Wells Fargo and US Pan Asian American Chamber of Commerce Education Foundation Recognize Three Innovative Asian-Owned Businesses with National Award

The nation’s leading small business lender celebrates the success of Asian business owners

SAN FRANCISCO - May 19, 2010

Wells Fargo & Company (NYSE: WFC), the nation’s leading lender to small businesses, and the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) will honor three Asian business owners with the 7th annual USPAACC/Wells Fargo Asian Business Leadership Award, recognizing their innovation, vision, success and community contributions. The winners will each receive a $5,000 cash prize and be honored at the USPAACC 25th Anniversary CelebrAsian Business Opportunity Conference in Washington D.C., May 25-27, 2010.

The 2010 winners, selected from across the nation, are:

  • San Diego, Calif.-based MBN Group Architects – President Minh T. Nguyen
  • Parsippany, N.J.-based Tronex International, Inc. – President Mr. Donald Chu
  • Carson, Calif.-based VNSM – Owner Lilly Chang

“The recent economic difficulties have forced business leaders to re-evaluate their strategies for growing and gaining market share,” said Patrick Yalung, Wells Fargo Regional President in the state of Washington and national spokesperson for Wells Fargo’s Asian Business Services program. “This year’s award winners show that many strong business leaders survived and some thrived, despite a downturn in the business cycle. We’re particularly pleased to highlight their unwavering passion and commitment to servicing customers and delivering quality work that makes them leaders in their industries and communities.”

In 2002, Wells Fargo established the Asian Business Services program as a way to connect Asian business owners to the financial information and resources they need to reach their financial goals. Wells Fargo demonstrates its commitment with a public goal to lend $5 billion to Asian-owned businesses by the end of 2013. The company has loaned close to $3.2 billion to Asian business owners nationwide since 2002.

MBN Group Architects, based in San Diego, Calif., provides architectural engineering services from feasibility study and planning to construction support. Established in 2004, the company is focused on bringing the practical and personal sides of architecture to the industry through quality work and understanding the needs of their clients. President Minh T. Nguyen, who immigrated to the United States in 1975 as a Vietnam War refugee and went on to graduate from the University of California at Berkeley with an architecture degree, will be honored.

Tronex International, Inc., based in Parsippany, N.J., is a national and international marketing company and leading provider of quality cross-contamination control and infection prevention solutions serving the healthcare, food service, hospitality, manufacturing, janitorial/sanitary and government industries. Established in 1989, the company consists of over 70 employees in the United States and has received numerous awards for their outstanding supplier reputation and sound business practices. President and CEO Mr. Donald Chu will be honored.

VNSM, based in Carson, Calif., is an established sheet metal subcontractor providing sheet metal services for medium- and large-scale commercial, industrial and infrastructure projects. Established in 1934, the company’s success is driven by a reputation built on quality, integrity and responsibility. Owner Lilly Chang, who introduced modern management tools and techniques into the family-owned business and identified new paths to growth, will be honored.

"This year’s winners truly exemplify the dedication, innovation and perseverance that propel entrepreneurs to achieve business success and realize their American dream," said Susan Au Allen, USPAACC National President & CEO. "As award winners, these business owners serve as role models to their peers and their communities.”

About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.

Wells Fargo is America’s #1 small business lender (2008 Community Reinvestment Act government data) and a leading lender to women- and diverse-owned businesses. Through its award-winning online advice library of business resources, including topical videos and webcasts, Wells Fargo provides business owners with timely advice and information to help them succeed financially. For more information, speak with a Wells Fargo banker, visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS.

US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) was formed in 1984 as a national, non-profit organization representing all Asian Americans and Asian American-related groups in business. Headquartered in Washington D.C., USPAACC Education Foundation has a nationwide presence through its seven regional chapters in Northern and Southern California, New York, Texas, Georgia, Illinois and Washington DC-Virginia-Maryland in the National Capital Area.

Core to USPAACC’s mission is to promote and propel economic growth by opening doors to educational, professional, and contract opportunities to Asian Pacific Americans and their business partners in corporate America, the federal, state, and local agencies, and the small and minority communities. USPAACC also partners with major corporations and government agencies to provide seminars for executives and managers on a variety of topics, including the challenges and rewards of living, working and doing business in a multicultural and multi-ethnic America.