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Atul Jain, CEO, TEOCO Corporation Selected as Finalist for the Greater Washington Area Year 2000 Ernst & Young Entrepreneur of the Year Awards.


Business Editors/Hi-Tech Writers

FAIRFAX, Va.--(BUSINESS WIRE)--May 12, 2000

Regional Winners To Be Selected At Awards Banquet On June 29

Atul Jain, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of TEOCO Corporation, has been selected as a finalist in the Greater Washington Area's Ernst & Young Entrepreneur of the Year(R) Awards, the company announced today. Now in its 14th year, the Entrepreneur of the Year program recognizes innovative and talented founders of entrepreneurial companies who exemplify "entrepreneurial spirit" and leadership and whose companies demonstrate strong sales and outstanding growth potential. Winners will be announced on June 29 at the Ritz Carlton Hotel in Tysons Corner, Va.

Regional winners who have demonstrated outstanding leadership and success in their businesses and communities are then eligible to compete for one of several national award categories, including 2000 National Entrepreneur of the Year.

Greater Washington Area finalists were selected by an independent panel of judges Panel of Judges is an indie pop band from Melbourne, Australia. Members
  • Dion Nania (Golden Lifestyle Band) - guitar
  • Alison Bolger (Clag, Sleepy Township) - bass
  • Paul Williams (Molasses, Jaguar Is Jaguar) - drums
Discography
, including: Ethan Assal of Multi-Media Holdings, Inc.; Donald C. Calgiuri of Partners Financial Solutions, Inc.; Daniel F. Gillis of Saga Software, Inc.; Rodney P. Hunt of RS Information Systems, Inc.; John Jacobs of The Nasdaq Stockmarket, Inc.; Marie C. Johns of Bell Atlantic-Washington, DC; Alex Orfinger of Washington Business Journal; Linda D. Rabbitt of Rand Construction Corporation; Gene Riechers of FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm)
FBR Fast Breeder Reactor
FBR Federal Benefit Rate
FBR Foundation for Biomedical Research
FBR Foundation for Blood Research
FBR Fluidized Bed Reactor
 Technology Venture Partners; Janis B. Schiff of Holland & Knight LLP; Sudhakar V. Shenoy of Information Management Consultants, Inc.; April L.Young of Imperial Bank.

Founded and produced by Ernst & Young, the program is nationally sponsored by USA Today, CNNfn and CNN, the NASDAQ Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
, and the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation.

Ernst & Young (www.ey.com) is one of the world's leading providers of services in assurance, consulting, corporate finance and tax. More than 85,000 people around the world act as creative catalysts, joining forces with clients to do all it takes--FROM THOUGHT TO FINISH(TM)---to achieve positive, significant change. E&Y pioneered the development of advanced solutions that connect clients, partners and employees with E&Y resources and knowledge to help them rapidly reach their goals. Ernst & Young refers to the U.S. firm of Ernst & Young LLP and other members of the global Ernst & Young organization. Entrepreneur of the Year(R) is a registered service mark of Ernst & Young LLP.

About TEOCO Corporation

Founded in 1994, TEOCO Corporation--The Employee Owned Company - is an incubator for start-up Internet technology companies and a provider of Web-based software solutions and professional consulting services to some of the world's largest companies in the telecommunications, energy, and healthcare industries. In its core business, TEOCO specializes in developing Web-based business solutions, network cost management solutions, and enterprise systems. Its industry -leading products include BillTrak Pro(TM) and PageNgine(TM). In its capacity as a start-up incubator, TEOCO has successfully launched its first two start-ups: NetgenShopper.com and Eventrix.com. TEOCO's business model redefines how business is conducted by promoting a new standard of corporate culture that emphasizes alignment with the interests of its employees, clients and the community. TEOCO's clients include: Cable & Wireless PLC (NYSE NYSE

See: New York Stock Exchange
:CWP CWP Coal workers' pneumoconiosis, see there ), Daimler Chrysler (NYSE:DCX), Excel Communications (NYSE:ECI), ExxonMobil (NYSE:XOM), Freddie Mac (NYSE:FRE), GEICO GEICO Government Employees Insurance Company , InfoSpace.com (NASDAQ:INSP INSP Inspection
INSP Inspector
INSP Inspect
INSP Inspirational Network
INSP Institut des Nanosciences de Paris (French)
INSP International Nuclear Safety Program
INSP International Network on Strategic Philanthropy
), Inova Health System Inova Health System is a non-profit health organization based in Northern Virginia, USA. Hospitals under Inova provide most of the healthcare needs for citizens in Northern Virginia. The flagship hospital, Inova Fairfax Hospital, has won acclaims as one of the best hospitals in the nation. , Intermedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University).  Communications (NASDAQ:ICIX), MicroStrategy Inc. (NASDAQ: MSTR MSTR Microstrategy, Inc (stock symbol)
MSTR Master
MSTR Minneapolis and St. Louis (railroad)
MSTR Master Mode
), NET-tel Communications, Siemens, TALK.com (NASDAQ:TALK), TRW (NYSE:TRW), US West (NYSE:USW), Williams Communications Group, (NYSE:WCG), and WinStar (NASDAQ:WCII). For more information on TEOCO Corporation, visit their web site at http://www.teoco.com, telephone 888/TO-TEOCO, or email info@teoco.com.
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Publication:Business Wire
Date:May 12, 2000
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