RCC Contact: Colby Walton
972-580-0662 x23
colby@cookseypr.com

FOR IMMEDIATE RELEASE

TEXAS-ISRAEL CHAMBER OF COMMERCE OPENS IN RICHARDSON
Richardson Chamber Providing Office Space In STARTech Early Ventures Complex

RICHARDSON, Texas – September 25, 2007 – The Texas-Israel Chamber of Commerce, a
nonprofit business organization created by the Texas Governor’s office and the Israel-America
Chamber of Commerce to promote trade between the Lone Star State and the Middle Eastern
nation, today announced plans to open its headquarters in the STARTech Early Ventures complex
in Richardson, Texas.

Selection of the STARTech site, which was provided free-of-charge by the Richardson
Chamber of Commerce, situates the organization in the heart of Telecom Corridor® business
activity – and amongst a high concentration of technology-related companies. STARTech is a
business incubator for technology-based enterprise in the Southwestern United States, primarily
Texas.

“The formation of the Texas-Israel Chamber of Commerce is the result of widespread
recognition of the enormous potential for Texas-Israel partnerships across many industries,” said
Russell Levine, president and CEO of the Texas-Israel Chamber of Commerce. “The Texas-
Israel Chamber of Commerce will play a critical role in forging ties between these two great
sources of innovation.”

Due largely to the U.S.-Israeli Free Trade Area Agreement, trade between Israel and
Texas has seen rapid growth in such industries as computer-related hardware and software,
biomedical products, electronic data transmission, telecom, cable television and defense products.
To continue such growth, the Texas-Israeli Chamber will provide member companies with
informational tools, networking events, introductions to potential business partners, assistance
with government relations and other benefits.

“On behalf of the Richardson Chamber of Commerce, we are pleased to have the
opportunity to assist and help bring the Texas-Israel Chamber of Commerce to Richardson,” said
Richard Ramey, chairman of the Richardson Chamber of Commerce and regional president of
Legacy Texas Bank. “We look forward to working with Russell and the organization to foster
business and technology relationships between Richardson and Israeli technology companies.
We feel there is a tremendous amount of synergy to be had between the technology base in this
area and that in Israel.”

“We are excited to welcome the Texas-Israel Chamber as a critical conduit to enhance the
groundbreaking, global activity that takes place in the Telecom Corridor® every day,” said Steve
Mitchell, Mayor of Richardson. “We take pride in housing the Texas-Israel Chamber in the
STARTech facility, which serves as a launching pad for cutting-edge technology ventures while
also attracting other critical investments and organizations, such as this internationally oriented
Chamber, to our community. The Texas-Israel Chamber adds to our arsenal of resources for
supporting further growth and development, and it strengthens Richardson’s position as a world
leader in the high-tech sector.”

Today’s announcement comes on the heels of other significant activity in Richardson’s
Telecom Corridor® area, including the recent announcement by MetroPCS of its planned
headquarters relocation to the city, the planned relocation of Blue Cross Blue Shield of Texas’
headquarters, the relocation of Yahoo!’s regional headquarters, the redevelopment of several
major retail centers along Belt Line Road and the commencement of new transit-oriented
development projects such as Eastside, The Venue and Centennial Park. Also, Granite Properties
recently announced plans to construct a second 150,000 square-foot office building at its Granite
190 Office Park in Richardson, and Hall Financial Group plans to develop a one-million squarefoot
office park at the southwest corner of the President George Bush Turnpike and Custer Road
in Richardson.

About the Richardson Chamber of Commerce

The Richardson Chamber of Commerce, which celebrated its 60th anniversary in 2006, was
founded in 1946 and is the 4th-oldest Chamber in the Dallas/Fort Worth Metroplex. The Chamber
today boasts more than 1,300 Richardson-area member companies. The major strengths of the
Richardson Chamber of Commerce include economic development, support of small businesses,
dissemination of business data, education and networking.