Chuck Sheldon of NHR Named Finalist For Entrepreneur Of The Year

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Chuck Sheldon of Network Hardware Resale Named Finalist For Ernst & Young Entrepreneur Of The Year® 2005 Award

SANTA BARBARA, Calif., June 27, 2005 – Chuck Sheldon, president and CEO of Network Hardware Resale (NHR), was named a finalist by professional services firm Ernst & Young LLP for the Ernst & Young Entrepreneur Of The Year® 2005 Awards in Greater Los Angeles. NHR was selected from nearly 100 nominations in Greater Los Angeles by a panel of independent judges. Finalists will be selected in one of six award categories announced at an awards banquet on June 28, 2005 at the The Beverly Hilton Hotel

“It is an honor to be included in this group of finalists for the Entrepreneur Of The Year Award,” said Chuck Sheldon. “Any recognition of my entrepreneurial achievement is shared by John Sheldon, my son and company co-founder, as well as all the NHR employees whose integrity and hard work have made the company an industry leader.”

The company that would become NHR was founded in 1986, originally as a small business reselling pre-owned communications equipment to generate extra income as Chuck Sheldon served as mayor of Hermosa Beach, Calif. In 1996, the company assumed the name Network Hardware Resale and focused on becoming the most trusted reseller of pre-owned Cisco networking hardware. NHR today employs more than 100 people in the United States and Europe and has enjoyed more than 36 consecutive quarters of growth and profitability. Revenue increased more than 50 percent in 2004 and the company is on pace to deliver higher growth in 2005.

Greater Los Angeles winners will be eligible for consideration for the Entrepreneur Of The Year 2005 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 2005.

About The Ernst & Young Entrepreneur Of The Year® 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 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 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 Ernst & Young refers to all the members of the global Ernst & Young organization.


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