RHODE ISLAND ECONOMIC DEVELOPMENT CORPORATION

Forensic Risk Alliance Leases Full Floor in Providence's iBuilding  April 22, 2008

“iBuilding” location provides power and fiber needed for efficient business operations, joins Providence's thriving downtown technology community

Forensic Risk Alliance (FRA), a leading international provider of forensic investigation and litigation support services with offices in New York and London, has entered into a lease agreement to relocate their US Headquarters to the “iBuilding” at 170 Westminster Street in Downtown Providence during the summer of 2008.

“We’re very excited to be a part of the buzz surrounding Downtown Providence’s thriving technology community,” said Frances McLeod, one of the co-founders of FRA. “The vibrancy of the downtown area, the ability to connect with high speed utilities and the abundance of an educated work force are the main reasons why we chose to be in the heart of the city and plays directly into our growth and recruitment strategies.”

“We looked at every available property in the Greater Providence market and after running several financial models and considering the cost-benefits scenarios we came to the conclusion that being in the heart of Downtown was the most important factor for FRA,” said Matt Fair of Hayes & Sherry Real Estate Services who represented FRA in their property search.

“The ‘iBuilding’ was a great opportunity for us. It has the image we are looking for and a technology minded landlord who can work with our unique requirements,” said Greg Mason, another of FRA’s founders and Global IT Head. “We are very much focused on IT and being at the forefront of industry developments. The data and power service available at our current facility doesn’t have the required bandwidth to keep up with our substantial processing capabilities.”

Daniel Baudouin, Executive Director of The Providence Foundation, said today that “The Providence Foundation and the Downtown Improvement District welcome Forensic Risk Alliance to Downtown Providence. FRA is the type of Information Technology Company that can thrive in Downtown due to its high speed data and power infrastructure, central location, services and amenities. We congratulate FRA on the growth of their business and congratulate the owners of 170 Westminster Street, the new ‘iBuilding’ in Downtown.”

“FRA will be a wonderful addition to the ‘iBuilding’ and we look forward to working with them closely to make sure all of their unique IT requirements are met,” said Gary Brandeis, managing director of FB Capital Partners who purchased the building last summer and have repositioned the property to their “iBuilding” platform. “FRA’s commitment has re-affirmed our business plan and shows that tenants are increasingly demanding more from their office building than just electricity and HVAC. They need increased power and data speed, secure server rooms with fire suppression and supplemental cooling systems, and a Landlord who understands the technology.”

When FRA takes occupancy in mid-summer 08’ they will occupy the entire 2nd Floor of the “iBuilding” which was originally the executive offices for the Union Trust Bank when the building was constructed in 1902 as the tallest sky scraper in New England. Much of the ornate detail of the space has been preserved including the intricate wrought iron balcony railings, the oversized hand crafted arch windows, and the original wood floored and crown molded conference room. “Our architects have designed the space to showcase its historical features, which will be fully restored during the build-out process,” said Gary Brandeis.

About Forensic Risk Alliance
Forensic Risk Alliance (FRA) is an industry leading forensic accounting, investigation, and litigation support firm established in 1999 with offices in the USA and the UK whose core principle is to deliver leading edge forensic analysis, underpinned by innovative IT solutions. FRA services include E-discovery (collection, processing and hosting), financial analysis of legal disputes and expert testimony in support of many of the nation’s leading law firms and their multinational clients. FRA comprises forensic accountants, former investment bankers, IT programmers, financial analysts and legal project managers. Recently FRA has been involved with the international investigation of the UN’s Oil-for-Food program, Holocaust litigations resulting in more than U.S. $6 billion of compensation, and many others. For more information visit www.forensicrisk.com