African American Business Summit 2006 Names Activist/Developer Danny J. Bakewell Sr. as Chairman

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Danny J. Bakewell Sr., Developer, Businessman, Financier, Community Activist, Humanitarian and owner of the Los Angeles Sentinel Newspaper is named the Chairman of the renowned African American Business Summit 2006 -- P3 Power Passion Profit, June 21-25, at the Hotel Zoso, in Palm Springs, California.

Pat Means, Founder of the African American Business Summit, announced today that Danny J. Bakewell, Sr. has been named Chairman of the Wells Fargo sponsored African American Business Summit 2006 (AABS 2006) themed, P3 Power Passion Profit. Hosted by Turning Point Magazine, The TPC Foundation, Inc. and the African American Chamber of Commerce Palm Springs, this four-day business conference event will be held June 21st - 25th at the Hotel Zoso, 150 South Indian Canyon Road in Palm Springs, California.

P3 Power Passion Profit provides serious how to business building instruction in an environment that restores balance and creativity. The African American Business Summit 2006 has taken this strong direction - removing attendees from the daily grind and enveloping them in an atmosphere that ensures full participation in four days of workshops and sessions, events and introducing this year: P3 Noir - nightly networking events.

"I am so extremely pleased that Danny Bakewell Sr. has consented to serve as the Chairperson of the African American Business Summit 2006," states Pat Means, Founder of the African American Business Summit. "I have long admired him for his business acumen and for his genuine caring for the community. He brings with him a wealth of business knowledge, which once again highlights the importance of entrepreneurs being able to promote, educate, collaborate and be innovative on a world-class scale within the minority business market."

This is the 9th consecutive year of the African American Business Summit. With its strong theme of P3 - Power Passion and Profit, Ms. Means explains why the event is as relevant today as it was 9 years ago. "The African American Business Summit 2006 is important not only to African American entrepreneurs, but to the economy of our country. With African American-owned companies generating almost $100 billion in revenue and accounting for among the highest growth rate in number, it is important that black entrepreneurs receive key and quality business information and relationships which is what we make available at the event each year."

The Los Angeles Times has stated that Danny J. Bakewell, Sr. earned the reputation as "one of the most dynamic leaders in America today". He is owner of the Los Angeles Sentinel Newspaper, one of the oldest and the largest Black-owned newspaper on the West Coast. As Chairman of the Bakewell Company, one of the largest African-American owned development companies in the United States, Bakewell brokers and heads multi-million dollar revitalization efforts in the cities of Los Angeles, Compton, Pasadena and other California communities. Currently, The Bakewell Company is building 380 homes in the city of Seaside on the Monterey Peninsula -- the first major private development on the Fort Ord Army base since its closing.

Among his many accomplishments, he has been at the helm of the Brotherhood Crusade, for the past 30 years, appointed President of Cranston Securities Company, a national Wall Street investment banking firm, making him the highest- ranking African- American in the banking industry; spokesman and co-chair of the historic Million-Man March, sat on the Black Congress, co-founded the National Black United Fund, has been an advisor to the late Los Angeles Mayor Tom Bradley, and to former Governor Gray Davis he also assisted Rev. Jesse Jackson in his bids for president.

He still finds time in humanitarian efforts with many accomplishments including the founder of Sabriya's Castle of Fun Foundation, in memory of his daughter, Sabriya who lost her life to leukemia.

He has been featured on ABC-TV Network's weekly news magazine 20/20, B.E.T., Ebony and Jet. Berry Gordy, Jr., Quincy Jones, Aretha Franklin, and Johnnie Cochran have all discussed him in their autobiographies. Danny J. Bakewell, Sr. resides in Pasadena, California, with his wife, Aline Bakewell, Esq., is the father of three children and grand-father of four.

In addition to being Chairman of the African American Business Summit 2006, Danny J. Bakewell, Sr. and Danny Bakewell Jr. will participate in business workshops for attendees. More than 800 professionals from all over the United States are expected to attend. For registration and additional information regarding the African American Business Summit 2006, please visit our website or call (323) 299-6000.

Media Contact:

Adrienne S. Lamm

PR, Marketing, Media

African American Business Summit 2006

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