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Press Release
Editorial Contact:
Cynthia Chow
925-242-4600
Randy Wheeler of Valley Oak Systems Named Winner of
Ernst & Young Entrepreneur Of The Year® 2004 Award
Presented with Prestigious Award for
"Realizing Business Potential"
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Valley Oak Systems' Randy Wheeler with Steve Holetz of Ernst & Young
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San Ramon, CA — June 24, 2004 — Valley Oak Systems, Inc., a national provider of claims
management software, services and support, today announced that its founder and CEO, Randy
Wheeler was awarded the Ernst & Young Entrepreneur Of The Year 2004. This award was in the
category Realizing Business Potential. Wheeler was selected from 24 finalists in Northern
California by an independent panel of judges comprised of local community and business leaders
and announced at an award banquet on June 18, 2004 at the Fairmont San Francisco, atop Nob
Hill.
"Receiving this Ernst and Young award is not only an honor for me, but it represents the
collective teamwork of all the employees at Valley Oak Systems," said Randy Wheeler. "This
year we celebrated our 10th anniversary, representing a culmination of everyone's determination
to drive insurance processes into the twenty-first century with leading-edge technology solutions.
As the company moves forward, we will continue to realize our business potential by actively
listening to customers and innovating with an ear toward industry trends. Only by doing this can
we continue to grow and create solutions to meet our client's business objectives."
Wheeler launched Valley Oak Systems in 1994 to provide the insurance industry with software
solutions that offer superior, fully-featured claims administration and risk management
capabilities. His company mission is to closely align insurance objectives, such as cost-control
and risk reduction, with current high-tech solutions. In addition, he placed a huge emphasis on
satisfying customers. Valley Oak Systems dedicates more than half of its staff to client services,
and as a result, has never lost a customer. Due to his achievements in these areas, the company
has experienced tremendous results, growing 738% in the last five years.
Wheeler is committed to building meaningful relationships with clients and employees. Client
management is based on being straight-forward, even if this means suggesting that a client
improve their infrastructure. In the end, the clients' best interests are foremost to ensuring that
each implementation is successful. These values have been imparted from Wheeler to every
employee, resulting in a company dedicated to strong client relations.
Wheeler will be eligible for consideration for the Entrepreneur Of The Year 2004 national
program. Winners in several national categories, as well as the Overall National Ernst & Young
Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, CA on
November 20, 2004.
About The Ernst & Young Entrepreneur Of The Year® Awards Program
The Entrepreneur Of The Year awards program was created and is produced by professional
services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of
The Year recognizes outstanding entrepreneurs who are building and leading dynamic and
growing businesses. The program honors entrepreneurs through regional, national and global
award programs in over 100 cities and 35 countries.
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 103,000 people in
more than 140 countries around the globe pursue the highest levels of integrity, quality, and
professionalism to provide clients with solutions based on financial, transactional, and risk-
management knowledge in Ernst & Young's core services of audit, tax, and transaction advisory
services. Further information about Ernst & Young and its approach to a variety of business
issues can be found at www.ey.com/perspectives.
Ernst & Young refers to all the members of the global Ernst & Young organization.
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Kevin Confetti