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Technology Stocks : thcg -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (323)	9/18/2000 9:00:22 AM
From: Sarkie	Read Replies (1) \| Respond to of 336

THCG Announces Expansion of Its US-based Operations -- New Worldwide Headquarters Scheduled To Be Operational By October 1, 2000 ================================================================ NEW YORK--(BUSINESS WIRE)--Sept. 18, 2000--THCG, Inc. (NASDAQ/NM:THCG), a leading architect and builder of global Internet and technology enterprises, today announced that in order to accommodate its significant growth, the Company has commenced relocating and combining its two New York offices: the corporate headquarters, formerly located at 650 Madison Avenue, and its venture development offices, currently located at 105 Madison Avenue. The new approximately 28,000 sq. ft. THCG, Inc. World Headquarters facility will be located at 512 Seventh Avenue and will be fully operational on October 1, 2000. In light of THCG's global growth initiatives, the new World Headquarters provides resources for even greater expansion of THCG's V3 service offerings. These resources include new operational space for partner companies in the development phase. Now these start-ups will have on site access to the highest quality support and guidance from the THCG V3 staff, a service that was not previously available. Moreover, management feels that the consolidation of its US-based operations into one facility will promote more streamlined and efficient operations as well as enhanced internal communications. "Capacity issues have been obstacles in our path to achieving more rapid growth until now. After having spent countless hours with architects and consultants on the corporate relocation project to design our facility with functionality and productivity in mind, I believe we have achieved efficiencies and added resources that will enable us to truly work in `e-time,' as the THCG motto suggests," stated Evan Marks, Chief Operating Officer. "This will be the first time that our corporate officers, venture development managers and investment bankers will be together under one roof. In addition, we will have space for several of our partner companies to establish an initial New York City presence within our facility."