Award Recognizes Entrepreneurial Excellence in Services Category

SALT LAKE CITY, Utah -- APX Alarm Security Solutions Inc., one of the nation’s largest residential security companies, today announced that Todd Pedersen, CEO & President, received the Ernst & Young Entrepreneur Of The Year® 2010 Award in the services category in the Utah Region. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Pedersen was selected by an independent panel of judges, and the award was presented at a gala event at the Salt Palace Convention Center on June 2, 2010.

“It’s an honor to be nominated as a finalist, let alone winning the award,” said Todd Pedersen. “I am thrilled to work with the executive team and all of the APX employees on a daily basis who are committed to do one thing – protecting families.”

The Ernst & Young Entrepreneur Of The Year® awards celebrate its 24th anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

As a Utah Region award winner, Pedersen is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year® 2010 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 13, 2010. 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.

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 Utah Region, local sponsors include Automatic Data Processing, Inc., Black Oak Capital Partners, Deseret News, Digital Bytes Production & Design, Diversified Insurance Group, Scherzer International, Spring2 Technologies, Strong & Hanni Law Firm, The Summit Group Communications and Utah Business Magazine.

About APX Alarm

APX Alarm's mission is to help families protect and secure their future. Now in its 11th year of operations, APX Alarm is one of the fastest growing national residential security alarm companies providing world-class customer support and service to hundreds of thousands of customers throughout North America. APX Alarm is currently ranked #6 on the SDM list of the largest 100 residential security installation and monitoring companies.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program
Ernst & Young’s Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique 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, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful,