Mark Lucas, CEO of Altec Lansing Technologies, Named Finalist For Ernst & Young Entrepreneur Of The Year 2005 Award

MILFORD, Pa.--(BUSINESS WIRE)--June 16, 2005--Mark E. Lucas, CEO of Altec Lansing Technologies, has been named a finalist for the Ernst & Young Entrepreneur Of The Year(R) 2005 Awards in the contest region covering greater Philadelphia, central Pennsylvania, southern New Jersey and Delaware. Lucas was selected from 75 regional nominations by a panel of independent judges comprised of area leaders from business, academic, and civic organizations. Finalists will be selected in one of eight award categories announced at an awards banquet this evening at the Philadelphia Marriott Hotel.

Under Lucas' leadership, Altec Lansing has become the market's leading supplier of powered and portable speaker systems for today's consumer electronics. His most recognized accomplishment at the 1,500-employee company was to engineer a comprehensive shift in Altec Lansing's business model from selling speaker systems to computer manufacturers toward the current model of selling products directly to the consumer through retail channels. The result has been dramatic and sustained company growth as well as carefully crafted global expansion.

Lucas has also led the introduction of the inMotion(TM) brand of portable audio products, including the market's best-selling portable speaker for the Apple iPod; launched a variety of new computer and home entertainment sound systems; and relaunched the company's Professional Division.

Regional 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(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 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 www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.

About Altec Lansing Technologies, Inc.

Altec Lansing Technologies, Inc., has a rich legacy of blending art and science to stir the soul with high quality consumer and professional speaker systems. The market leader in Powered Audio(TM) Systems, Altec Lansing designs, manufactures and markets a wide range of computer and home entertainment sound systems and a line of headsets and headphones. The company's Professional division, re-launched in 2002, builds on the storied Altec Lansing name among sound system specifiers, contractors and installers in the fixed installation market. Headquartered in Milford, PA USA and privately held, Altec Lansing also has offices in Oklahoma City OK, Luxembourg, and Hong Kong. In addition, Altec Lansing has an ISO 9002 and SA8000 certified manufacturing facility in The People's Republic of China. The company employs about 1,500 people worldwide.

Altec Lansing is a registered trademark of Altec Lansing Technologies, Inc. All other trademarks are the property of their respective owners.