ArchivesOne Document And Records Storage Acquires Newark Records Company

For Immediate Release
Monday, March 1, 2004

Newark, NJ - ArchivesOne of Waterbury, Conn., with warehouses in Newark and one of the five largest records management and storage companies in the U.S. has acquired SOS/Flexible Warehousing - Record Storage Division in Newark, New Jersey.

"We're excited. Our new customers will benefit tremendously from increased technology and added customer service capabilities, according to John Pavlovich, ArchivesOne COO. "SOS/Flexible Warehousing - Record Storage Division is an incredibly clean company with great customer base to build on."

"I am very enthusiastic about the deal," said 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 off site storage industry."

This is the 15th acquisition in the records management industry for ArchivesOne and its first transaction in 2004. "04 promises to be a terrific year for ArchivesOne and this acquisition gets us off to a fast start." stated Scott Brabant, ArchivesOne SVP of Information Management and Finance. "We are geared up for significant growth in facilities and team members over the next 12 to 18 months."

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 150 team members.