RICHARDSON, Texas - ­ MultiGen-Paradigm, Inc. (MultiGen), a
wholly owned subsidiary of Parallax Capital Partners, LLC providing real-time, 3D
visual simulation solutions for both civilian and government purposes, today announced that it has leased 12,239 square feet of office space in Richardson, Texas. The new office space, in the Granite 190 Center at 1301 W. President George Bush Turnpike, Suite 120,will serve as the corporate headquarters for MultiGen, effective June 25th

MultiGen also has a West Coast office in Santa Clara, Calif. and regional offices in Orlando, Fla.,Rochester, N.Y. and Salt Lake City.
MultiGen, formerly based in Plano, Texas, chose to relocate its headquarters to
Richardson in large part due to the proximity of The University of Texas at Dallas'
innovative Motion Capture and Virtual Reality Laboratory. This laboratory, which
opened in early 2005, is one of only a handful of facilities in the country employing
cutting-edge technologies to facilitate the study of human movement.
"The ability to partner with UTD and take advantage of the intellectual capital
and facilities located at the school played a large role in our decision to relocate," said Sandeep Divekar, president and CEO of MultiGen. "This new facility will be critical to the continued growth and development of MultiGen, as we provide world-class visual simulation solutions to both the private sector and government entities."
Today's announcement comes on the heels of other significant activity nearby in
Richardson, including the recent completion of Texas Instruments' $3 billion
semiconductor fabrication plant, the opening of Phase I of The Shire mixed-use project, the groundbreaking for a new 128-room Hilton Garden Inn on the Bush Turnpike and the recent announcement by Countrywide Financial Corp. of its intention to begin occupying an additional 150,000 square feet of space at the Lakeside Centre I development by July.
MultiGen Relocates Headquarters to Richardson, Near UTD Motion Capture Lab "We are extremely excited about MultiGen's decision to move its headquarters to
Richardson," said John Jacobs, senior vice president of the Richardson Economic
Development Partnership. "The addition of a company as innovative as MultiGen
demonstrates Richardson's ability to attract industry-leading companies that employ technology in groundbreaking ways, drawing on the resources of educational institutions such as UTD and Richardson's highly educated workforce. This relocation, on top of the other activity taking place in Richardson, also signals the continued diversification and strengthening of the city's economic base to include telecom and a lot more."