LEGALZOOM, SNAP.COM, PROLACTA NAMED WINNERS OF ENTRETECH / PRICEWATERHOUSECOOPERS FOURTH ANNUAL ENTREPRENEURSHIP AWARD 2007


PASADENA, Calif. -- (BUSINESS WIRE) -- Entretech (www.entretech.org), a leading business development organization serving high technology companies throughout Greater Los Angeles, announced today that LegalZoom, Snap.com and Prolacta Bioscience have been named winners of its fourth annual Entrepreneurship Award 2007. Offered in partnership with PricewaterhouseCoopers, the world’s largest professional services organization, the Entretech PricewaterhouseCoopers Entrepreneurship Award celebrates the entrepreneurial vigor and business achievements of technology companies based in Los Angeles.

The three winners were honored at an awards dinner on April 19, on the Caltech campus, featuring keynote speaker Ruth Owades, distinguished entrepreneur, and founder of two successful companies, Calyx & Corolla, and Gardeners’ Eden.

The purpose of the Entrepreneurship Award is to honor growing, leading edge companies symbolizing the best in entrepreneurial spirit and skills. This year, the Program was divided into three revenue categories to accommodate the growing interest of applicants, which ranged from companies earning under $1 million in annual revenues in 2006 to over $115 million.

“The high quality of applicants made the selection process extremely difficult,” said Stephanie Yanchinski, Executive Director of Entretech. “LegalZoom, Snap.com and Prolacta Bioscience ultimately received the award based on clear evidence of product acceptance in the marketplace, their potential for significant increases in revenue and profitability, and their dynamic management teams with a proven record of execution.”

“We’re pleased with the tremendous growth of the Entrepreneurship Award since its inception four years ago,” said Louise Wannier, Chairman of the Entrepreneurship Award Advisory Committee. “The program continues to attract an amazing group of applicants, as well as recognition from the VC and technology communities throughout California.”

“We’re honored to have been recognized with the Entrepreneurship Award,” said John Suh, CEO of LegalZoom. “Entretech has provided instrumental support to many technology companies and brought much visibility to the many entrepreneurial efforts in Southern California.”

About the Winners

$5 million plus 2006 revenue

LegalZoom (www.legalzoom.com) is the nation’s number one online self-help legal document service. Co-founded by attorney Robert Shapiro in 2001, LegalZoom.com (www.legalzoom.com) lets consumers and small business owners take care of common legal matters online without a costly attorney. Legal documents available through LegalZoom include: Wills, Living Wills, Incorporation, LLC Formation, Living Trusts, Powers of Attorney, Divorces, Small Claims, Trademarks, Copyrights and more.

$1 to $5 million 2006 revenue

Snap.com (www.snap.com) is a web search engine that, with its visual approach to search and intuitive user interface, provides users with a unique and more efficient way to view and interact with search results. Snap.com also delivers to businesses a more cost-effective advertising model that aligns search relevance with advertiser goals while also protecting them from click fraud. Snap.com was recently chosen as one of TIME magazine’s 50 Coolest Websites of 2006.

Under $1 million 2006 revenue

Prolacta Bioscience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Offering a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants, Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition. Prolacta operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk.

About Entretech

Entretech (www.entretech.org) is the leading non-profit association in Greater Los Angeles empowering entrepreneurs to build new businesses through capital, education, people, and strategic partners. It provides the high tech community with critical and practical business development resources and connections. Recently expanding its geographical reach beyond the San Gabriel Valley to cover all of Los Angeles, Entretech formed a closer relationship with the Tech Coast Angels, alongside an existing partnership with the Pasadena Angels. In addition, in 2007, vice provosts from USC and UCLA joined Caltech on the Entretech Board, representing a powerful regional triumvirate of innovation. Since its inception more than seven years ago, Entretech has worked closely with other organizations throughout the region, including the Caltech/MIT Enterprise Forum, the Keck Graduate Institute, the NASA Commercialization Center, the Business Technology Center, LARTA, the LAEDC, the San Gabriel Valley Economic Partnership, and the Cities of Pasadena, Monrovia and Irwindale. Entretech is positioned to work with communities throughout Los Angeles to advance a significant cluster of advanced-tech development. Entretech operates from an office on the Caltech campus.