April 20, 2006

TechTown Board of Directors expands from coast to coast

\"\"(Detroit) April 19, 2006—The Board of Directors of TechTown, Detroit’s only research and technology park, has selected four distinguished new members. Doug Rothwell, Kwame Kenyatta, Michael Klass and Mitchell Wonboy attend their first board meeting on April 20.

Klass and Wonboy are the first board members based outside Michigan. “The key is taking this organization to a national level,” says Richard Bernstein, a TechTown board member. “Our new members idealize the ingenuity found within TechTown. They are bringing in spirit, energy, enthusiasm and vitality, which is not only going to help transform TechTown, but the entire region.”

The new TechTown board members are:

• Entrepreneur Michael Klass, co-founder of MD Synergy, a California-based healthcare information technology company that focuses on integrating providers and payers through the Internet. Klass is also an investment manager with Second Southern Corporation and Ginarra Partners in Los Angeles.

• Mitchell Wonboy, executive director of Global Fixed Income Derivatives for Union Bank of Switzerland. He works out of the investment bank’s office in Stamford, Connecticut. Prior to that position, Wonboy was a vice president at JP Morgan Securities in New York.

• Kwame Kenyatta, a Detroit City Council member elected in November 2005. From 2003 to 2005, he served as a Seventh District Wayne County Commissioner. He has also held the position of vice president of the Detroit Board of Education.

• Doug Rothwell, president of Detroit Renaissance, a private, nonprofit organization promoting regional economic development led by local corporate executives. Previously, Rothwell served as executive director of Worldwide Real Estate for General Motors and president and CEO of the Michigan Economic Development Corporation.

“We are seeing increasing national interest in and support for TechTown’s job creation, industry diversification and neighborhood development efforts,” says TechTown Executive Director Howard Bell. “Our expanded board will undoubtedly spur tremendous momentum.”

On April 20, for the first time the Board of Directors will convene on TechOne’s fourth floor, the most recent renovation project in TechTown’s first incubator building. The Perinatology Research Branch, a division of the Maryland-based National Institute of Child Health and Human Development, will lease approximately 40 percent of the 20,000-square-foot floor.

TechTown empowers entrepreneurs to build successful technology businesses that improve the quality of life for people across the country and around the world. At TechTown, we provide the support and access to capital needed to build high tech companies in Detroit.

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