CARCHEX CEO Jason Goldsmith a Winner in Maryland Ernst & Young Entrepreneur of the Year® 2008 Awards Competition

Goldsmith, 32, this year's youngest Maryland winner; Award recognizes entrepreneurial excellence in emerging entrepreneur category.

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Companies like Under Armour and Advertising.com set the gold standard for entrepreneurship in Maryland in the last decade and I am thrilled to be counted among the founders of those incredible companies in winning this award

Hunt Valley, MD (PRWEB) June 24, 2008

CARCHEX, the trusted resource for professional automotive services for consumers, strategic partners and dealers, today announced that CEO Jason Goldsmith received the Ernst & Young Entrepreneur Of The Year® 2008 Award in the Emerging Entrepreneur category in Maryland. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Goldsmith was selected by an independent panel of judges, and the award was presented at a gala event at the Baltimore Marriott Waterfront Hotel on June 19, 2008.

Goldsmith, 32, is the youngest of this year's seven Maryland award winners. During his acceptance remarks, Goldsmith spoke of his pride at being a Maryland-based company and being among an elite group of past E&Y winners including Kevin Plank, founder of Under Armour, and Scott and John Ferber, co-founders of Advertising.com.

"Companies like Under Armour and Advertising.com set the gold standard for entrepreneurship in Maryland in the last decade and I am thrilled to be counted among the founders of those incredible companies in winning this award," said Goldsmith. "Maryland is a great state for business and CARCHEX is proud to call it our home."

CARCHEX was founded in 2001 as a provider of vehicle inspection services. Since 2003, when Jason Goldsmith purchased the company, CARCHEX has added several more consumer assurance products to its business. The company is one of the largest and most trusted names in the Vehicle Service Contract (VSC) or extended warranty industry, offering competing products direct to consumers from only A-rated administrators and insurers.

In 2007, CARCHEX launched the CARCHEX Advantage™ step-by-step automotive purchasing guide, including web tools available 24/7 and Car Buying Concierge agents available by phone to answer questions and help negotiate the best deal on a new or used car.

The Ernst & Young Entrepreneur of the Year awards program celebrates its 22nd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

"Ernst & Young is pleased to honor outstanding business leaders such as Jason Goldsmith," said Harry Thomasian Jr., Ernst & Young Entrepreneur Of The Year Program Director for Maryland. "Winners of the Entrepreneur Of The Year award build leading businesses and contribute a great deal to the communities around them. Their success helps our area grow stronger."

As a Maryland award winner, Goldsmith is now eligible for consideration for the Ernst & Young Entrepreneur of the Year 2008 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur of the Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

Sponsors:
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors. In Maryland, sponsors include Clifton Gunderson LLP, DLA Piper, Provident Bank, Baltimore SmartCEO, and The Mergis Group.

About CARCHEX:
Headquartered in Hunt Valley, MD, CARCHEX is the trusted resource for professional automotive services for consumers and dealers. Consumers can use the CARCHEX Advantage system to Select, Inspect, Purchase and Protect their next car online. An innovator in pre-purchase vehicle inspection programs, the CARCHEX system provides consumers the confidence to buy their next car online. CARCHEX also helps dealers generate qualified new and used car leads and maximize existing customer relationships through its suite of proprietary data collection tools, Warranty/CRM remarketing program and network of strategic industry partners. Visit us online at http://www.CARCHEX.com

About Ernst & Young's Entrepreneur Of The Year:
Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Ernst & Young:
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential. For more information, please visit http://www.ey.com.

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