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Open From American Express(R) and the Regus Group Launch Platinum Office Program

New program provides Business Platinum Card members complimentary access to over 950 Regus business lounges and savings on fully furnished and equipped offices worldwide

Company Release - 4/17/2007 8:00 AM ET

NEW YORK and DALLAS, April 17 /PRNewswire/ -- OPEN from American Express(R) and The Regus Group (LSE: RGU), the world's largest provider of workplace solutions for companies of any size, today announced the launch of the Platinum Office Program to equip Business Platinum Card members with flexible office space, services and technology to help them stay productive, virtually wherever their business takes them.

The new Platinum Office Program offers OPEN's Business Platinum small business customers a number of benefits at Regus Business Centers including complimentary membership in Regus' Executive Club Gold program; access to over 950 Internet-equipped business lounges in 400 cities worldwide; savings on hourly usage of private offices, meeting rooms and video conference studios; and two complimentary months on all 12-month fully furnished and equipped office rentals.

OPEN Business Platinum Card members also receive preferred rates on Regus Virtual Office service packages, including personalized telephone answering services, mail forwarding, and the use of local phone numbers and addresses for their businesses.

Renting or leasing traditional office space can consume a significant portion of a small business's operating budget. Regus helps small businesses and entrepreneurs to quickly establish offices without all of the high up- front costs of equipping an office or the risks associated with signing long- term leases. Regus clients pay one monthly fee for fully furnished, fully equipped offices at any of its worldwide locations, complete with onsite administrative and technical support, a business lounge, and access to onsite meeting rooms and video conferencing.

Additionally, Regus Virtual Offices allow small business owners and entrepreneurs to almost instantly expand their presence with a permanent office address, phone number and receptionist at any of the company's 950 locations.

The Platinum Office Program was formed to help strengthen Business Platinum Card members' position in the marketplace through convenient access to the same kinds of office space, services and communications technology generally available only to much larger corporations. It builds on the robust benefits package that comes with the Business Platinum Card. Benefits include complimentary domestic companion airfare(1), a recently expanded Fine Hotels & Resorts package that provides small business customers with special amenities at more than 550 hotels and resorts, recently increased baggage insurance(2), a Premium Global Assist(R) Hotline(3) to assist in the event of a medical emergency when traveling more than 100 miles from home, the Airport Club Access Program, the Platinum Concierge service, the OPEN Savings Program which offers automatic savings at select travel and service providers and business suppliers, and the Platinum Business Travel Service, a full-service American Express Travel agency.

"OPEN is delighted to partner with Regus to further extend the valuable benefits, services and special access we provide for our Business Platinum Card members," said John Steward, senior vice president and general manager, OPEN from American Express. "Our customers have told us that access to professional office space is an important tool to help them run their business. The Platinum Office Program provides them privileged access to prime office space worldwide where they can work, conduct meetings and connect with associates, or simply relax between appointments."

"Regus and OPEN from American Express set the standard when it comes to catering to the needs of small business owners," said Guillermo Rotman, president, Regus Group Americas. "This new alliance allows us to provide Business Platinum Card members access to our fully equipped offices in prestigious locations worldwide and offer bottom-line savings on one of the most significant costs facing growing businesses."

About OPEN from American Express

OPEN from American Express is dedicated exclusively to the success of small business owners and their companies. The OPEN Team supports business owners with unparalleled service. With tailored products and services, the team delivers purchasing power, flexibility, control and rewards to help customers run their business. Specifically, business owner customers can leverage an enhanced set of products, tools, services and savings, including charge and credit cards, convenient access to working capital, robust online account management capabilities and savings on business services from an expanded lineup of partners. To obtain more information about OPEN, visit http://www.OPEN.com, or call 1-800-NOW-OPEN to apply for a Card or loan. Terms and conditions apply.

American Express Company (http://www.americanexpress.com) is a leading global payments, network and travel company founded in 1850.

About The Regus Group

The Regus Group is the world's leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it's from home, on the road or from an office.

Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group and allowing them to focus on their core business.

Over 100,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.

For more information, visit http://www.regus.com.

For more information on the Platinum Office Program, visit http://www.open.com/platinumofficeprogram.

1. To be eligible for the Domestic Companion Airfare Program, you must be an active U.S. American Express Platinum Card(R) member. In addition, one of the travelers must be 18 years of age or older. Complimentary ticket must have the same itinerary with departure and return on the same flights as the paid ticket, and is subject to all government fees, taxes, charges. During each calendar year, the Card member may purchase up to four domestic adult round-trip fares subject to the terms and conditions in this offer and receive one complimentary domestic companion fare for each such eligible adult roundtrip fare, published before taxes, passenger facility charges (on any of six major U.S. Carriers) of not less than $299.00 between most major airports within the continental United States; and $899.00 between most major airports and Honolulu, Hawaii or Anchorage, Alaska. Fares lower than $299.00 and $899.00, respectively, do not qualify for this offer. Fares between the following airports and Honolulu, Hawaii only shall have a minimum fare requirement of $699.00: LAX, LAS, PHX, SEA, SFO. Qualifying fares must be purchased with an American Express Card as specified above through Airlines Promotions South (API). Companion travel award limited to domestic coach class round-trip fares only. Tickets are non-refundable, non-transferable and non- endorsable and will not be replaced if expired, lost, stolen, or destroyed. Reservations require a minimum seven (7) day advance purchase and a Saturday or two-night stay at your destination. Airline participation varies from market to market and is based on availability. Code share flights are not eligible. This travel award may not be combined with or applied to other offers. Frequent flyer mileage accrual may not be applicable. Schedules, terms, points of service and fares are subject to change without notice. Seasonal and holiday blackouts may apply and availability may be limited during certain peak times to certain destinations. This offer is issued by API who is responsible for its fulfillment. Information provided by American Express about you enables API, our trusted partner, to recognize you as an active Card member. THIS TRAVEL AWARD IS NOT VALID WHERE PROHIBITED BY LAW. All federal, state, and local laws apply. CST 2056143-40 Registration as a seller of travel does not constitute approval by the State of California. Additional terms and conditions apply.

2. American Express Card Baggage Insurance Plan is underwritten by AMEX Assurance Company, Administrative Office, De Pere, WI. Coverage is determined by the terms, conditions, and exclusions of Policy AX0400 and is subject to change with notice. This document does not supplement or replace the Policy.

3. Medical Transport and Evacuation will be provided, at no cost, to the covered Cardmember or Family Member, to another, more appropriate Medical Facility, including a qualified, medical facility closest to the Cardmember's or Family Member's primary U.S. residence when the covered Cardmember or Family Member is under the care of a local Medical Service provider or Facility and when the PGA-Designated Physician determines that such transport is medically necessary and advisable due to inadequacy of local facilities. Eligibility for medical transport is contingent upon the covered Cardmember or Family Member not 1) traveling against physician's advice or 2) traveling with a pre-existing sickness, illness or injury, or 3) traveling to seek medical treatment. Decisions made by the PGA-Designated Physician as to 1) the medical need for evacuation, transportation and/or repatriation services, 2) the means and/or timing of any transportation, medical equipment and supplies and medical personnel to be used in connection therewith and 3) the selection of the Cardmember's final destination, are medical decisions based on medical factors, and as such, are beyond the control of the PGA Program and shall be conclusive in determining the need for such services. Any risks and costs for medical transport not authorized and arranged through the PGA Program are solely the responsibility of the Cardmember and such costs will not be reimbursed. PGA does not cover medical expenses (with the exception of cost incurred during the transport) nor transportation of personal possessions including luggage.

SOURCE American Express; The Regus Group

Contact: Rosa Alfonso of American Express, +1-212-640-1712, rosa.m.alfonso@aexp.com; or Dennis Watson of The Regus Group, +1-214-295-2344, dennis.watson@regus.com, for American Express