Contact: Richard Butterfield

PS Executive Centers, Inc.

1991 Crocker Road #600

Cleveland, OH 44145

Phone 440 892 3300

Fax 440 892 3389

«CONTACT»

PS Executive Centers

Press Release

PS Executive Centers adds three new facilities

New Centers in Cincinnati, Tampa and Orlando

Cleveland, May 15, 2002:  PS Executive Centers based in Westlake, Ohio, one of the nation’s largest independent operators of office business centers, will open three new facilities in July.  These centers will offer broadband Internet services, state-of-the-art telecommunications, virtual and turnkey workstations, furnished offices and team rooms as well as on-demand administrative support by a team of friendly and helpful professionals.

This brings the total number of PS Executive Centers to eleven:

·     Cleveland:          Beachwood, Independence (2), and Westlake

·     Columbus:          Dublin, Easton Town Center, and Worthington

·     Cincinnati:          Mason

·     Indianapolis:          Woodfield Crossing

·     Orlando:          Lake Mary

·     Tampa:          I-75 corridor

Each PS Executive Center consists of 45 to 75 furnished executive suites, a common reception area, conference room and meeting facilities.  There are three different types of executive suites:

·     Individual offices for one to three people depending on size

·     Team rooms which may be configured for 4 to 8 people, and

·      Virtual Offices designed for traveling or home-based executives.


In today’s uncertain business climate, traditional lease arrangements are simply too inflexible.  At a PS Executive Center, clients can rent by the hour, day or month.  This allows our clients to explore non-conventional office alternatives that are faster, better and more economical.

For the home-based or traveling executive, a modest monthly fee allows clients to take advantage of a corporate address, professional telephone answering services, call screening and access to offices, conference facilities and meeting rooms as and when needed.

Each PS client is supported by a capable company receptionist and a staff with access to the latest word processing and desktop publishing technology and a comprehensive array of telecommunications and business support services.  PS clients also enjoy free membership of the Access Workplaces™ program, which provides eight hours of complimentary conference room or model office usage at over 360 affiliate locations worldwide.

“The new PS facilities will be coming on stream at the perfect time,” says Richard Butterfield, Vice President of Marketing.  “There is already a growing demand for executive suites in our markets, and we are excited at the prospect of having the space which will be needed as the economy moves into the recovery phase.”

As the network expands, PS benefits from economies of scale, and the added ability to grow with clients who operate regionally and desire to open sales offices in multiple locations.  Says Butterfield: “Many of our clients are rapidly expanding Fortune 1000 companies.  They recognize the efficiencies of an environment where office costs are shared among tenants, and appreciate the flexibility and greatly reduced financial commitment because there is no lease to sign.”

PS Executive Centers was founded by Jerry Single and Richard Butterfield in 1986.  With extensive computer industry backgrounds, they believed an opportunity existed for a new executive suite company that could combine technological superiority with solid sales and marketing strength.  By 1997, the company had grown at an annual compounded rate in excess of 25% and joined the Weatherhead 100 list of outstanding growth companies awarded by Case Western Reserve University.  PS will now have over 720 offices in 11 centers located in Ohio, Indiana and Florida.  The company plans to expand to 15 centers by 2006.

More information about the company may be found at http://www.psoffices.com/home.htm