Executive Suite Company, PowerSPACE & Services, to Open First Green Furnished Office Center in Manhattan

October 31, 2008

The new green office space is scheduled to open January 1, 2009 at the esteemed 1 Penn Plaza NEW YORK--(BUSINESS WIRE)--PowerSPACE & Services, a provider of first-class executive suites, is proud to announce the first green furnished office center, scheduled to open at the prestigious Manhattan location 1 Penn Plaza on January 1, 2009. PowerSPACE & Services, a Vornado Realty Trust company, offers furnished offices to rent by the month or year, and conference rooms and board rooms to rent on an hourly, daily or weekly basis. The 1 Penn Plaza office space is built with renewable and sustainable products. From the material on the chairs at reception to the energy efficient automatic sensor controls in the office lighting and solar window film, PowerSPACE One Penn has made a commitment to improving the environment. Reducing waste generation and ensuring proper recycling of materials is also a key component of the new green office space. The facility will recycle all types of paper, cardboard, fluorescent bulbs and electronic equipment. In addition, there will be recycling of glass, metal and plastic. PowerSPACE Penn Plaza is committed to lowering electricity consumption and water usage, reducing carbon dioxide emissions and providing cleaner indoor air. The 1 Penn Plaza executive suites services will include: Fully staffed offices with dedicated, courteous and experienced support personnel Private, furnished individual offices or group rooms for up to 8 people Flexible terms - lease by the day, month or year Professionally decorated reception areas, offices and suites Access to fully-wired conference rooms with state-of-the-art AV equipment Mail delivery to individuals offices, plus access to complete postal/package handling services Access to high-volume, networked copiers Café with complete facilities Fully-featured VOIP systems and 24-hour voicemail Utilities, cleaning and maintenance included Extended hours of air conditioning available in group rooms Word processing, faxing, courier services, travel services, and office supplies available upon request

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