Merchant Warehouse Co-CEO Henry Helgeson Named Ernst & Young Entrepreneur of the Year® 2009 Award Finalist in New England

Brian Waldman

May 20, 2009

Merchant Warehouse, a premier provider of merchant accounts and credit card processing solutions today announced that President and co-CEO Henry Helgeson is a finalist for the Ernst & Young Entrepreneur Of The Year® 2009 Award in New England. 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. Helgeson was selected as a finalist by a panel of independent judges and award winners that will be announced at a special gala event on June 16, at the Marriott Newton Hotel.

"It is an honor to be named a finalist for Ernst & Young's Entrepreneur of the Year Award," said Henry Helgeson, president and co-CEO of Merchant Warehouse. "From humble beginnings to the strong and proud company Merchant Warehouse is today, I have always valued integrity and innovation as the driving force behind our success. I am extremely proud of how far the company has come since its inception and look forward to providing continued guidance of our growth and subsequent success."

Under Helgeson's guidance, Merchant Warehouse has created new and innovative products and solutions that shake up the industry. Earlier this year, the company launched BINsmart TM, a patent-pending and revolutionary technology that identifies, once a card is swiped, whether it is a debit, credit or corporate card; calculates the estimated lowest cost processing option; and then prompts for the best method to run that sale. It also developed and launched its first iPhone and Blackberry applications, MerchantWARE Mobile, which allow mobile workers the convenience of accepting payments while on the road.

The Ernst & Young Entrepreneur of the Year awards program celebrates its 23rd 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 LLP 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 14, 2009. 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 the New England region, sponsors include; Bowne, Curran & Connors, Boston Magazine, J.Robert Scott, Marsh USA, Nixon Peabody and AMS.

About Merchant Warehouse
Merchant Warehouse was founded in 1998 on the principle that businesses should be able to purchase credit card processing software, POS equipment and merchant services at a reasonable price. Servicing over 80,000 merchants, Merchant Warehouse now sets the standard for price, innovation, customer service and integrity. For more information, please visit MerchantWarehouse.com or follow us at http://twitter.com/MWarehouse.

About Ernst & Young's Entrepreneur Of The Year® Awards Program

Ernst & Young's Entrepreneur Of The Year® Award is the world's most prestigious business award for entrepreneurs. The award makes a difference through the 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, the Ernst & Young Entrepreneur Of The Year® award 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.

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Contacts:
Brian Waldman
Merchant Warehouse
800.941.6557 x2050
bwaldman@merchantwarehouse.com

Alexis Gordon/Michael Sullivan
PAN Communications
978.474.1900
merchant@pancomm.com