Choyce Peterson Negotiates Pair of Long-Term Renewal Leases - Renaissance Capital to Occupy 6,000 sf at 2 Greenwich Plaza, Greenwich, CT Triple Point Technology Expands to 19,600 sf at 301 Riverside Ave, Westport

STAMFORD, CT. March 12, 2007 –Choyce Peterson, Inc, a tenants’ commercial real estate brokerage with offices in Stamford and White Plains, has renegotiated existing lease terms for Renaissance Capital and Triple Point Technology, Inc.  Renaissance Capital increased its occupancy from 4,700 to 6,000 square feet at 2 Greenwich Plaza, Greenwich.  Triple Point Technology will expand to 19,600 square feet at 301 Riverside Avenue in Westport from the 17,000 square feet it currently occupies.  Alan Peterson, Principal of Choyce Peterson, represented Renaissance Capital.  Mr. Peterson and John Hannigan, also a Principal of Choyce Peterson, represented Triple Point Technology.

“These two deals demonstrate that, contrary to concerns expressed by some tenants, retaining the services of a tenant representation firm to help renegotiate a lease will not only preserve a positive relationship with the landlord, but frequently will uncover opportunities that translate into major cost savings over the life of a lease,” Mr. Peterson observed.  “Commercial leases are complicated documents, and an experienced set of eyes can help sift through complex rights and obligations to identify opportunities to preserve working capital for the company.  An experienced tenant representative can also quantify acceptable alternatives and provide critical intelligence during negotiations,” he remarked.

“Engaging Choyce Peterson put us on an equal footing with our landlord during the renegotiation; they saved us money while helping us to preserve a cordial relationship with our landlord,” observed Kathleen Shelton Smith, Chairman of Renaissance Capital.  “I deal with complicated contracts on a daily basis, but a commercial lease is very specialized.  Alan brought experience and intelligence to the process.  He understood the complex restrictions of our master lease sublease clause, quantified opportunities for us to sublease, and managed negotiations with our landlord and other tenants that provided us with the best possible financial package while improving our long term opportunity to stay in Greenwich Plaza,” she said.

With Choyce Peterson’s help, Renaissance Capital successfully restructured its lease obligation, recapturing a portion of the space it had previously subleased, increasing the square footage occupied, and surrendering the remaining surplus space so that the landlord could enter into a direct deal with another tenant in the building.

“Triple Point Technology has been growing at a rapid pace for the last four years, and providing the optimal space for our expanding work force is important.  We worked with Choyce Peterson in the past and knew they would help us find the most economical deal when our lease came up for renewal,” said Paul D’Amico, Chief Operating Officer for Triple Point Technology.   “I was pleased with the amount of effort and information Alan and John were able to gather, enabling us to explore all of the possibilities and make sure we were taking the right space for the right price.  We were willing to relocate to get the best deal, and Alan and John helped us identify and quantify very acceptable alternatives.  In the end we circled back to our current location, and worked closely as a team with Choyce Peterson to strategize and execute a long-term lease with room to expand. I’m confident it’s a much better outcome than we could have achieved working on our own, and I give them high marks for negotiating with a high degree of integrity in the best interests of the tenants they represent,” he added.

Landlords were represented by Ed Tonnesen of Albert B. Ashforth, Inc. in the Renaissance Capital lease negotiation, and by Westport Riverside Real Estate, LLC in the Triple Point Technology lease negotiation.

About Renaissance Capital

Renaissance Capital, founded in 1991 and headquartered in Greenwich, CT, is the leading provider of independent research and investment management services focused on newly public companies.  Renaissance Capital provides independent IPO research to institutional investors through its ipointelligence.net research service and to individual investors through its ipohome.com web site. The firm manages the IPO Plus Fund (symbol:IPOSX), the only mutual fund focused solely on IPOs. For more information call 203-622-2978.

About Triple Point Technology, Inc.

Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, and freight. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.

About Choyce Peterson, Inc.

Founded in 1997, Choyce Peterson, Inc. is a commercial real estate brokerage firm that exclusively represents corporate tenants.  The firm, which has offices in Stamford and White Plains, has completed millions of square feet of tenant representation transactions in 42 states and Canada and earned a solid reputation for experience, integrity, effort and intelligence.  The Choyce Peterson process delivers creative, comprehensive, objective and actionable real estate solutions that ensure clients derive maximum value from their real estate decisions.  Choyce Peterson can be reached at (203) 356-9600 or (914) 422-5700, or visit its Web site at www.choycepeterson.com