COWORKING FRANCHISE NETWORK, COWORKS, REBRANDS AS VAST COWORKING GROUP AMID YEAR OF RECORD GROWTH

    WEST PALM BEACH, FL, September 28, 2023 /24-7PressRelease/ -- CoWorks, the world's largest coworking franchise network comprised of shared workspace concepts Office Evolution and Venture X, announced today that it is rebranding as Vast Coworking Group™, signifying the wide range of solutions, expertise, and shared service options that it offers the flexible workspace franchise community. The network will continue to operate as a division of United Franchise Group™ (UFG), the global leader for entrepreneurs.

The rebrand comes on the heels of a successful first half of 2023 where both Office Evolution and Venture X experienced significant growth and double-digit sales increases. Year-to-date, the brands have opened nine new locations and signed 28 new franchise agreements to develop more in the coming years. Combined, the brands currently have 133 locations in 28 U.S. states as well as international operations of Venture X in Canada; Costa Rica; Dubai, United Arab Emirates; India; Spain; and the United Kingdom. Office Evolution and Venture X collectively occupy more than 1.9 million square feet of flexible workspace and have over 32,000 members worldwide.

"The age of 'Coworking 2.0' is here, where flexibility is not only the expectation, but has become the standard in how we work. As more companies and individuals continue to shift toward flex, we want Vast to be at the forefront of providing the best and most seamless solutions in the franchise space," said Jason Anderson, President of Vast Coworking Group. "We are energized by the performance of our two brands this first half of 2023 and credit our passionate franchise owners with what is sure to be continued success through the remainder of the year."

Vast Coworking shared this impressive year-over-year performance among other brand updates at its 2023 Summit, which recently took place in Delray Beach, Florida. Ray Titus, CEO of UFG, gave "State of the Union" opening remarks, kicking off three days of workshops, panel discussions, networking, vendor exhibits, and more. The event brought together a record number of Office Evolution and Venture X franchise owners, as well as brand executives, vendor partners, and key industry leaders from the Global Coworking Unconference Conference (GCUC), the Global Workspace Association (GWA), 25N Coworking, and more.

"The energy during Vast's 2023 Summit was electric, with so many like-minded people coming together to learn, network, and share insights at all levels," said Ray Titus, CEO of UFG. "With tremendously talented and passionate franchise owners, and more growth on the horizon, we can't wait to see all that this network accomplishes as we head into Q4 and into next year."

To conclude the summit, Vast Coworking recognized exceptional franchise owners for their noteworthy contributions and remarkable performance throughout the preceding year. This recognition encompassed various award categories, including the highly esteemed Circle of Excellence Award. Winners included:
• Tyler Evans & Michael Hicks, Venture X and Office Evolution franchise owner
• Channen Smith, Venture X and Office Evolution franchise owner
• Lisa Medrano, Office Evolution franchise owner
• Richie Parsons, Venture X franchise owner
• Scott Baroway, Office Evolution franchise owner
• Andrew Ahie, Venture X franchise owner
• Nadim Ahmed, Venture X franchise owner
• Kevin Priddy, Venture X and Office Evolution franchise owner
• Ryan Gagne, Venture X franchise owner
• Steve Fowle, Venture X franchise owner
• Mario Padovani & Guilherme Rodrigues, Venture X franchise owners

Office Evolution and Venture X are members of the Starpoint Brands™ family of trusted companies, a division of UFG, representing the very best in their industry and the mark of quality for customers, providing the ultimate in service, reliability, and value.

About Vast Coworking Group
Vast Coworking Group™ is comprised of Office Evolution and Venture X and specializes in franchising within the coworking industry, offering solutions, expertise, and shared service options within the flexible workspace franchise community. Part of the Starpoint Brands™ division of United Franchise Group™ (UFG), Vast Coworking Group was founded in 2023 by Ray Titus, founder and CEO of UFG, with the express intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry, providing the largest privately owned affiliated franchise network of flexible, professional, and shared office space options on the planet. For more information about Vast Coworking, visit https://vastcoworking.com/.

About Starpoint Brands
A family of trusted brands representing the very best in their industries, including retail, food & beverage and professional services, Starpoint Brands™ is the mark of quality for customers. It brings together a constellation of brands within United Franchise Group™ (UFG), including Signarama®; Fully Promoted®; Transworld Business Advisors®; Network Lead Exchange™; the Vast Coworking Group™ shared workspace division with Venture X® and Office Evolution®; as well as the Big Flavor Brands™ food division with The Great Greek Mediterranean Grill®, Graze Craze®, and Cannoli Kitchen Pizza®. A brand under the Starpoint Brands division is one that business-to-consumer and business-to-business customers can be sure will provide the ultimate in service, reliability, and value.

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