2 Triangle Entrepreneurs Named Ernst & Young Entrepreneur Of The Year 2004 Award Recipients.

RALEIGH, N.C. -- Professional services firm Ernst & Young LLP with co-sponsors Bank of America, Marsh, The Triangle Business Journal and Womble Carlyle announced today the award recipients of the Ernst & Young Entrepreneur Of The Year(R) 2004 Award. Kay Wagoner of Icagen and Scot Wingo of ChannelAdvisor, both from the Triangle, took home the prestigious award. An independent panel of judges comprised of local community and business leaders selected the award recipients.

The Carolinas' Award Recipients of Ernst & Young Entrepreneur Of The Year are:

--  Life Sciences & Health Services
    Kay Wagoner
    Icagen, Inc.
    Durham, NC

--  Technology
    Scot Wingo
    ChannelAdvisor Corporation
    Morrisville, NC

--  Manufacturing & Distribution
    Jeffrey "Chad" Odom
    Innovative Container
    Greenville, SC

--  Hospitality
    Chad Walldorf, Jeff Goldstein & Todd Eischeid
    Sticky Fingers RibHouse
    Mt. Pleasant, SC

--  Realizing Business Potential
    Miles Busby
    Source Technologies
    Charlotte, NC

--  Financial Services
    John Forlines
    Bank of Granite
    Granite Falls, NC

--  Retail & Consumer Products
    Richard Brenner
    Amarr Garage Doors
    Winston Salem, NC

--  Services
    Louis DeJoy
    New Breed Inc.
    Greensboro, NC

"Ernst & Young Entrepreneur Of The Year award recipients embrace the entrepreneurial spirit and determination necessary to achieve success," said Les Bethune, Ernst & Young Partner. "Ernst & Young is proud of its history recognizing and supporting these outstanding leaders and their companies."

The Carolinas' award recipients are now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2004 national program. Winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, Calif., in November 2004. The overall national Ernst & Young Entrepreneur Of The Year award winner is then considered for the world event held in Monte Carlo.

About The Ernst & Young Entrepreneur Of The Year(R) Awards Program

The Ernst & Young 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 recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.

About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 103,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of audit, tax, and transaction services. Ernst & Young practices also provide legal services in those parts of the world where permitted. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.