SPECIALTY BLADES

NEWS


Specialty Blades Founder, Martin Lightsey, Wins Award

June 21, 2004

Martin F. Lightsey, Chairman of Specialty Blades, Inc. was named a winner by professional services firm Ernst & Young LLP for the Ernst & Young Entrepreneur Of The Year 2004 Awards for Virginia in the Business Products category. Lightsey was selected from 32 finalists in the Virginia regional program by an independent panel of judges comprised of area community and business leaders and announced at an awards gala on June 17, 2004 at the Richmond Marriott Hotel.

Lightsey launched Specialty Blades, Inc. after a 15-year career as an engineer and director with American Safety Razor (“ASR”). Lightsey had developed an innovative idea that he thought would add breadth and revenue to ASR’s Medical and Industrial blade business. By combining razor blade and computer technology, Lightsey theorized the company could produce high quality, customized blade shapes that would allow them to process smaller custom orders. ASR turned down his idea, but Lightsey was determined it would work. So in 1985, he left his corporate position to fulfill his vision. Today, Lightsey’s vision has resulted in a thriving company of 65 employees and over $10 million in revenues.

Lightsey 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 Spring, 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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