SOURCE: The Linc Group, LLC

June 17, 2008 15:19 ET

Linc Group CEO Tracy K. Price Named Ernst & Young Entrepreneur of the Year® 2008 Award Recipient in Orange County/Desert Cities

Award Recognizes Entrepreneurial Excellence in Business Services Category

IRVINE, CA--(Marketwire - June 17, 2008) - The Linc® Group, LLC, a global provider of technical facility services, is pleased to announce that its president and chief executive officer, Tracy K. Price, received the Ernst & Young Entrepreneur of the Year® 2008 Award in the business services category in the Orange County/Desert Cities program. The award -- presented on June 11, 2008 at the Hyatt Regency Irvine -- recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses.

Price's vision for The Linc Group has been to transform the services industry through the implementation of technological innovation, education, and continuous improvement. Under his leadership, the company has grown to be a global services provider with 4,200 employees and over $500M in revenue. Customers include large airports, hospitals, sports arenas, and government and military facilities. This is remarkable for a company formed by Enron just prior to its 2001 implosion. Price and his executive team spent the next two years working tirelessly to avoid being bankrupted by Enron's demise. Through commitment and perseverance, Price wrested the company from the Enron black hole in 2003 and executed his vision.

"Collectively we waged an epic battle against Enron and overcame long odds to become the successful enterprise we are today," said Price. "What we have done together since to diversify and build our business over the past four years illustrates the talent, spirit, and dedication of our people. I'm honored to accept this prestigious award on behalf of the entire Linc team and in recognition of our remarkable story."

"Ernst & Young is pleased to honor outstanding business leaders such as Tracy Price," said Kurt Binder, Ernst & Young Entrepreneur of the Year Program Director for the Orange County/Desert Cities program. "Award recipients 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 an Orange County/Desert Cities award recipient, Price will be considered for the Ernst & Young Entrepreneur of the Year 2008 national program. The overall Ernst & Young Entrepreneur of the Year winner will be announced on November 15, 2008.

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