Contact: Allison Benner, College Relations Associate - Media, 610-740-3790

National Penn Bank is the Sponsor of This Year's Free Presentation

Allentown, PA (February 14, 2005) - Sandy Solmon, founder, President and CEO of Reading-based Sweet Street Desserts, will reflect on how she turned a one-person cookie business housed in her garage into the largest producer of gourmet desserts in the United States at Cedar Crest College's Fourth Annual Women in Business Lecture and Award on Wednesday, March 2 at 7:00 p.m. in the Samuels Theatre. The 2005 Cedar Crest College Women in Business Award Presentation and Lecture is sponsored by National Penn Bank.

Sandy Solmon, a graduate of the University of California at Berkeley, founded Sweet Street Desserts in 1979 by making big chocolate chip cookies for convenience stores from her two-bay garage. Today, her company is the largest manufacturer of frozen gourmet desserts in North America. Servicing over 750 distributors nationally and internationally, and providing proprietary items for chain restaurants, coffeehouses, universities and hotels, Sweet Street Desserts, produces over 60,000 cases of desserts each week. The company, a certified Woman Owned Business, was even awarded the first ever copyrights recognizing the design of food products.

As her company's product line and distribution continues to grow, Solmon also focuses on creating an exciting and diverse work environment focused on innovation and quality. She personally oversees Sweet Street's Research and Development Department. Solmon also emphasizes Sweet Street's dedication to education and to its most important resource - people. The company provides an array of programs that encourage ongoing education and development of its employee base - from skills training, language programs and supervisory education to a scholarship program to encourage the continuing education of employees' children.

Solmon is a former recipient of the Entrepreneur of the Year Award by Inc. Magazine. She was recently awarded The Berks County Chamber of Commerce Large Business of the Year Award and received the Chamber's Large Manufacturer Leader of the Year Award in 1998. Solmon is a member of several nationally recognized business and foodservice organizations and is active in her local community serving on the boards of the Reading Public Museum, the Reading Educational Committee, Albright College and the Jewish Federation of Reading.

In receiving the Cedar Crest College Women in Business Award, Solmon joins a distinguished group of past honorees including Susan Hunt, publisher and Chief Executive Officer of "The Morning Call," Ruth Spira, executive vice president of Lutron Electronics, and Lisa Jane Scheller, president and CEO of Silberline Manufacturing Company, Inc.

About National Penn Bank

National Penn Bancshares, Inc. is a $4.3 billion financial services company with a 131 year history serving the people and businesses of southeastern Pennsylvania. The company operates 73 banking offices, as well as business centers and mortgage, insurance, investment and equipment leasing affiliates.

National Penn has been recognized as one of the Best Places to Work in Pennsylvania for three years in a row, and was ranked one of "America's Finest Companies" by the Staton Institute for achieving at least 10 consecutive years of increased earnings and dividends. National Penn Bank was ranked among the top 100 SBA lenders in the United States.

For more information on National Penn, visit our Web site at www.natpennbank.com.

Admission to the Fourth Annual Women in Business Lecture is free but tickets are required. For tickets or more information, please contact the College's Special Events Hotline at 610-740-3791.


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