Young Entrepreneurs From 100 Companies Contribute Over 2,500 Jobs and $374 Million to the U.S. Economy

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Young Entrepreneurs, Aged 30 and Under, Named to Empact100 List to be Honored at the White House

Scambook.com

Scambook.com

Andrew Bachman and Lin Miao of Scambook.com based in Chicago Illinois have been named to the Empact100 list of the country’s top young entrepreneurs and will be recognized at the White House in Washington, D.C. on November 17. They will be honored for their accomplishments and positive influence on the American economy. The Empact100 list has been created by Empact, in partnership with the Kauffman Foundation, Opportunity International, Global Entrepreneurship Week, and the Startup America Partnership.

The list was announced on November 3rd and candidates were judged based solely on reported revenue. Nominations were open to U.S. based individuals or companies that fulfilled the requirements of having all founders 30 years or younger as of December 30, 2011, and reported revenue over $100,000 in 2010, or 2011 to date.

"After selling our media company in April, we were determined to build another startup with 2 key components. The first being we needed to develop a product with extremely high value to our customers, and the second was that our product in some way would have a positive influence on a down economy." Said Bachman; the company's 28 year old Co-founder and President. "Scambook.com is the leading consumer complaint forum, and we achieve these 2 goals by getting US consumers their money back after they've been ripped off, and by forcing the hand of deceptive businesses to change their ways and start providing real value to their consumers."

Miao; the company's 25 year old Co-founder and CEO credits a friendship he developed as one of the major catalysts for scambook.com's success. "I called up Edelson McGuire LLP and asked for Jay Edelson. In my last industry Jay had a reputation as the best Class Action Attorney in the business. When Jay agreed to come on board as our partner, I knew it was the missing link that would take this from an optimistic idea, into a really effective platform."

Both the success of Scambook.com and the Empact100 list are testament to the impact young entrepreneurs have on the American economy. The 100 companies on the list are responsible for contributing over 2,500 jobs and over $374 million in revenue. More information about the demographics of the awardees can be seen on these infographics.

The event will provide each Empact100 list member the opportunity to pledge their mentorship and wealth to the field of entrepreneurship, which will support Empact & Opportunity International’s Future of Entrepreneurship Pledge movement. Also, they will be challenged to fund one loan for an entrepreneur in a developing country through Opportunity International, the second largest microfinance bank in the world.

A live broadcast can be viewed at http://www.whitehouse.gov/live between 2:30pm and 5:00pm EST on Thursday, November 17.

About Scambook:
Scambook.com is created by attorneys at Edelson McGuire, the country's leading consumer class action law firm. Edelson McGuire has an extensive history of experience in complex class action litigation from illegal spyware to cell phone text spamming and they have successfully brought these companies behind these scams to justice. The Internet today is crippled with old and new scams that feed on innocent consumers from around the world. It is time that we collectively join together and stop these companies from defrauding consumers.

Scambook is a real-time information network that enables you to upload and share with your social network about the latest complaints and scams. We connect your complaints and scams with the country's top consumer attorneys to give you a fighting chance in getting your money back.
Learn more at: http://www.scambook.com

About Empact:
Formally known as Extreme Entrepreneurship Education, Empact has worked with over 400 colleges & universities, workforce development organizations, Chambers of Commerce, and Small Business Development Centers to help promote entrepreneurship among aspiring entrepreneurs. Empact aims to alleviate mental and financial poverty by empowering individuals to live with passion, purpose, and prosperity through the entrepreneurial mindset.
Learn more at http://www.iempact.com.

About Opportunity International:
Opportunity International provides small business loans, savings, insurance and training to over two million people working their way out of poverty in the developing world. Clients in over 20 countries use these financial services to start or expand a business, provide for their families, create jobs for their neighbors and build a safety net for the future. For more information, visit http://www.opportunity.org or join the conversation on Facebook and Twitter.

About The Kauffman Foundation:
The Ewing Marion Kauffman Foundation is the largest foundation in the world promoting entrepreneurship. It is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies.

About Startup America Partnership:
The Startup America Partnership was launched in January 2011 at the White House to help inspire and celebrate entrepreneurs, their firms and the people that join them. Founding board members include Steve Case (Founder of AOL), Scott Case (Founding CTO of Priceline), Carl Schramm (CEO of Kauffman Foundation), Fred Smith (Founder of Fedex), Magic Johnson (Founder of Magic Johnson Enterprises), Michael Dell (Founder of Dell), and other notable entrepreneurs.

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Sheena Lindahl
Empact
(800) 930-8021 703
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