Data Shaping Happy to Leave South of Market, Relocates to Pittsburg

SAN FRANCISCO, California, 02/16/2001

Data Shaping Solutions, an internet startup specializing in statistical strategies, has decided to leave the trendy South of Market neighborhood in San Francisco and relocate to Pittsburg, Contra Costa County, 35 miles East. On January 1, the company closed all its operations in the City.

The company, initially threatened by 50% rent increases in one of the most expensive real estate market, decided not to renew its lease with The City Lofts. By the end of December, Data Shaping acquired a new property in Pittsburg, in one of the most desirable neighborhoods in town, increasing office space by 250%. Data Shaping is one of the first cutting edge internet company to relocate to Pittsburg, where housing costs are sensibly lower than in most parts of the Bay Area. The company expects other internet startup to follow, as the commute to San Francisco and Oakland is made easy for potential employees, thanks to the BART. The cost of energy, tax incentives and the absence of power outages were among the advantages in choosing Pittsburg for the headquarters.

THE COMPANY

Data Shaping Solutions, LLC, is a company that designs state-of-the-art statistical strategies applied to market research, finance and the Internet. The company was founded in 1999 by Vincent Granville, previously Research Fellow at Cambridge University (UK) and Statistician at Cnet. For more information, visit our web site at www.datashaping.com.

Data Shaping Solutions is privately owned and is not currently seeking financing. The company has managed to reduce its overhead costs to a minimum, and expects profitability within 12 months. The traffic on its web site has consistently increased at an exponential rate, thanks to cost-effective advertising campaigns.