Wells Fargo, National Black MBA Association Honor Distinguished African American Entrepreneur
Orlando, Fla — September 14, 2007
Wells Fargo & Company (NYSE: WFC) and the National Black MBA Association (NBMBAA) today will award the first-ever NBMBAA/Wells Fargo Entrepreneur Excellence Award to Corey Bell, CEO and co-founder of TriFusion, at the 29th Annual NBMBAA Conference in Orlando, Fla. Based in Round Rock, Texas, TriFusion provides PC, server and software solutions to companies of all sizes, and in only four years, the company has grown into a successful small business with more than 150 employees and hundreds of customers. Bell, who was recognized for his vision, leadership, innovation and perseverance, is involved in community outreach, supporting the Texas Baptist Children’s Home, the United Way and Habitat for Humanity. His personal commitment to his family has served as an inspiration to many — at the age of 28, after his parents’ death, he became guardian to (and helped raise) eight of his 12 younger siblings. His extraordinary story has led to appearances on “The Oprah Winfrey Show” and “Good Morning America,” and in People magazine. “I owe my accomplishments and success to my church, my family and my business,” says Bell, whose award included a trophy and a prize package valued at $5,000. “I’m honored to receive this award, and hope the accomplishments of TriFusion demonstrate the strength and contribution of African American business owners in our communities.” “Corey Bell is the epitome of a new generation of African Americans who are thriving and creating their own box,” said Barbara L. Thomas, president and CEO of the NBMBAA. “He represents the vibrancy, innovation and passion found in our community. We are pleased to offer him access to our unique coaching and professional development programs, which will enable him to continue building social, financial, personal and professional wealth in Austin and beyond.” The NBMBAA and Wells Fargo introduced the Entrepreneur Excellence Award this year to honor the extraordinary achievements of African American business owners, selecting Bell from a pool of nationwide applicants. He was nominated by Belinda Matingou, president of the Austin NBMBAA chapter, who received a plaque and prize for her nomination. In addition, the Austin NBMBAA chapter will receive a $5,000 check to further support its African American entrepreneurial initiatives. “Corey Bell reflects the strength of African American-owned businesses in America and is a great example of how perseverance and commitment will lead to success,” says Brenda Ross-Dulan, regional president of the Wells Fargo Los Angeles Crossroads Division, and national spokesperson for Wells Fargo’s African American Business Services program. “We are honored to recognize his personal and business achievements with this award.” About National Black MBA AssociationEstablished in 1970, the National Black MBA Association (NBMBAA) is dedicated to creating partnerships that result in increased intellectual and economic wealth in the black community through its five channels of engagement: education, career, leadership, entrepreneurship and lifestyle. With 40+ chapters, a membership base of more than 6,000, and over 400 corporate partners, the NBMBAA provides access to its constituents through services such as the Annual NBMBAA Conference, Local Empowerment Initiatives and other programs. The NBMBAA Conference is the nation’s largest professional African American exposition of its kind. To learn more about the NBMBAA, please visit http://www.nbmbaa.org. About Wells Fargo Wells Fargo & Company is a diversified financial services company with $540 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody’s Investors Service, "Aaa,” and Standard & Poor’s Ratings Services, “AAA.” Providing financial products and services to more than one and a half million businesses with annual sales up to $20 million in all 50 states, Puerto Rico and Canada, Wells Fargo is America’s #1 small business lender in total dollar volume according to the most recent Community Reinvestment Act (CRA) data (2005). The second largest national Small Business Administration (SBA) lender in dollars, Wells Fargo is an SBA Preferred Lender in 28 states and the District of Columbia, and originated 4,937 loans for $578 million in 2006. Its diverse business services programs provide outreach and education to women, African American, Latino, and Asian business owners about financial services. Since 1995, Wells Fargo has loaned more than $33 billion to women and diverse business owners. For more information, please visit www.wellsfargo.com/biz.