Press Release: ActioNet, Inc.’s President & CEO Honored as 2004 Asian Entrepreneur of the Year

FAIRFAX, VA – April 13, 2004 – ActioNet announced today that its President & CEO Ashley W. Chen has been named a 2004 Asian Entrepreneur of the Year by Asian Enterprise Magazine. This prestigious award recognizes leading Asian Americans in the business community who create value in their respective markets and give back to the communities they represent.

Ms. Chen said, “ActioNet is an organization that emphasizes quality and team spirit. Everyone has the opportunity to be their best in contributing to the success of the company and sharing in the rewards. Success is a journey that is not just measured by the bottom line, but by helping those around us achieve their dreams and goals as well.”

ABOUT ASIAN ENTERPRISE MAGAZINE
Asian Enterprise (AE) is the Largest Asian American Business Focus Magazine in the Nation. "Celebrating Asian Entrepreneurs" is the only competition-based awards program that seeks to recognize exemplary Asian American entrepreneurs across America. The competition is open for any for-profit Asian American owned firms that have been in operation for at least three consecutive years. Each year, five winners are selected in different categories. The judging of winners was made by an independent panel of business and technology experts. The evaluation criteria include such factors as overcoming adversity, health of business, job creation and community activities relating to entrepreneurship, mentoring, youth awareness and community economic development.

The 10th Annual Asian Entrepreneur Awards will be held on Friday, May 21, 2004 at Caesar’s Palace in Las Vegas, Nevada. The theme of 2004 is “Leveraging the Power of Asian American Enterprise: The Catalyst to Economic Strength.” This year’s special awards include the Honorable Congressman Mike Honda and NASA Associate Administrator/President-OSDBU Ralph Thomas.

For more information about AE Magazine, please visit www.asianenterprise.com.

ABOUT ASHLEY W. CHEN AND ACTIONET, INC.
Ashley W. Chen founded ActioNet in 1998 with a “dream to build something great.” She was inspired by an enlightening piece written by a traditional Japanese philosopher that stated, “...action without vision is a nightmare, vision without action is only a daydream.” Through hard work and persistence, Ms. Chen turned her vision into “action” and her dreams into reality.

ActioNet is an SEI CMM Level 3 Certified IT Services Firm that specializes in Enterprise Software Development involving a Full Lifecycle Methodology, Information Systems Security, Systems Integration, and Training. ActioNet ranked #5 in the 2003 Deloitte Technology Fast 50 - VA and #87 in the Technology Fast 500 - North America. ActioNet was a recipient of the "DOT Outstanding Women-Owned Business Enterprise Award" and the "DOE CIO IT Quality Award for Technical Excellence".

ActioNet received the “Exceeds Customer Expectations” Past Performance Rating from Dun & Bradstreet (D&B). Ms. Chen states, “We are very proud of the fact that our first customers are still our customers today.” ActioNet reinvests its profits back into the company and its people to fuel future growth and expansion. ActioNet’s ability to attract and retain the best talent is directly related to its internal mentor-protégé program and philosophy of promoting from within. ActioNet has built a strong financial foundation and has received the Highest “3A1” Financial Rating from D&B with zero debt.

Opportunity and success come with a great responsibility to reach out and help others along the path. Ms. Chen supports many community organizations such as FAPAC, AAGEN and USPTO APANET to name a few. Ms. Chen said, “My passion continues to drive me and I will be persistent throughout the journey.”

CONTACT
Ashley W. Chen, ActioNet, Inc., 703-204-0090 Ext. 108, achen@actionet.com.