Island Systems & Design Awarded Hispanic Business 500

Island Systems & Design—an Orlando, Fla.-based multimedia A/V solutions firm—was named to Hispanic Business 500 list of the nation’s largest Hispanic-owned 8/18/2003 8:00 AM Eastern

Island Systems & Design—an Orlando, Fla.-based multimediaA/V solutions firm—was named to Hispanic Business 500 list of thenation’s largest Hispanic-owned companies for the fifthconsecutive year.

“As a member of the fastest-growing population and thefastest-growing business owner demographic in the United States, makingthis prestigious list becomes more difficult each year,” saidIsland Systems & Design CEO Carlos Gonzalez. “This shows thateven a small, family-owned and operated business can succeed andcontinue to grow when committed to excellence.”

The award is presented to businesses with annual revenues rangingfrom $5 million to $1.48 billion. Total revenues for all HispanicBusiness 500 honorees reached $23.1 billion for 2002. The award issponsored by Hispanic Business magazine. Companies included inthe Hispanic Business 500 must show at least 51% ownership by U.S.Hispanic citizens and must be headquartered in the U.S. Companies mustsubmit revenue figures based on their report to the IRS on line 1c ofthe corporate/partnership tax return.

"It is nothing short of remarkable that the companies on this year'sHispanic Business 500 collectively posted 2002 revenues in excess of$23 billion," commented Hispanic Business Inc. founder andpublisher Jesús Chavarría. "The fact that so manyHispanic-owned firms managed to prosper despite what has been by allaccounts a challenging economic environment speaks to the vitality anddynamism of the U.S. Hispanic economy."

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