(Palm Springs, CA — November 28, 2006) — Gary Hollister, Chairman, and Aaron Garrity, CEO of XanGo, LLC (recognized category creator of the mangosteen supplement) were named finalists in the prestigious Ernst and Young Entrepreneur of the Year Award ® 2006 in the Emerging Category. The three finalists were chosen from over 20 regional programs throughout the United States.
2006 marked the 20th anniversary for Ernst & Young's Entrepreneur of the Year awards, recognizing business leaders and founders. Award criteria is based upon entrepreneurs that create dynamic businesses, are leaders within their industries and who continually support local communities.
"XanGo is honored to be a part of Ernst & Young's Entrepreneur of the Year awards. It is a tribute to the hard work and dedication of the entire XanGo team to be recognized by the foremost authority in the international business community," said Hollister. "As the emerging leader in the worldwide natural products industry, we are proud to see our perseverance and determination lead the way in creating and sustaining a distinguished entrepreneurial spirit."
Since its founding just four years ago, XanGo has grown into an international company with more than 600 employees at its Lehi headquarters. Its flagship product, XanGo® Juice, is sold by more than 500,000 independent distributors in 15 international markets. “XanGo has surrounded itself with people that continue to take us to new heights,” said Hollister.
From a single program in 1986, the Ernst & Young Entrepreneur of the Year awards program has expanded to 26 regions in the U.S. and 39 countries worldwide. Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur of The Year national program. To be considered for the Entrepreneur of The Year award, candidates must be an owner or manager of a private or public company who is primarily responsible for the recent performance of the company and still active in top-level management.
"XanGo's mission to raise social consciousness and mobilize XanGo's global resources has allowed us to serve, support and improve impoverished communities around the globe. This recognition will enhance our ability to carry on this vision as we continue to expand into new international markets as well as help third world communities in need,” concluded Hollister.
XanGo, LLC is a recognized category creator as the first company to market a premium mangosteen beverage, XanGo® Juice, to consumers worldwide. A delicious daily dietary supplement, XanGo Juice harnesses the nutritional attributes of the whole mangosteen fruit through a proprietary formula. Based in Utah, XanGo is privately-owned and powered by a global network of independent distributors. XanGo’s expansive operations include the United States and numerous international markets such as Japan, Australia, New Zealand, Mexico and Canada. For more information on XanGo and XanGo Juice, visit www.xango.com <http://www.xango.com> .
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 114,000 people in 140 countries pursue the highest levels of integrity, quality and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives <http://www.ey.com/perspectives> . Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, a U.K. company limited by guarantee, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst &Young LLP, a Delaware limited liability partnership, is the U.S. client-serving member firm of Ernst & Young Global Limited.
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