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Hispanic firms growing in SC
In Puerto Rico, Stella Colwell and her brother Larry Mercado made extra money while at their aunt's house by making and selling cookies.It was an early lesson in entrepreneurship.
Today, the duo is on the front end of a burgeoning movement in Horry County - indeed, statewide.
They are Hispanic business owners.
"I've always been an entrepreneur," Colwell said.
Back then, their entrepreneurial drive paid off in a cruise and trip to the Bahamas.
Today's payoff is a bit richer. Their Pawleys-Island-based high tech firm, Mercom Corp., earns more than $7 million a year. Colwell is the president and CEO of Mercom and Mercado is the vice president.
They've even made Hispanic Business' directory of the 500 largest Hispanic-owned businesses in the United States.
Isle of Capri Casinos, Inc. Announces Fourth Quarter and Full Year ...
BILOXI, Miss., June 22 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. ISLE today reported financial results for the fourth quarter and fiscal year ended April 30, 2006. For the fourth quarter, the Company reported a 19.3% increase in net revenues to $306.5 million compared to net revenues of $257.0 million for the same quarter in fiscal 2005. Net income for the fourth quarter of fiscal 2006 increased 338% to $15.1 million or $0.48 per diluted common share, compared to $3.5 million or $0.11 per diluted common share for the fourth quarter of fiscal 2005. Included in net income for the quarter ended April 30, 2006, are pre-tax valuation charges of $13.3 million related to the Company's international operations. These charges resulted in a reduction to net income per diluted share of $0.38.Surge on horizon
Mega investors are flocking to The Bahamas and Prime Minister Perry Christie is urging Bahamians to be a part of the predicted economic surge set to hit the nation. Addressing a packed audience at the CEO Network Conference's opening ceremonies yesterday, Mr. Christie said that all Bahamians should have an opportunity to share in the country's economic development."As we grow in our country there is an obligation that we ought to recognise and that obligation is that every single Bahamian is entitled to share in the resources of his or her country," said the prime minister.
He said it was beyond question that the economy of The Bahamas was on a "march and a rise that only a calamitous set of circumstances can interrupt, slow down or stop."
Mr.