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Cornerstone Records Management Announces Acquisition of Information Management Storage

Columbia, MD – September 23, 2009 – Cornerstone Records Management, LLC announced today that it has completed its acquisition of the assets of Information Management Storage, Inc. (IMS).

"We are very excited about having IMS become part of Cornerstone," said Steven Sisney, President & CEO of Cornerstone. "Based in Simi Valley, IMS supports our strategy to expand our presence in Southern California. They will become part of Cornerstone’s Western Division which is headquartered in Van Nuys, CA". The acquisition of IMS follows the May 2009 acquisition of East Coast based Nova Records Management which gave Cornerstone a significant presence in the Northeast and Mid-Atlantic markets.

"By accelerating the pace and amount of investment we are making in Cornerstone, we will be able to further enhance the services and benefits available to our customers, expand career opportunities for our employees, and provide an attractive return to our investors," added Sisney. In addition to making selective, complementary acquisitions, Cornerstone is focused on driving organic growth. The company opened two new facilities in the California market in the second half of 2008 and has opened a records storage center and a separate media vault in the Denver area this summer.  A new records storage facility in Swedesboro, NJ opened earlier this month.

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