Regus Opens New Center in the Northwest Quadrant of Richmond, Virginia

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New Regus business center ideally located in the Paragon Place Business Park; offers clients the opportunity to office in state-of-the-art, fully furnished facility at affordable prices

DALLAS, Oct. 22 /PRNewswire/ — The Regus Group (LSE: RGU), the world’s largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced the opening of its newest business center in Richmond, Virginia in the Paragon Place Business Park. The new business center is located on the fourth floor of Two Paragon Place and features 61 offices, 118 workstations, one board room and one videoconferencing studio.

The center will hold a grand opening event on Tuesday, November 13, from 11:30 a.m. to 1:30 p.m. Several local dignitaries including members from the Chamber of Commerce and Henrico County Government will be in attendance. Members of the media are invited to attend the event and take a tour of the state-of-the-art facility.

The Regus Two Paragon Place business center is located right off of Interstate 64, Glenside Drive and Broad Street, just minutes from downtown Richmond. The convenient location offers Regus clients easy accessibility to Interstates 64, 95, and I-195 (Downtown Expressway). Regus’ newest Richmond business center is located in a “Class-A” building that features several amenities including a full-service restaurant, an on-site conference facility, and numerous retail shopping outlets. In addition, there are several restaurants and hotels within minutes of the Two Paragon Place Business Park.

“Our Two Paragon Place business center is ideally located in a beautiful business park and offers our clients the ability to office in a prestigious building that is in close proximity to downtown and the airport,” said, Donna Scott, Regional Vice President for Regus. “Regardless of whether our clients are entrepreneurs or small-to-medium sized businesses who work with the government, pharmaceutical or financial services companies, we’re confident that we have the workplace solutions to fit their specific needs.”

One Richmond area business that is already benefiting from Regus’ services is CounterStorm, LLC, a leading provider of automated threat detection and mitigation software for security and infrastructure organizations, as well as government and commercial end-users. Cliff Gregory, who is President of CounterStorm, says that as a start-up, Regus allows his company to be smart about their real estate investments.

“We didn’t want to burn through our venture capital funding by committing to long-term leases and incurring other costs that usually come with leasing traditional office space,” said Gregory. “Regus allows us to keep our leasing costs down, while we grow our business. Additionally, we’ll likely soon be opening a remote sales office in Washington D.C. to be closer to our customers and I’ll probably use a Regus facility for that office as well.”

Gregory added, “I was really impressed with the speed at which Regus was able to assist us with our office needs. I walked into the Regus office and an hour later one of their representatives had secured the space I needed — space that would accommodate me and my team of 12 employees. The Regus center’s location is an added benefit. Most of my staff live in the Midlothian area so with our office being located here, they don’t have to commute into downtown and we’re still centrally located to most of our clients.”

Every day Regus provides flexible, cost-effective workplace solutions and services to more than 200,000 clients worldwide. Whether using a fully furnished office, a virtual office that provides clients with a local business address, meeting rooms or videoconferencing facilities, businesses working with Regus are able to establish an immediate presence at prime locations such as the Two Paragon Place business center.

Regus offers its clients a number of benefits including: the freedom to grow, downsize, or expand their business to another geographic location with minimal disruption; simple, one-page contracts; one, fixed monthly price, that includes everything they need to run their business; state-of-the-art IT; and a global network of more than 950 locations that allow members unlimited access to Regus business lounges worldwide.

All Regus clients have high-speed Internet access and digital telephone service managed by a highly trained IT support team. Regus also offers clients a wide range of on-site business services, including administrative support. Clients also have the option to use the center’s meeting rooms, videoconferencing studios and business lounge.

About The Regus Group

The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it’s from home, on the road or from an office.

Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group, allowing them to focus on their core business.

Over 200,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.

For more information, visit http://www.regus.com.

SOURCE The Regus Group

© 2007 PR Newswire. All Rights Reserved.

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