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10/30/08 EBO Group Receives Entrepreneur of the Year Award

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EBO Group, Inc

1441 Wolf Creek Trail

Sharon Center, OH 44274

(330)590-8105

PRESS RELEASE

Contact: Keith Nichols, President, EBO Group, Inc. (330)590-8105 or knichols@ebogroupinc.com

October 30, 2008
EBO Group Receives Entrepreneur of the Year Award

The EBO Group, Inc., located in Sharon Center, Ohio, received the Medina County 2008 Entrepreneur of the Year Award presented by the Medina County Economic Development Corporation. Dave Heidenreich, Founder and Chairman of the EBO Group, accepted the award. “I accept this award on behalf of all the EBO employee-owners”, said Heidenreich. “We are very pleased to be recognized as an innovative, entrepreneurial company”.

The EBO Group, Inc. is a true example of an entrepreneurial culture. Entrepreneurism and innovation are promoted throughout the company every day in an environment that encourages each employee to constantly improve. In business since 1978, EBO Group is now home to four diverse companies:

PT Tech develops innovative powertrain solutions for “extreme machines.” Founded in 1978, PT Tech has served OEM's in the mining, recycling, tunnel boring, steel production & road-working markets. PT Tech’s line of brakes, clutches, torque limiters & hydraulic power takeoffs are used by a “Who’s Who” of industrial companies world-wide.
TransMotion Medical manufactures the most advanced selection of motorized medical stretcher-chairs on the market. Available in more than 30 versatile configurations, this mobile line converts fromchair to procedure/stretcher at the push of a button.
IPPESsol produces a revolutionary, retractable photovoltaic system that makes solar energy more cost effective and easier to install.
Triton Hybrid Drives develops power dense Oil-Cooled Electric Drive Modules to enable electric and hybrid electric drive systems a wide variety of commercial vehicles. Triton recently was awarded a $1M Ohio Third Frontier Advanced Energy grant to accelerate this valuable, fuel efficient technology.

Noteworthy is the fact that the EBO Group, Inc. is a 100% Employee Stock Ownership Plan (ESOP) company. Each of the employees is an owner of the companies. As its name suggests, EBO Group, or Excellence By Owners, is dedicated to the concept of employee-owners working towards a common goal of continuous success through excellence at every level of the operation. All EBO Group employee-owners share in the rewards of the success enjoyed by each of the subsidiary companies. This structure motivates the organization to flourish in a culture of teamwork. This creates a unique agility, promoting rapid reaction to market opportunities and is the basis for exceptional customer service. More information about EBO Group and its’ four subsidiaries can be found at www.ebogroup.com