My Salon Scoop, LLC competes in new venture competition at the Whitney M. Young, Jr. Memorial Conference

For_Immediate_Release: February 22, 2010 --My Salon Scoop, LLC won the 2nd place prize last Saturday, February 20 at the New Venture Competition at the 36th Annual Whitney M. Young, Jr. Memorial Conference in Philadelphia, PA. The competition, sponsored by the African-American MBA Association at The Wharton School of the University of Pennsylvania, provides entrepreneurs of African descent the opportunity to win investment capital for early stage/start-up companies.

"The competition was a great opportunity to share and get feedback on my vision for My Salon Scoop," said V. Woods, CEO and Founder of My Salon Scoop. "The financial assistance will help us continue to make enhancements to the Web site and develop new services to help hairstylists that cater to African-American women clients."

Over 30 applicants, including The Wharton School alum Woods, entered the competition this year. The selection committee chose three finalists amongst the top full business plan submissions to present their pitches to a distinguished panel of judges at the conference.

About My Salon Scoop (http://mysalonscoop.com)

My Salon Scoop is the ultimate beauty matchmaker for women of color. Through its Web site, My Salon Scoop creates a virtual hair salon environment that connects hairstylists to clients and consumers to advertisers. Its online magazine has featured interviews with celebrity stylists, such as Diane Da Costa and Rukey Styles. Launched in April 2009, the Web site was born out of the collective frustration of the founder, V. Woods, and her friends about the trial-and-error process of finding a new hairstylist.

About the Whitney M. Young, Jr. Memorial Conference (http://wmyconference.com)

The Whitney M. Young, Jr. Memorial Conference is the largest student-run black business conference in the country. Since its founding in 1973, the African-American MBA Association at The Wharton School has worked to honor the contributions of civil rights leader Whitney M. Young through this conference. The conference draws students, alumni, educators, and business professionals from around the world to honor the legacy of Young to leverage economic and political systems to achieve progress.