Iron Mountain Expands Film & Sound Archives Services with Acquisition of Fort Lee Films Storage & Service Co., Inc.

Iron Mountain Expands Film & Sound Archives Services with Acquisition of Fort Lee Films Storage & Service Co., Inc.

Acquisition Broadens Footprint in the Northeast Region for Market Leader Already Serving the Five Major Studios and Top Five Recording Labels

BOSTON and FORT LEE, N.J., June 20 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated (NYSE:IRM), the world's trusted partner for records management and data protection services, today announced the expansion of its Film & Sound Archives business with the acquisition of the assets of New Jersey- based, Fort Lee Films Storage & Service Co., Inc., a regional leader in film and video storage. Financial terms of the deal were not disclosed.

This acquisition expands Iron Mountain's Film & Sound Archives services in the Northeast market and extends its reach into small- and medium-sized production houses and studios. As the pre-eminent repository for priceless film and sound assets, Iron Mountain currently counts among its customers the five major motion picture film studios and top five music recording labels. The Company's Film & Sound Archives business unit operates in all of the primary entertainment markets including Los Angeles, New York, Nashville, Toronto, London, Paris and Vancouver, as well as secondary markets such as Miami, Atlanta and Chicago.

"We are pleased to have the highly-regarded Fort Lee Films team join Iron Mountain to help meet the growing demand for our Film & Sound Archives services in the New York and New Jersey metropolitan market," said Jeff Anthony, vice president of Iron Mountain's Film & Sound Archives business unit. "Our customers recognize the need for a trusted partner with a multi- city and global presence to help them preserve their original film, videotape and sound recordings as irreplaceable cultural, historical and financial assets that will continue to generate significant revenues for years to come. The addition of Fort Lee Films offers us both talent and scale to help meet our customers' growing needs."

Fort Lee Films provides a wide range of film and video services for television distributors, broadcasters, laboratories, motion picture studios, editing houses, production companies, and in-house corporate audio-visual departments. Jeff Stone, general manager with Iron Mountain's Film & Sound Archives operation in the New York/New Jersey market, played a key role in the acquisition and will be responsible for the day-to-day operation of the business.

Jay Bonica, president of Fort Lee Films, commented, "We at Fort Lee Films Storage & Service Company, a family owned business in operation since 1964, are very enthusiastic about this acquisition. Because of Iron Mountain's expertise in the field and its commitment to optimum care and handling of our clients' valuable media assets, we anticipate immediate benefits for our clients as well as exciting new opportunities for our employees. This is a tremendous situation for us and we are eager to continue our work in the industry, implementing best practices and offering new solutions to clients as part of the Iron Mountain team."

With customers increasingly seeking ways to maximize revenues by repurposing existing media content and the need to protect their intellectual property, Iron Mountain ensures the long-term preservation and protection of these assets by archiving their precious media assets in specially engineered, climate-controlled facilities. Iron Mountain's Film & Sound Archives services include motion picture, audio and video preservation, inspection, cleaning, rejuvenation and duplication.

About Iron Mountain

Iron Mountain Incorporated (NYSE:IRM) is the world's trusted partner for records management and data protection services. Founded in 1951, the Company has grown to service more than 235,000 customer accounts throughout the United States, Canada, Europe and Latin America. Iron Mountain offers records management services for both physical and digital media, disaster recovery support services, and consulting -- services that help businesses save money and manage risks. For more information, visit the Company's web site at http://www.ironmountain.com/news.

Contact: Laura Sudnik Iron Mountain laura.sudnik@ironmountain.com (617) 535-2907

Ray Yeung / Jill Gumberg Brainerd Communicators, Inc. yeung@braincomm.comgumberg@braincomm.com (212) 986 6667

Source: Iron Mountain Incorporated

CONTACT: Laura Sudnik of Iron Mountain, +1-617-535-2907, laura.sudnik@ironmountain.com; or Ray Yeung, yeung@braincomm.com, or Jill Gumberg, gumberg@braincomm.com, both of Brainerd Communicators, Inc., +1-212-986-6667

Web site: http://www.ironmountain.com/

------- Profile: Ent