Inspiring Entrepreneurial Spirit for 20 Years
Tony O'Dowd, CEO of Alchemy Software Development nominated for Ernst & Young Entrepreneur Of The Year award.

Dublin, Ireland — May 7th, 2006 — Alchemy Software Development is proud to announce that its CEO and founder, Tony O'Dowd, has been nominated for the Ernst & Young Entrepreneur Of The Year awards. For two decades Ernst & Young and the Irish Entrepreneur Of The Year awards have honored entrepreneurial men and women and the companies they build and grow. During this time the Ernst & Young Entrepreneur Of The Year® award has developed the reputation as the most prestigious honor for entrepreneurs worldwide. Previous Entrepreneur Of The Year winners include individuals who have built some of business's most recognizable names: Jeff Bezos of Amazon.com, Pierre Omidyar of eBay, Inc., Denis O'Brien of Esat Digicom and Moya Doherty/John Colgan of Riverdance™.

Through the national Entrepreneur Of the Year awards, E&Y have recognized the vital contributions of entrepreneurs - the leaders and creators who build and sustain world-class businesses that are a testament to vision, leadership, achievement, and social responsibility.

Finalists for this prestigious award, to be announced in June 2006, will be invited to Shanghai, China, to participate in a nine-day programme featuring master classes by two of the world's leading business thinkers from the Harvard Business School and the MIT Entrepreneurship Centre; one-to-one meetings with Chinese business leaders and local entrepreneurs; and networking sessions with previous Entrepreneur of the Year award finalists. All finalists will then take part in the European Entrepreneur Of The Year awards in September 2006.

About Alchemy Software Development
Alchemy CATALYST is the world's most recognized visual localization technology. 80% of the world's largest software companies use Alchemy CATALYST to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.

With over 12,000 licenses worldwide, Alchemy CATALYST is the dominant visual localization technology among professional development companies, localization service providers and global technology leaders such as Siemens, Corel, Philips, Canon, JD Edwards, VistaTec, Bowne Global Solutions and SDL.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by software development and globalization companies worldwide. With over 12,000 licenses installed worldwide, Alchemy CATALYST is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localization.

Alchemy Software Development has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2, and has offices and facilities in Europe, Asia-Pacific and the United States.

For more information on the company and its products, please refer to http://www.alchemysoftware.ie/