WAYNE, PA -- (MARKET WIRE) -- 07/30/09 --
U-Store-It Trust (NYSE: YSI), a national
self-storage company offering storage
facilities, service and solutions, announced today it has expanded its
national network of self-storage facilities to 306 locations from
approximately 150 in late May 2009.
"We have doubled the number of locations in the U-Store-It Network in the
past 60 days," said U-Store-It Chief Executive Officer Dean Jernigan. "Our
network is a fundamental element in our ability to serve our customers
nationwide, to reach new customers, and to generate incremental revenue. We
look forward to continuing to expand our network with additional partners
and locations."
The U-Store-It Network provides access to self-storage locations
nationwide. The Network was developed to support customer leads U-Store-It
captures through various marketing strategies that cannot be serviced by a
U-Store-It location. Participants in the U-Store-It Network do not compete
with company-owned locations. Network locations are independently owned and
operated.
Information regarding network partner location addresses, gate and office
hours, location photos, unit types and pricing is available on
http://www.ustoreit.com. Consumers may contact a particular network
location via a unique phone number as well as reserve a specific unit type
through the web site.
Network participants benefit from U-Store-It's national brand awareness,
innovative marketing strategies, exclusive leads and unique customer
tracking systems, via a pay-for-performance model.
Operators interested in joining the U-Store-It Network may contact the
Company's Network Sales Department at 800-691-2003 or email
networksales@ustoreit.com. Applications are also available online at
www.ustoreit.com/network. The Company is currently accepting applicants on
a first come, first serve basis.
To learn more about the U-Store-It Network, please visit the Company at the
Self Storage Association Fall Conference on September 10-12, 2009 at
Caesars Palace in Las Vegas, Nevada. U-Store-It will be located at booth
223.
About U-Store-It Trust
U-Store-It Trust is a self-administered and self-managed real estate
investment trust. The company provides self-storage solutions in all 50 states
through its 383 company-owned facilities and the U-Store-It Network, which
consists of approximately 306 additional third-party locations. The
company's self-storage facilities, storage space and storage solutions are
designed to offer affordable, easily accessible, secure -- and in certain
locations, climate-controlled storage space for residential and commercial
customers, as well as boat storage and mini storage.
According to the Self Storage Almanac, U-Store-It Trust is one of the top
four owners of self-storage facilities in the U.S.
Visitors may go online to http://www.ustoreit.com to learn more about the
company and to find a nearby storage facility. Visitors to ustoreit.com can
also view the sizes and features of individual self-storage units, reserve
storage space, and pay their storage
bills online using a safe, secure online payment function.
For more information about business or personal storage call U-Store-It
toll free at 1-888-U-STORE-IT.
Forward-Looking Statements
Although the Company believes the expectations reflected in any
forward-looking statements in this press release are based on reasonable
assumptions, there can be no assurance that such expectations will be
achieved. You should not rely on our forward-looking statements because the
matters they describe are subject to known and unknown risks and
uncertainties that could cause the Company's future results, performance,
or achievements to differ significantly from the results, performance, or
achievements expressed or implied by such statements. Such risks are set
forth under the captions "Item 1A. Risk Factors" and "Forward-Looking
Statements" in our annual report on Form 10-K and under the caption "Item
2. Management's Discussion and Analysis of Financial Condition and Results
of Operations" (or similar captions) in our quarterly reports on Form 10-Q,
and described from time to time in the Company's filings with the SEC. For
forward-looking statements herein, the Company claims the protection of the
safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The Company assumes no obligation
to update or supplement forward-looking statements that become untrue
because of subsequent events.
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Company Contact:
Tim Martin
Chief Financial Officer
(610) 293-5700