ARCHIVESONE NAMED ONE OF INC MAGAZINE'S 500 FASTEST GROWING PRIVATE COMPANIES FOR A SECOND YEAR IN A ROW

Watertown, CT - October 20, 2004

ArchivesOne, Inc., one of the four largest U.S. Records Management and Storage Companies, has been named to Inc Magazine's 2004 national list of the 500 fastest growing private companies. ArchivesOne achieved 120% growth in the past five years, with approximately $25 million in annual revenues. The company also appeared on the list in 2003.

"Being honored like this is great recognition for all of our hard work and is consistent with our Vision Statement in that by continuing to enthusiastically provide quality customer service we are capable of achieving rapid growth", said A.J. Wasserstein, President and Director of Customer Happiness.

ArchivesOne has grown into an industry leader with more than a million square feet of warehouse space servicing more than 4,500 businesses in 11 U.S. metropolitan markets. ArchivesOne has balanced organic revenue growth with acquisitions to expand its business. Nineteen companies in the records management industry have been acquired by ArchivesOne, five in 2004 and eight in the last two years. Over the past nine years, revenues have increased by nearly 40%.

According to the publication, the companies that made this list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.

To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia.