Allis-Chalmers Energy (ALY)

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ALY,

Allis-Chalmers Chairman & CEO, Munawar H. Hidayatallah,Named Ernst & Young Entrepreneur Of The Year® 2009 Award Finalist in ...
Date : 05/22/2009 @ 7:20AM
Source : Business Wire
Stock : Allis-Chalmers Energy Inc. (ALY)
Quote : 2.9 0.0 (0.00%) @ 8:21AM




Allis-Chalmers Chairman & CEO, Munawar H. Hidayatallah,Named Ernst & Young Entrepreneur Of The Year® 2009 Award Finalist in ...

Allis-Chalmers Energy Inc. (NYSE:ALY) today announced that its Chairman and CEO, Munawar H. Hidayatallah, is a finalist for the Ernst & Young Entrepreneur Of The Year® 2009 Award in the Houston & Gulf Coast Area Program. 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. Mr. Hidayatallah was selected as a finalist from nearly 550 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 18, 2009 at the InterContinental Houston Hotel.

Mr. Hidayatallah stated, “I want to thank all the stakeholders of Allis-Chalmers for helping me achieve this prestigious nomination as a finalist for the Entrepreneur of the Year 2009 award in the Houston and Gulf Coast Area Program. Allis-Chalmers is a multi-faceted oilfield service company that was ranked as the third fastest growing company among publicly traded companies in Fortune’s 100 Fastest Growing Companies list for 2008. We also had the honor of being ranked first in revenue growth by Fortune among the list of companies with a 124% three-year annual growth rate, 15th in earnings per share growth with a 96% three-year annual rate and 28th out of 100 in total return with a 47% three-year annual rate.”

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 Houston & Gulf Coast Area, sponsors include Bowne, Fulbright & Jaworski L.L.P., Lockton Companies, LLC and Smart Business Magazine.

About Allis-Chalmers

Allis-Chalmers Energy Inc. is a Houston-based multi-faceted oilfield services company. We provide services and equipment to oil and natural gas exploration and production companies, domestically primarily in Texas, Louisiana, New Mexico, Oklahoma, Arkansas, offshore in the Gulf of Mexico, and internationally, primarily in Argentina, Brazil and Mexico. Allis-Chalmers provides directional drilling services, casing and tubing services, underbalanced drilling, production and workover services with coiled tubing units, rental of drill pipe and blow-out prevention equipment, and international drilling and workover services. For more information, visit our website at http://www.alchenergy.com or request future press releases via email at http://www.b2i.us/irpass.asp?BzID=1233&to=ea&s=0.

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.