Moving and Storage Business News

The News Review:

- U-Store-It Trust Announces Authorization to Repurchase Up to 3,000,000…
- San Francisco clothing store coming to Bayshore
- Data Domain Outpaces IPO
- Public Storage Announces Pricing of 7.000% Cumulative Preferred…

U-Store-It Trust Announces Authorization to Repurchase Up to 3,000,000…
Earthtimes – Jun 27, 2007
0 million of itsoutstanding common shares. The Company may make purchases from time to timein the open market or in privately negotiated transactions. “Adding a share repurchase program to our existing capital allocationalternatives of acquiring and developing self-storage facilities providesus with a full range of options to continue to create value for ourshareholders,” said Chief Financial Officer Christopher Marr. About U-Store-It TrustU-Store-It Trust is a self-administered and self-managed real estateinvestment trust. The Company’s self-storage facilities are designed tooffer affordable, easily accessible and secure storage space forresidential and commercial customers. According to the Self-StorageAlmanac, U-Store-It Trust is one of the top five owners and operators ofself-storage facilities in the United States…
“Adding a share repurchase program to our existing capital allocationalternatives of acquiring and developing self-storage facilities providesus with a full range of options to continue to create value for ourshareholders,” said Chief Financial Officer Christopher Marr. About U-Store-It TrustU-Store-It Trust is a self-administered and self-managed real estateinvestment trust. The Company’s self-storage facilities are designed tooffer affordable, easily accessible and secure storage space forresidential and commercial customers. According to the Self-StorageAlmanac, U-Store-It Trust is one of the top five owners and operators ofself-storage facilities in the United States. Forward-Looking StatementsCertain statements in this release that are not historical fact mayconstitute forward-looking statements within the meaning of the Section 27Aof the Securities Act of 1933 and Section 21E of the Securities ExchangeAct of 1934. Such statements are based on assumptions and expectations thatmay not be realized and are inherently subject to risks, uncertainties andother factors, many of which cannot be predicted with accuracy and some ofwhich might not even be anticipated. Although we believe the expectationsreflected in these forward-looking statements are based on reasonableassumptions, future events and actual results, performance, transactions orachievements, financial and otherwise, may differ materially from theresults, performance, transactions or achievements expressed or implied bythe forward-looking statements.

San Francisco clothing store coming to Bayshore
Milwaukee Journal Sentinel – Milwaukee Journal Sentinel (subscription… – Jun 27, 2007
, based in Oak Brook, Ill. The 12 buildings total more than 1. 15 million square feet, said Jason Steiner, of Steinergroup Commercial Real Estate, an adviser to Ace Industrial Properties. Ace Industrial Park is at E.

Data Domain Outpaces IPO
thestreet.com – Jun 27, 2007
The disk-based devices help companies and government agencies back up and store data as part of disaster-recovery plans. Disk-based storage has become more affordable as disk prices have fallen over the past five years and have become more competitive with tape-based storage. Companies typically prefer to use electronic storage on disks, because they are much easier and quicker to search than are tapes. Most of Data Domain’s customers are small and medium-size businesses for which disk-based data backup has become more affordable. But the company is making headway with larger clients that need to back up information received from multiple remote locations and store it in large data centers. One of the company’s largest clients is the U…
As sales have surged, the cost of revenue tumbled as a percentage of sales, helping the company’s gross margins. But the company is still operating at a loss as sales and marketing costs rise. “Data de-duplication,” the term used to describe Data Domain’s technology, is moving toward the mainstream of storage technology. Venture capital firms have invested about $230 million in de-duplication firms, and there has been $288 million in mergers and acquisitions in the industry, according to tech researcher The 451 Group. “The rapid growth of Data Domain proves that there’s a large and growing appetite for this technology out there,” said Simon Robinson, 451 Group’s director of research for storage products. In November, EMC (.

Public Storage Announces Pricing of 7.000% Cumulative Preferred…
Free with registration – Business Wire – AccessMyLibrary.com – Jun 27, 2007
000% Cumulative Preferred Shares of Beneficial Interest, Series N. — John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA), announced that the Company has priced a public offering of 6,000,000 depositary share.