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MEDA’s First-ever Entrepreneurial Hall of Fame Award Presented to Shaw-Lundquist Associates, Inc.

Golden Valley, Minnesota, Wednesday, June 1, 2005 -- Shaw-Lundquist Associates, General Contractors specializing in Educational, Medical, Multifamily and Retail construction, was honored today as MEDA’s inaugural Entrepreneurial Hall of Fame inductee. This award is presented to recognize a minority company that has exemplified the spirit and journey of entrepreneurship over the years. In accepting the award on the company’s behalf, Fred Shaw recognized the hard work, ingenuity and loyalty of the Shaw-Lundquist team as well as the leadership of his son Hoyt Hsiao in bringing the company to the next level. He also acknowledged Lyle Lundquist, who was “...a good friend, kindred spirit, and trusted partner.”

About Shaw-Lundquist Associates, Inc.
Shaw-Lundquist is a Leading General Contractor in the Metro Area. They are also the largest Minority-owned Contractor in the Midwest and are the largest Asian-owned Contractor in the Nation. They provide General Construction, Construction Management at Risk, Agency Construction Management and Design-Build construction services, and are proven performers on large and complex projects. Started in 1974 by Fred Shaw, the company has grown to over $80 million in revenues in fiscal 2005. For more information, visit www.shawlundquist.com.