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Top 50 Corporations for Multicultural Business Opportunities
Southport, CT, March 20, 2007/ DiversityBusiness.com today announced the “Top Organizations for Multicultural Business Opportunities”. Over 500,000 diversity business owners had to opportunity to participate in an online election to determine the “Top” organizations.. 

The 7th annual list was produced by DiversityBusiness.com, the nation's leading multicultural B2B online website. The voting business owners based their decisions on such factors as the volume, consistency and quality of business opportunities granted to women and minority-owned companies. Large companies at the top of the list includes AT&T, Coca Cola, Bank of America, Dell, Toyota, Procter & Gamble and Wal-Mart.

Top Honors for Top Corporations
While other awards and “Top” lists crown companies for overall economic growth, returns to shareholders and similar metrics, the Div50 is an indicator of which organizations provide the best and the most business for diversity-owned companies. In a marketplace that is increasingly as sensitive to diversity as it is to revenues, recognizing the top buyers of multicultural products and services is becoming a natural part of the new socioeconomic food chain. “Those organizations that buy the most products and services, most consistently, from diversity businesses, and that sustain the most mutually beneficial business relationships with their multicultural suppliers, should be recognized not only by the business owners but also by the general public,” said Kenton Clarke, CEO of DiversityBusiness.com.

The Business Power of Diversity
As minorities gain more buying power and their lifestyles become more affluent, multicultural markets are growing in economic muscle. This in turn attracts more corporations, as they compete for market share in minority communities. The Div50 list has become, by virtue of association, a consumer guide of sorts for women and minority consumers. “As a diversity business owner, I appreciate the business we receive from corporate buyers; and in turn, when I buy products and services, either as a company or as a private individual, I am much more likely to buy from the same companies that are supporting my business, or that I know are supporting businesses like mine,” said Peter Clarke, owner of Advanced Cleaning Concepts headquartered in Bridgeport, CT.

The list is circulated to over 1,000 organizations that distribute it to their members and associates; it thus reaches millions of consumers every year. In 7 short years, it has become a highly valued metric of corporate excellence in the diversity space.

The Div50
The Div50 is a listing of the top 50 corporate and organizational buyers of diversity products and services throughout the country. It represents the voices of over 500,000 diversity-owned (women, Blacks, Hispanics, Asians, Native Indian and other minority groups) businesses in the U.S., in sectors such as technology, manufacturing, food service and professional services. The Div50 is produced annually by DiversityBusiness.com, the nation's leading multicultural B2B internet website that links large organizational buyers to multicultural product and service suppliers.

Over 500,000 women and minority owned businesses had the opportunity to vote in the 2006 online election. The winning companies will be honored at a special awards ceremony at DiversityBusiness.com’s 7th Annual Multicultural Business Conference, taking place April 11 - 13, 2007 at the Mirage in Las Vegas.

A complete list of the winners is available at: www.diversitybusiness.com

About DiversityBusiness.com
Launched in 1999, DiversityBusiness.com with over 32,000 members is the largest organization of diversity-owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies and colleges and universities. The site has gained national recognition and has won numerous awards for its content and design. It is a membership-based exchange platform that facilitates contacts and communication, streamlines business processes and provides vital business news and information.

Press Contact: Odetta Rogers, Director of Communications, DiversityBusiness.com

Source: DiversityBusiness.com

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