	363.982	Radio broadcasting and other media businesses

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