Premier Business Centers Names a New Chief Financial Officer

William A. Gutierrez has been named Premier Business Centers’ new CFO

IRVINE, Calif., Feb. 12, 2009 — On January 26, 2009, Premier Business Centers announced William “Willie” Gutierrez as their new Chief Financial Officer. Mr. Gutierrez will be responsible for establishing and maintaining the company’s financial policies and procedures and overseeing all accounting functions including accounts payable, accounts receivable, cash management, budgeting, insurance and taxes. In addition, Mr. Gutierrez will be responsible for exploring and developing new profit centers for the company, including the establishment of a third-party, fee-based property management business.

Mr. Gutierrez is a certified public accountant (CPA). He has an undergraduate degree in business from University of Redlands, a Master’s in Business Administration (MBA) from Biola University and 29 years of experience in commercial real estate and accounting. For the past nine years Mr. Gutierrez was a Vice President with Merrill Lynch, responsible for the disposition of all excess office space throughout the country and handling a real estate portfolio of over 200 offices; responsibilities included planning, strategy, relocation, renewal for each office in the portfolio which covers the West Coast to the Mid Western States. Mr. Gutierrez’ other prior employment includes 3 years as a commercial real estate broker for Lynx Retail and 10 years at Weyerhaeuser Financial Investments, where he held three positions. Mr. Gutierrez started at Weyerhaeuser as Assistant Vice President, Foreclosures, supervising more than 50 people, until he was promoted to Vice President, Real Estate Development. After several years, he was promoted again at Weyerhaeuser to Chief Financial Officer and Treasurer of their business operations in Mexico City. Willie also worked for 4 years at the predecessor to PricewaterhouseCoopers as an audit supervisor.

“We are excited to have Willie join our team,” said Premier Business Centers’ Chief Executive Officer Jeff Reinstein. Mr. Reinstein also said that he believes “Willie’s significant experience on both the landlord and tenant side of the commercial real estate business will have a positive impact on Premier’s growth strategies and bottom line.”

Premier Business Centers offers office space and conference rooms by the hour, day, week, month or year. Offices can be rented for as little as $300 per month and can be rented unfurnished or fully furnished with mahogany desks, leather chairs, executive desk accessories and more. Each location is completely equipped with a telephone, high-speed Internet access, fax machines, copy machines and office supplies.

Premier Business Centers currently accommodates thousands of clients nationwide, including many Fortune 1000 companies. Reinstein says that clients appreciate the personalized experience provided by PBC. “We look at each client’s specific situation and work to create the right office solutions for them by offering flexible terms and the ability to choose from among a wide-range of services to suit their individual needs. Our clients are treated as entrepreneurs. We enable them to operate their facility as if it were their own.”

In addition to its full-time and part-time office-space rentals, Premier Business Centers offers a popular “virtual office” service. PBC’s basic virtual office plans provide entrepreneurs and small businesses with a prestigious business address and a place to meet clients; all mail is collected for them as well. Other levels of the virtual office service include the addition of a personalized answering service with voicemail and sixteen hours of office or conference room use.

About Premier Business Centers:

Premier Business Centers (http://www.pbcenters.com) currently operates the largest privately owned executive suite operation in the United States, with a total of forty-six locations (17 in Los Angeles County [http://www.pbcenters.com/locations/california/los-angeles-county/], 17 in Orange County [http://www.pbcenters.com/locations/california/orange-county/], 3 in San Diego County [http://www.pbcenters.com/locations/california/san-diego-county/], 2 in San Francisco County [http://www.pbcenters.com/locations/california/san-francisco-county/], 3 in the Seattle, WA [http://www.pbcenters.com/locations/washington/] area, and 4 in the Dallas, TX [http://www.pbcenters.com/locations/texas/] area). Premier Business Centers is a full-service executive office suite operator that provides businesses with professionally staffed office space and a variety of shared services, including administrative/secretarial service, T1 high-speed Internet access, telephone service, furniture, information technology services/consulting, and conference rooms. Premier Business Centers rents space by the day, month or year on a full- or part-time basis.

For additional information, please contact:

Jeff Reinstein, Chief Executive Officer
Premier Business Centers
2102 Business Center Drive
Irvine, CA 92612
949-253-4130 Voice
949-253-4151 Fax

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