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Emagispace Readies for Expansion, Names New CEO in Planned Leadership Transition

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Emagispace®,
the startup interior construction and design innovator, today announced
the appointment of David Kirshenbaum to CEO as part of a planned
leadership transition that moves Noel Maxam, co-founder and former CEO,
to the board. The transition follows the company's successful Series B
funding round, which raised Emagispace's total financing to over $9
million in under two years. Kirshenbaum will lead Emagispace's
international expansion and will extend the company's presence in
fast-growing segments like commercial office and agile retail.

According to Fast Company, which named Emagispace among the Top 10 Most
Innovative Companies in 2018, the company's approach has made designing
interior spaces flexible, cost efficient, and sustainable, which has
drawn the attention of commercial office, commercial retailers, concert
venue owners, set designers, and even disaster relief organizers looking
to build temporary shelters.

"The demand for Emagispace's EmagiKit solutions, for which the building
blocks are the backbone, is growing exponentially, and we have to scale
organizationally to stay ahead of demand in this and other key markets,"
said Noel and Clark Maxam (Co-Founders). "David has the fire in his
belly to execute the vision that the board has for the future of
Emagispace, and that's why we know he's the right person for the job."

The idea for Emagispace came to Noel in his other career as a
multi-Emmy-award winning director, writer and producer, where he grew
frustrated with the expense, complexity, storage needs, and waste
associated with building and tearing down sets. Noel saw first-hand the
need for this innovative, flexible, and sustainable building system.
With numerous patents under his belt, Noel evangelizes the infinite use
cases across a variety of industries.

Kirshenbaum joins Emagispace after successfully leading Hilco Real
Estate's Corporate Services Group, which grew dramatically under his
five-year leadership. Prior to joining Hilco Real Estate, David
was SVP of residential and retail operations and COO with Joseph Freed
and Associates, a Chicago-based developer, manager and owner of
large-scale urban retail, residential and mixed-use projects.
Previously, he served as COO and then President of LR Development
Company, a Chicago-based developer focused on affordable, adaptive
re-use and high-end residential developments. As part of the senior
management team, LR grew ten-fold over the course of five years prior to
a sale of the company to the Related Companies in 2000.

"This position is truly the embodiment of my 30+ years of experience in
the real estate industry," said Kirshenbaum. "I believe Emagispace is
the future of construction and design and is going to shape the way
several industries evolve – leading this company forward is an
opportunity I could not pass up. The need for flexible EmagiBlock
technology in the co-working, retail, event marketing, and entertainment
spaces is clear. We see economies around the world moving toward
modularization sustainability and heightened flexibility, and Emagispace
is ready to become a significant player in these evolving markets."

"Throughout his career, David has developed strong relationships with
investors and entrepreneurs. He is not scared to take calculated risks
and knows how to maximize a business's potential," said Maxam.
"Emagispace has expanded personnel by 70 percent in 2018, and one of
Kirshenbaum's first initiatives will be to create a culture of growth
and mentorship within the organization to continue to retain and recruit
the best talent."

"When looking for a CEO to lead Emagispace into our next stage of
business maturation, we wanted to ensure we found the right leader who
had a proven track record of success," said co-founder Clark Maxam.
"David's vision to create a culture of imagination, teamwork, and
mentorship to our employees is exactly what we need to continue our
significant arc of growth in the near future."

Kirshenbaum holds a bachelor's degree from Emory University, a juris
doctorate from Northwestern University School of Law, and a master's of
business administration from the Kellogg Graduate School of Management.
David has been an adjunct professor at Northwestern Law and is a guest
lecturer at colleges, business schools, and law schools around the
country. He is an active member of the International Council of Shopping
Centers, Industrial Asset Management Council, ACG, Chicago Real Estate
Council (where he is a board member) and Surplus Property Roundtable.
Kirshenbaum is the local Chairman of the Board of the Chicago chapter or
America Needs You, a national organization focused on mentoring
underprivileged first-generation college students. Finally, Kirshenbaum
is an active private investor having invested in Emagispace, other
companies in the modular construction space as well as a variety of
healthy food and technology startup/incubation companies.

For more information about Emagispace, and how it can help re-imagine
your next space, (844) 949-2557 or visit the website at www.emagispace.com.

TWEET IT: Emagi-this: @Emagispace appoints new CEO, David
Kirshenbaum effective immediately. #StartupLife

About Emagispace® Inc.

Emagispace® Inc. is an interior construction and design
innovator that has developed sustainable building block technology to
re-imagine what's possible for the construction of interior spaces. The
company was founded in 2015 when Emmy® Award-winning TV executive
producer and director Noel Maxam grew frustrated with the time, cost and
storage needs of traditional set construction, and the environmental
waste when ultimately scrapped.

Emagispace's patented EmagiBlock® platform greatly reduces the cost,
mess and time required for an interior construction build across a
diverse range of industries including Office, Trade Shows, Retail, Art
galleries and Museums, TV/film/theatre, Warehouses, Storage, and more,
with code compliance for a vast array of industries and uses. For more
information, visit www.emagispace.com.

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