Press Release - New Acquisitions Ohio, New Jersey, New York Ohio, New York, New Jersey Closings – Wednesday, January 24, 2007 For Immediate Release ORLANDO, Fla. – OB Companies/Simply Self Storage, a diversified real estate developer of self storage businesses, announced that it has acquired two separate self storage portfolios January 24, 2007. Simply Self Storage acquired a portfolio of 8 properties in Ohio consisting of 5,890 units with 725, 618 rentable square feet. They also acquired 2 facilities consisting of 2,246 units in New York and New Jersey with 144,115 total rentable square feet. The sellers were represented by Storage Investment Advisors out of Houston, TX and MJ Partners out of Chicago, IL. Simply Self Storage, based in Orlando, FL., has offices and self storage projects in Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas, Rhode Island and Puerto Rico. Simply Self Storage has over 10.1 million square feet of storage space and over 150 operating self storage facilities. For further information, please contact Jessica Wolf at OB Companies/Simply Self Storage, JWolf@obcompanies.com. Kurt O’Brien Chief Executive Officer OB Companies/Simply Self Storage 7932 W. Sand Lake Rd., Suite 108 Orlando, FL 32819 407-248-7878 – Phone 407-248-9048 - Fax