Archivesone, National Document Storage Company, Named One Of INC Magazine's 500 Fastest Growing Private Companies

Watertown, CT Company Reflects 454 Percent Growth in Past Five Years

For Immediate Release
Tuesday, October 21, 2003

Watertown, CT - ArchivesOne, Inc, a $20 million paper document and records storage company with more than 3,300 clients and one of the five largest organizations of its kind, has been named to Inc Magazine's 2003 national list of the 500 fastest growing private companies. ArchivesOne achieved 454 percent growth in the past five years, with sales growing to $11.7 million in 2002.

"This is an extremely exciting honor for our team," said A.J. Wasserstein, president of ArchivesOne. "When I started this business in 1991 it was always a goal of mine to try to make the Inc. 500. Our team's hard work, outstanding customer service and focus on growth has made it happen. Records storage is becoming a $15 billion industry annually and we see tremendous growth opportunities in this dynamic market."

Improper records management programs can spell disaster for banks, law firms, hospitals and medical practices, financial services companies and government agencies, Wasserstein pointed out. ArchivesOne, which has more than a million square feet of warehouse space in nine U.S. metropolitan markets, can place as few as five boxes or thousands of boxes in secure, virtually fire and weather resistant records storage centers.

According to Inc, The companies that made this list have thrived through continued stagnation in the economy, posting an average five-year sales growth of 1,312%. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002, Inc. 500 companies - half of which were launched with less than $20,000 - provided employment for 67,973 people.

"The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. Editor-in-Chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."

According to the publication, Inc. 500 is proof that tenacious business people can succeed without the benefit of substantial resources. Of the Inc. 500 founders: 48 percent had start-up capital of less than $20,000, while only 2 percent received funding from Venture Capital firms. Now, 78 percent have an estimated net worth of over $1 million. Most Inc. 500 founders jumped right into their businesses; 84 percent started companies without benefit of any formal research. Also of note, is that 12 percent of Inc. 500 company founders are women.

Entrepreneurs leading Defense, Advertising & Marketing and Retail companies are poised to do the most hiring over the next year. The industry with the strongest showing on this year's list is Financial Services, followed by Healthcare, Software, Information Technology Services and Advertising & Marketing.

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia.

ABOUT INC MAGAZINE
Inc, the premier magazine for growing companies, may be accessed online at www.inc.com. The magazine is owned by Gruner + Jahr USA, one of the top-ranked magazine publishers in the U.S., reaching one of the largest readerships in America. In addition to Inc, Gruner + Jahr USA publishes Child, Family Circle, Fast Company, Fitness,Inc., Parents and YM. G+J USA is 25.1percent owned by the Jahr Group and 74.9 percent owned by Bertelsmann AG, the largest privately held and the fifth largest media company overall in the world, with annual revenues of $17.86 billion.

ABOUT ARCHIVESONE
ArchivesOne, Inc. provides records management and storage services to businesses of all sizes, including Fortune 500 companies in such industries as financial services, legal, health care and retail, as well as nonprofit organizations. ArchivesOne services customers in nine U.S. metropolitan markets and has approximately $20 million in annual revenues. Since its inception in 1991, the company has become one of the five largest records management companies in the U.S., now boasting over 3,300 customers and over 150 team members. Waterbury, Connecticut-based ArchivesOne has also been selected for the 4th time in the fifth annual ICIC-Inc. Magazine Inner City 100 as one of the fastest-growing inner city companies in the nation, For more information, visit ArchivesOne at www.archivesone.com.