Filing of Form S-4

    RNS Number : 3817G
  First Communications, Inc.
  21 October 2008
   

    First Communications, Inc. and Renaissance Acquisition Corp. Jointly Announce Filing of Form S-4 Registration Statement in Connection
with Their Proposed Merger

    AKRON, OH, October 21, 2008 -- First Communications, Inc. (AIM: FCOM) ("First Communications"), a leading Midwest competitive local
exchange carrier and owner of wireless telecommunications towers, and Renaissance Acquisition Corp. (AMEX: RAK) ("Renaissance") today
jointly announced that Renaissance has filed with the Securities and Exchange Commission a preliminary registration statement on Form S-4,
which includes a proxy statement/prospectus, in connection with the proposed merger between First Communications and Renaissance previously
announced on September 15, 2008. The registration statement has not yet become effective and the information contained in the filing is
subject to change. After the registration statement has been declared effective, a definitive proxy statement/prospectus will be mailed to
the shareholders of Renaissance.
    The transaction is expected to close by January 2009.  
    For additional information on the merger, please see today's filing, which can be obtained without charge at the Securities and Exchange
Commission's Web site at www.sec.gov. Stockholders may also obtain a free copy of the proxy statement/prospectus and Renaissance's filings
with the Securities and Exchange Commission incorporated by reference in the proxy statement/prospectus, such as annual, quarterly and
special reports, and other information, directly from Renaissance by directing a request to Renaissance Investor Relations at the phone
numbers at the end of this press release.

    Additional Information

    Renaissance's directors and executive officers and other persons may be deemed, under Securities and Exchange Commission rules, to be
participants in the solicitation of proxies in connection with the proposed transaction. Information regarding Renaissance's directors and
officers can be found in its Form S-1 filed with the Securities and Exchange Commission on May 24, 2006 and amendments thereto.. Additional
information regarding the participants in the proxy solicitation and a description of their direct and indirect interests in the
transaction, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed
with the Securities and Exchange Commission when they become available.

    SHAREHOLDERS OF RENAISSANCE ARE ENCOURAGED TO READ THE FORM S-4 FILING, WHICH CONTAINS IMPORTANT INFORMATION RELATING TO THE PROPOSED
MERGER AND THE COMPANIES' BUSINESSES AND OPERATIONS.



    About First Communications

    First Communications is a leading competitive local exchange carrier in the Midwestern United States. Founded in 1998, First
Communications has built a highly scalable telecommunications platform, infrastructure and support system, which represents a combination of
world-class technology, and cutting-edge product offerings. First Communications has over 214,000 customers, owns 3,500 miles of fiber and
owns and manages 327 wireless towers leased to 391 tenants, with contractual rights and significant opportunity to increase the number of
towers. First Communications is led by a strong management team that has operated telecom companies throughout all cycles of the
telecommunications market.

    About Renaissance

    Renaissance is a "blank check" company formed to acquire, through a merger, capital stock exchange, asset acquisition, reorganization or
similar business combination, one or more businesses, which it believes has significant growth potential. In 2007, Renaissance through its
initial public offering raised, net of fees and expenses, approximately $107 million which included $2.1 million in a private placement of
warrants. Renaissance has dedicated its time since the initial public offering to seeking and evaluating business combination
opportunities.

 For further information:

 First Communications
 Joe Morris                                 Tel: + 1 330 835 2472

 Renaissance Acquisition Corp.
 Mark Seigel                                Tel: [phone]

 Collins Stewart Europe Limited
 Seema Paterson                             Tel: + 44 (0) 20 7523 8321
 Stewart Wallace                            Tel: + 44 (0) 20 7523 8350

 Financial Dynamics
 Harriet Keen/Haya Chelhot/Hazel Stevenson  Tel: + 44 (0) 20 7831 3113
 Hannah Sloane                              Tel: + 1 212 850 5734



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