Hunt Valley, MD May 20, 2008 -- CARCHEX, the trusted resource for professional automotive services for consumers and dealers, today announced that CEO Jason Goldsmith is a finalist for the Ernst & Young Entrepreneur Of The Year® 2008 Award in the Maryland. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Goldsmith was selected as a finalist from nearly 50 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 19 at the Baltimore Marriott Waterfront Hotel.

"I'm thrilled to be recognized by Ernst & Young for the success we've had at CARCHEX," said Goldsmith.

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 your best new or used car deal.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 22nd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year 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 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 www.ey.com.