Moving and Storage Business News

The News Review:

- Former Storage Executives Launch New Self-Storage Venture
- Cisco employs virtualization OS for storage tools
- Tupperware Brands Confirms Third Quarter Sales and Earnings Guidance
- Annual Report to shareholders
- Companies Adjust To Oil Prices; Become Leaner, More Profitable
- 2008 Full Year Accounts

Former Storage Executives Launch New Self-Storage Venture
PR Web (press release), WA 
(Real Storage) is a recently formed partnership, based in Calgary, Alberta to acquire and develop self storage facilities across Canada. The partnership is comprised of former executives and portfolio managers in the self storage industry and Realex Properties Corporation, (Realex) a real estate company listed on the TSX Venture Exchange. Bill Roberts, Partner & President of Real Storage was the Vice President for Stor edge Group of companies prior to the company's sale in 2007. Bill is also on the board of Directors of the Canadian Self Storage Association. Cathy Butler, Partner & Vice President Finance, owned and operated storage properties in addition to acting as Portfolio Manager for a private investment fund. Dave Demchuk, Vice President Operations, was also a former executive with Stor edge as Vice President Operations, and most recently as Director of Operations Western Canada for InStorage REIT. The management team will be responsible for all aspects of the business including operations, development and acquisitions whereas Realex will provide general oversight and capital.

Cisco employs virtualization OS for storage tools
Eetasia.com (subscription) 
Longer term, the company is harmonizing the code base and feature set of its core IOS operating system for Ethernet switches and routers with the NX-OS software for its storage systems. “We do this in recognition that data centers are moving to a single fabric based on Fibre Channel over Ethernet (FCoE),” said Deepak Mujal, senior marketing manager, data center group, Cisco. “The process of rationalizing separate networking and storage OS is just starting to happen with our competitors,” noted Mujal, referring to the July announcement of a $3-billion merger between Brocade and Foundry Networks. Cisco also announced new software and systems to accelerate applications running in the data center serving remote desktop computers. Cisco’s Wide Area Application Services software will work with VMWare’s recently announced Virtual Desktop Infrastructure. In addition, Cisco has rolled out three new x86-based appliances that can speed applications running in the data center desktop users elsewhere in a business.

Tupperware Brands Confirms Third Quarter Sales and Earnings Guidance
MarketWatch 
For sales, the previous guidance range was for a 13 to 15% increase (6 to 8%in local currency) and the Company expects its sales increase in localcurrency to be toward the high end of that range. Diluted GAAP earnings pershare is expected to be toward the low end of the 39 to 44 cent range providedin July, which reflected an insurance recovery gain of 4 cents now moving fromthe third to the fourth quarter. The year-over-year benefit from foreigncurrencies is now expected to be 3 cents versus the previous guidance range ofa 5 to 6 cent benefit. Excluding certain adjustment items, diluted earningsper share is expected to be around the high end of the previous guidance rangeof 37 to 42 cents. See detail in Non-GAAP Financial Measures OutlookReconciliation Schedule.

Annual Report to shareholders
Sydney Morning Herald, Australia 
The Investment Manager’s Report includes commentary around currencies as well as MFF’s investments. We believe it is evident that MFF is avoiding the worst of the numerous disasters in the financial sector and the ongoing unwinding of investment bubbles in Australia and around the world. Self evidently, MFF has avoided the 50% plus fall in some emerging markets such as Shanghai, whilst MFF’s focussed portfolio of global leading companies is benefitting from the emerging markets’ economic growth. Many of the companies in which MFF is invested are gaining profitable market share, and your Directors share in the Investment Manager’s confidence that, in time, these strong business performances will be reflected in underlying share price appreciation. Economic, credit and financial market disruptions continue and ongoing vigilance is necessary. MFF has recently announced that it will implement an on-market share buyback whereby MFF is authorised to seek to buy on the ASX up to 10 million MFF shares over the next 12 months. Shares bought back will subsequently be cancelled.

Companies Adjust To Oil Prices; Become Leaner, More Profitable
Greeneville Sun, TN 
, on the company’s second-quarter earnings call in August. Sales have increased 50 percent over the last four years at the company, which makes detergent, toothpaste and Arm & Hammer baking soda, but the number of employees has stayed flat, at 3,700, Craigie said. With oil prices roughly twice what they were in January 2007, many companies have simply adjusted. Now that oil’s daily price swings are moving down as well as up, that preparation has put them in a strong position — leaner than they’ve been in years, with customers paying higher prices. Of course, the adjustment hasn’t been smooth. Inflates On The RiseConsumer inflation is the highest in 17 years, up 5. 6 percent this year and unemployment is at a four-year high.

2008 Full Year Accounts
Sydney Morning Herald, Australia 
Details on Mr Rindel appear earlier in this report under Information on Directors. Chief Financial Officer During the financial year to 31 August 2007, the Chief Financial Officer was Mr Martin Pratt, who was replaced by Mr Mark Engelbrecht on 1 September 2007. Mr Engelbrecht qualified as a Chartered Accountant in South Africa, moving to Australia in 1994, and has been a business owner and director for most of the last 25 years. Company Secretary The Company Secretary at the date of this report is Ms Karen Browne LLB having been appointed on 7 July 2006. Ms Browne completed her Bachelor of Laws at the University of Western Australia and was admitted to practice as a barrister and solicitor of the Supreme Court of Western Australia and the High Court of Australia in 1994. Ms Browne was in practice as a barrister and solicitor in both commercial and civil litigation prior to joining the Group on 1 May 2006. Sales Director Central and Western Region Mr Peter Cappendell manages the sales and business development for the Group’s Western Australian and South Australian regions and has worked in corporate sales for 19 years and specifically in the ICT industry for 16 years.