ArchivesOne Acquires Vermont Record Storage Center In Essex Junction, Vermont

For Immediate Release
June 6, 2003

Watertown, CT - ArchivesOne, a Watertown company specializing in records management and storage services, has acquired Vermont Record Storage Center in Essex Junction, VT, a Burlington, VT suburb. This is ArchivesOne's thirteenth acquisition in the records management industry and second transaction in 2003. The transaction represents a 6% revenue growth increase for ArchivesOne.

"I am very enthusiastic about the deal," stated ArchivesOne SVP for Sales & Marketing Jon D'Elia. "The new customers will fit nicely into our existing customer base and move us further toward our goal of being the number three player in the industry." The transaction adds approximately 300 customers and 5 Team Members to ArchivesOne in the Burlington marketplace and 60,000 square feet of new warehouse space.

ArchivesOne COO John Pavlovich said, "This is a great fit. This is a logical extension in our Northeast marketplace and Vermont Record Storage is an incredibly clean company with great infrastructure to build on." Jon D'Elia, ArchivesOne's Senior Vice President of Sales & Marketing, added, "We are working on other acquisition opportunities and will probably close at least one more transaction in 2003."

Vermont Record Storage Center owner Peter Morse commented, "I have enjoyed working with the ArchivesOne team and have total confidence that they will treat the Vermont Record Storage employees and customers extremely well and take the business to the next level."

ArchivesOne services customers in eight metropolitan markets and has approximately $20 million in annual revenues. Since its inception in 1991, ArchivesOne has grown substantially, the company now boasts over 3,300 customers and over 140 team members. ArchivesOne is one of the five largest records management companies in the U. S. For more information, visit the ArchivesOne website at www.archivesone.com.