kschmutzler@obcompanies.com

OB COMPANIES SECURES $30 MILLION EQUITY

CARMEL, INDIANA – MAY 2, 2005 – OB Companies is pleased to announce that they have secured $30 million in private equity to continue the rapid expansion of our Simply Self Storage division. This is the second round of equity infused into OB Companies by this private investor group, after the initial funding last year demonstrated the strength of the Simply product line and the ability of OB Companies to generate outstanding returns.

“Simply is already the fastest growing storage brand in the country,” said Kurt O’Brien, OB Companies’ Founder and President. “With this additional equity, we will be able to accelerate our expansion – which is already moving forward at a pace currently unmatched in our industry.” The additional equity will help OB Companies reach its target of an additional 50 facilities operating nationally under the Simply Self Storage brand name within the next 36 months. Already number 45 in the country (according to the Mini Storage Messenger 2005 Top Operator Survey), the company shows no signs of stopping there.

Simply is a leader in technological and marketing innovations in self storage – from automated kiosk running unmanned facilities to their Everyone Wins program which provides free storage for not-for-profit entities. Simply has offices in Indiana, Illinois, Michigan, Ohio, Missouri, and Florida. Simply offers a broad range of self storage expertise, including storage construction, development, third-party management, consulting and seminars. For more information, call (317) 573-1290, email kschmutzler@obcompanies.com or visit www.obcompanies.com.