Vistage member company Edwards Global Services, Inc. (EGS) was awarded the 2011 Presidential E Award for Exports by U.S. Department of Commerce Secretary Gary Locke at the Departments Headquarters in Washington, D.C. The E Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports. EGS is the first franchise sector service company to receive this national award.
Since our founding in 2001, EGS has been focused on taking U.S. franchise companies global, said Vistage member William Edwards, EGS CEO. People around the world prefer US brands and business systems, which are exported through licensing and franchising. U.S. based food, education and service sector franchises are the leaders globally. More than 1,000 US franchise systems have over 50,000 franchised locations in 100 other countries. It is estimated that U.S. based franchises account for net fee and royalty payments back to the U.S. from foreign operations in excess of US$750,000,000 annually.
EGS, located in Irvine, California, maximizes its Clients Return On Investment, successfully taking them into carefully selected countries using experience living and working around the world, trademarked, proven processes and a global associate network.
Exports are a key driver of America’s economic recovery, said Secretary of Commerce Gary
Locke. President Obamas National Export Initiative (NEI), which aims to double U.S. exports by 2015 in support of several million American jobs, is a robust, forward-looking trade agenda with an emphasis on domestic job growth. Edwards Global Services, Inc. is being honored today for making significant contributions toward fulfilling that agenda.
I congratulate you on your significant export achievement. It is businesses like yours that will help us meet or exceed the Presidents NEI goals. Your firm provides an example we hope more American companies will follow, Locke added. A business client of the Departments U.S. Commercial Service, Edwards Global Services, Inc. has benefited from export counseling, trade shows, trade missions, market research, due diligence reports and business matchmaking to greatly expand its U.S. franchisor client export sales. Edwards Global Services, Inc. demonstrated a substantial increase in the volume of exports over a four-year period, a major criterion for the award.
Edwards further stated that, “the U.S. Commercial Service branch of the U.S. Department of Commerce has been a great help to EGS in finding and evaluating licensees for our U.S. franchisor Clients.”U.S. companies are nominated for the E Awards through the U.S. Commercial Service office network in 108 U.S. cities and more than 75 countries which helps U.S. companies export. Criteria for the award is based on four years of successive export growth, usually accompanied by a rising percentage of export sales within total sales. An applicants demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in making the award.
All nominations are reviewed by the E Award Committee, which is chaired by the Department of Commerce, and includes representatives from ExIm Bank, and the Departments of Labor, State, and Transportation.
President Kennedy revived the World War II “E” symbol of excellence to honor and provide recognition to America’s exporters. Thus, the “E” Award Program was established by
Executive Order 10978 on December 5, 1961. EGS received the E Award at the May 16, 2011 World Trade Week ceremonies in Washington DC.
about Vistage International
Founded in 1957, Vistage International, Inc., headquartered in San Diego, California, is the worlds peer advisory membership organization, serving more than 15,000 business leaders in 15 countries. Vistage members, largely CEOs, participate in chair-led advisory board peer groups, receive one-to-one coaching, learn from expert speakers, and connect online and in person with a global network of business leaders from a broad range of industries. Its renowned Vistage CEO Confidence Index has been tracking CEO confidence and attitudes related to Main Street businesses since 2003.
Leo Bottary Vistage International, Inc.