La Paz, November 11, 2005

BoliviaMall.com General Manager, Percy Prieto, received an award in the “Social Entrepreneur of the Year 2005” ceremony, in recognition for the social impact that results from BoliviaMall.com business model. BoliviaMall.com was selected as one for the five finalists in Bolivia by the prestigious “Schwab Foundation”.

According to the Schwab Foundation website social entrepreneurship is:

“ - About applying practical, innovative and sustainable approaches to benefit society in general, with an emphasis on those who are marginalized and poor.

- A term that captures a unique approach to economic and social problems, an approach that cuts across sectors and disciplines.

- grounded in certain values and processes that are common to each social entrepreneur, independent of whether his/ her area of focus has been education, health, welfare reform, human rights, workers' rights, environment, economic development, agriculture, etc., or whether the organizations they set up are non-profit or for-profit entities.

It is this approach that sets the social entrepreneur apart from the rest of the crowd of well-meaning people and organizations who dedicate their lives to social improvement.”

“ The Schwab Foundation for Social Entrepreneurship is a non-profit organization based in Geneva , Switzerland .

It was founded by Klaus Schwab and his wife Hilde in 1998 to highlight and encourage men, women and organizations dedicated to creating opportunities for others in directly productive ways.

Klaus Schwab is the President and Founder of the World Economic Forum in Geneva , Switzerland . The World Economic Forum is a global community of business, political, intellectual and other leaders of society committed to improving the state of the world through economic and social development.” (Schwab Foundation Website).

For more information on the “Schwab Foundation” and the “Social Entrepreneur of the Year Award” visit the “Schwab Foundation” website at:

http://www.schwabfound.org