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First Communications will at this time remain admitted to trading on AIM andwill continue to seek to capitalise on both organic and acquisition-led growthopportunities that have been identified . Ray Hexamer, First Communications` CEO, noted, “Although we are disappointedthat timing and other factors have resulted in the termination of thistransaction, we remain confident about the prospects for our company and believethat First Communications is well positioned as a leader in its sector lynyrd skynerd . We willcontinue to focus on executing our business strategy and driving value for ourshareholders.” Barry Florescue, Chairman and CEO of Renaissance, stated, “As sponsors ofRenaissance, our management team worked tirelessly to bring an attractiveacquisition opportunity forward for a public vote We are disappointed that wewere unable to do so lynyrd . At this time, we will work to expeditiously liquidate ourtrust fund in order to provide liquidity to our public shareholders as soon aspracticable.” About RenaissanceRenaissance is a “blank check” company formed to acquire, through a merger,capital stock exchange, asset acquisition, reorganization or similar businesscombination, one or more businesses, which it believes has significant growthpotential Lynyrd Skynyrd tickets – lynyrdskynyrd . In 2007, Renaissance through its initial public offering raised, netof fees and expenses, approximately $107 million which included $2.1 million ina private placement of warrants that were deposited into a trust account.Renaissance has dedicated its time since the initial public offering to seekingand evaluating business combination opportunities. Renaissance`s amended andrestated certificate of incorporation provides for the termination ofRenaissance`s corporate existence and mandatory liquidation if Renaissance doesnot consummate a business combination by January 29, 2009.

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