CEO Kamran Pourzanjani of PriceGrabber Named Winner Of Ernst & Young Entrepreneur Of The Year(R) 2005 Award; PriceGrabber Recognized for 'Business Services' Category.

LOS ANGELES -- PriceGrabber's CEO Kamran Pourzanjani was named a winner by professional services firm Ernst & Young LLP for the Ernst & Young 'Entrepreneur Of The Year(R)' 2005 Greater Los Angeles Awards in the Business Services category. Pourzanjani was selected in the Greater Los Angeles area by an independent panel of judges comprised of local business, financial, academic, and media luminaries. The Entrepreneur of the Year Program recognizes outstanding entrepreneurs locally for their vision, leadership, and ability to grow the successful businesses that help sustain the economy. The award was announced at the awards banquet on Tuesday held at the Beverly Hilton in Beverly Hills, Calif.

To qualify for Ernst & Young 'Entrepreneur of the Year Award,' nominated companies must be public or private companies headquartered in North America that have demonstrated growth, and potential in their market space. PriceGrabber pioneered the space of online comparison shopping by innovating technology and offering features to make the online shopping experience easy, secure, and fun for consumers. Additionally, PriceGrabber has always been a strong advocate for helping consumers make the best purchase decision.

"I am very honored for this prestigious recognition. The award is a tribute to the dedication of PriceGrabber and our employees in consistently providing the best service and technology to consumers and partners," said CEO Kamran Pourzanjani of PriceGrabber. "We are grateful to our partners and millions of loyal users who fuel our continued growth and our passion for innovation in providing the best comparison shopping experience."

PriceGrabber was founded in 1999 with no VC funding, and has since experienced steady growth becoming a trusted consumer ally in the space of online comparison shopping today. PriceGrabber now boasts 21 product categories on the site, and more than 8,000 merchants and sellers offering best deals. More than 18 million unique monthly visitors shop on the site that now boasts over 20 million offerings.

The Ernst & Young award adds another accolade for PriceGrabber, a privately held company under Pourzanjani's leadership, has been recognized by Deloitte & Touche as the fastest growing company in Los Angeles, and named by Forbes among the top ten companies to watch in 2005. CEO Kamran Pourzanjani is now eligible for consideration for the 'Entrepreneur Of The Year' 2005 national program.

About PriceGrabber.com Ltd.

PriceGrabber.com is a leader in comparison shopping and is widely recognized as one of the best and most useful sites on the Internet by industry leading publications including PC World and PC Magazine. Savvy shoppers who value their time, money and privacy use PriceGrabber's various channels to find the best deals on a wide range of products and services. In 2004, PriceGrabber was named the 5th fastest growing company in the United States by Deloitte's 2004 Technology Fast 500, and the fastest growing in Los Angeles by Deloitte's Fast 50. PriceGrabber's innovative comparison shopping services make it a valuable ally for any shopper; they include: BottomLinePrice calculations, Storefronts marketplace, merchant ratings and reviews, detailed product information and reviews, side-by-side product comparisons and email notification of the best prices and availability on the Internet. For merchants, manufacturers and partners, PriceGrabber.com provides unparalleled marketing and sales opportunities to 18 million active, qualified and ready to buy shoppers on a monthly basis. PriceGrabber's vast database of consumer comparison shopping habits is available for companies seeking in-depth product and market analysis. The company offers comparison shopping in English (at www.pricegrabber.com), Spanish (at www.preciomania.com) and Portuguese (at www.precomania.com) as well as international sites in Canada and the United Kingdom. PriceGrabber is headquartered in Los Angeles, CA.

PriceGrabber is a registered trademark, and PriceGrabber.com and BottomLinePrice are trademarks of PriceGrabber.com, LLC. Other trademarks or registered trademarks are the property of their respective owners.

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

The Ernst & Young Entrepreneur Of The Year Program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, 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 100,000 people in 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 Advisory Services. Ernst & Young practices also provide legal services in some 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.