TECHSPACE ANNOUNCES NEW CEO

TECHSPACE ANNOUNCES NEW CEO

Victor Memenas Promoted to Chief Executive Officer

Aliso Viejo, CA – October 3, 2011 – (RealEstateRama) — TechSpace Holding Co., the nation’s leading provider of flexible, on-demand, “alternative office space” and integrated technology services, today announced that Victor Memenas has been named chief executive officer. Mr. Memenas’ promotion comes as former CEO, James “Watty” Watson, steps aside in order to focus his full attention on CT Realty Investors where he serves as CEO and president. Watson co-founded TechSpace (www.techspace.com) and serves on the TechSpace Board of Directors as chairman.

“We’re thrilled to have Vic take the helm of TechSpace and guide the company to its next stage of growth on the West Coast and in New York,” Watson said. “His experience and proven track record as chief operating officer of the company will allow him to execute a long-term, strategic plan to expand the company and provide proper stewardship of the business for our many clients, shareholders and employees on both coasts.”

TechSpace, a market leader in providing flexible real estate and technology solutions to small and medium-sized businesses, is designed to meet the specific needs of growing companies, startups and mobile staffers. The non-traditional, contemporary workspace boasts a number of unique elements that allow companies to preserve capital and keep overhead to a minimum while focusing on enhancing their core competencies and growing their businesses. TechSpace supports its national client base from its wholly-owned Tier 1 data center in Orange County, Calif.

“I am excited to have the opportunity to lead TechSpace,” Memenas said. “We have spent considerable time developing a platform that delivers great value to our customers and is well positioned for growth in this ever-changing marketplace. My goals will be to build on these strengths, expand our great partnerships and continue to provide excellent service to our strong client base.”

Memenas held various positions with TechSpace, most recently COO. During his tenure he has expanded TechSpace’s footprint in both Los Angeles and New York through new site development and strategic acquisition. He is a graduate of Michigan State University and holds a MBA from Wayne State University.

About TechSpace:

With multiple facilities across the United States – including three New York locations, as well as facilities in Orange County, Calif., and Los Angeles – TechSpace’s unique outsourcing platform for companies combines flexible workspace options with completely integrated state-of-the-art technology and business services. This “alternative office space” formula preserves capital and keeps overhead to a minimum, creating and ideal solution for small- to mid-sized companies, especially during today’s unpredictable economic times. Scalable terms allow room for upsizing or downsizing as necessary without the high cost of moving, including everything from workstation furniture, advanced voice and data telecommunications, IT infrastructure, reception services and office supplies. Utilizing this platform companies are free to concentrate on enhancing their core competencies and more effectively managing their businesses. For more information, visit www.techspace.com.

Contact:

Zenobia Noor
949-389-5645

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