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Partsearch Technologies CEO Glenn Laumeister Named Ernst & Young Entrepreneur Of The Year 2007 Finalist in the Metro New York Area



06/21/2007 - Partsearch Technologies, a leading provider of replacement parts management solutions, today announced that Glenn Laumeister, Chairman and CEO of Partsearch, is a finalist for the Ernst & Young Entrepreneur Of The Year 2007 Award in the Metro New York Area. According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses.

Partsearch Technologies, which was founded in 2001 and has grown to be the leading parts platform for consumer durable goods, leverages content, parts expertise and technology to provide comprehensive B2C and B2B parts solutions to major retailers, service companies, manufacturers and consumers. With an industry-leading Master Parts Catalog of over 8 million parts and a parts- specific virtual supply chain across hundreds of major brands and multiple product categories, Partsearch provides solutions in many market categories including consumer electronics, computers, appliances and more.

"Being recognized by Ernst and Young's Entrepreneur of the Year Program is a great honor both for me and all of the employees of Partsearch," said Laumeister. "It recognizes the many achievements we have made since starting the company as just an idea, to Partsearch today with over 250 employees who are all dedicated to solving the parts problem every day for our customers."

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 21st anniversary this year. Awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

About Partsearch Technologies
Partsearch Technologies, based in New York City, is the leading replacement parts platform for consumer durable goods. Since its inception in 2001, Partsearch has grown at a CAGR of 85%, and now serves major retail partners such as Best Buy and Circuit City, warranty administrators like GE Warranty, and operates its own direct brand at www.partstore.com. Partsearch has created the only industry standard Master Parts Catalog with over 8 million unique parts, and a parts-specific virtual supply chain across hundreds of major brands and multiple product categories.

Partsearch was selected as a member of the INC 500's fastest growing private companies in 2006. For more information, visit www.partsearch.com.

About the Ernst & Young Entrepreneur Of The Year Awards
The Entrepreneur Of The Year awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Year Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.

Contact
Karen Bray
Partsearch Technologies
212.201.5137
karen.bray@partsearch.com


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