Application Criteria:
Miles Young Entrepreneur Award To Name The 2006 Young Entrepreneur of Southern New Jersey
Miles Technologies, in cooperation with the Entrepreneurs Forum of Southern New Jersey, announce the search is on for the 2006 Young Entrepreneur of Southern New Jersey. Nomination and application forms are available at milestechnologies.com. Deadline for applications is April 26, 2006. Young Entrepreneur of Southern New Jersey 2006 Awards reception set for May 18, 2006 at Regency Palace, Mount Laurel, New Jersey.

MOORESTOWN, NJ - (December 8, 2005) – Miles Technologies, in cooperation with the Entrepreneurs Forum of Southern New Jersey, is pleased to announce applications and nominations are now being accepted for the Young Entrepreneur of Southern New Jersey 2006 Award Program. Conceptualized by Burlington County Entrepreneur Chris Miles, 35, who started his first company at the age of 12 and founded Miles Technologies at the age of 26 in 1997, the Young Entrepreneur of Southern New Jersey Award – also known as The Miles Award - gives recognition to progressive young business owners under the age of 30 operating businesses in Southern New Jersey.

QUALIFICATIONS

Founder(s) must be all under the age of 30 on Dec. 31st 2005

Company must be an independent, privately-held corporation, proprietorship, or partnership (not a subsidiary or division) and the founders must own the controlling interest in the company.

Company must have made its first sales prior to 3/1/2004

Company must have had sales at or above $75,000 in 2004

Company must have made a profit in 2005

Company must have principal place of business in:
Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean or Salem counties in New Jersey

Company must employ at least three employees on Dec. 31st 2005 other than the founder(s)

SELECTION PROCESS
The Entrepreneurs Forum of Southern New Jersey - a not-for-profit organization dedicated to fostering the development of entrepreneurial ideas and ventures and improving the success rate of emerging, growth-oriented companies in South Jersey and the Center for Innovation of Rowan University – will oversee the review of all financials and company information. All applications must be received by Miles Technologies by April 26, 2006.

EVENT
The Number One Young Entrepreneur of Southern New Jersey will be revealed in May 2006 at a special ceremony at the Regency Palace Mount Laurel, NJ . Details and finalist names will be posted online the week of May 22, 2006 at http://www.efsnj.org and http://www.milestechnologies.com.

FINDINGS

Winners will be recognized at a special ceremony in May 2006, where they will have the opportunity to meet and speak with Advisory Board members and small business advancement and strategy consultants of the Entrepreneurs Forum of Southern New Jersey. Winners will also be featured in a special section of SJ Magazine in the publication's June 2006 issue.

For more information on the Young Entrepreneur of Southern New Jersey 2006, visit http://www.milestechnologies.com.

For more information on the Entrepreneurs Forum of Southern New Jersey, visit http://www.efsnj.org .

For more information on Chris Miles and Miles Technologies, visit http://www.milestechnologies.com .