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StorageVault Appoints Andrew Brown as President of RecordXpress

T.SVI

TORONTO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce the appointment of Andrew Brown to the position of President - RecordXpress. Andrew will oversee StorageVault’s records and information management business as we continue to introduce integrated Records Management, Data Management, Digital Services, Shredding, Warehousing, and Fulfillment solutions for our customers across Canada.

“Andrew brings strong leadership experience to our records, information management and digital platform,” said Steven Scott, CEO of StorageVault. “His breadth of knowledge across sales, strategy and operations will accelerate growth and help realize our vision for RecordXpress. We are extremely excited to add Andrew’s proven leadership and strong understanding of the Canadian business landscape.”

Andrew has 25+ years of go-to-market experience leading large teams for the some of the world’s premier information management companies. Andrew served as Global Senior Vice President of Digital Business Development at Iron Mountain where he led all business initiatives involving digital transformation and workflow automation around the globe. He also held several senior leadership roles such as SVP General Manager North America- Digital services where he oversaw the North American Digital Business.

“The opportunity to provide the Canadian market with a true Canadian alternative to foreign based competitors was what first excited me about joining StorageVault and RecordXpress,” said Brown. “After getting to know the leadership team at StorageVault and understanding the vision of becoming Canada's first choice for all things storage, I was all in.”

Andrew received his Bachelor of Arts from the University of Western Ontario and his MBA from American International College. He has also completed advanced level courses in business and technology at Harvard and MIT. Additionally, Brown is a member of NRC, iSigma and ARMA.

About StorageVault Canada Inc.
StorageVault owns and operates 238 storage locations across Canada. StorageVault owns 203 of these locations plus over 4,500 portable storage units representing over 11.2 million rentable square feet on 660 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, ‎such as document and media storage, imaging and shredding services.

For further information, contact Mr. Steven Scott or Mr. Iqbal Khan:

Tel: 1-877-622-0205

ir@storagevaultcanada.com

Forward-Looking Information: This news release contains “forward-looking information” within the meaning ‎of applicable Canadian securities legislation. All statements, other than statements of historical fact, included ‎herein are forward-looking information. In particular, this news release contains forward-looking information ‎in relation to: RecordXpress, including, StorageVault’s potential acceleration of growth and the realization of the vision of the RecordXpress business, including the records, information management and digital platform (collectively, the “RecordXpress Business”). This forward-looking ‎information reflects StorageVault’s current beliefs and is based on information currently available to ‎StorageVault and on assumptions StorageVault believes are reasonable. These assumptions include, but are not ‎limited to: market acceptance of the RecordXpress Business; customers using the RecordsXpress Business as anticipated, and the RecordXpress Business operating as management expects. Forward-‎looking information is subject to known and unknown risks, uncertainties and other factors that may cause the ‎actual results, level of activity, performance or achievements of StorageVault to be materially different from ‎those expressed or implied by such forward-looking information. Such risks and other factors may include, ‎but are not limited to: general business, economic, competitive, political and social uncertainties; market and customer acceptance of the RecordXpress Business; general ‎capital market conditions and market prices for securities; delay or failure to receive third party or regulatory ‎approvals; the actual results of StorageVault’s future operations; competition; changes in legislation, including ‎environmental legislation, affecting StorageVault; the timing and availability of external financing on ‎acceptable terms; lack of qualified, skilled labour or loss ‎of key individuals; risks related to the COVID-19 pandemic including various recommendations, orders and ‎measures of governmental authorities to try to limit the pandemic, including travel restrictions, border ‎closures, non-essential business closures, service disruptions, quarantines, self-isolations, shelters-in-place and ‎social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a ‎deterioration of general economic conditions including a possible national or global recession; and the impact ‎that the COVID-19 pandemic may have on StorageVault which may include: a short-term delay in ‎payments from customers, an increase in accounts receivable and an increase of losses on accounts ‎receivable; decreased demand for the services that StorageVault offers; and a deterioration of ‎financial markets that could limit StorageVault’s ability to obtain external financing. A description of ‎additional risk factors that may cause actual results to differ materially from forward-looking information can ‎be found in StorageVault’s disclosure documents on the SEDAR website at www.sedar.com. Although ‎StorageVault has attempted to identify important factors that could cause actual results to differ materially ‎from those contained in forward-looking information, there may be other factors that cause results not to be as ‎anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. ‎Readers are further cautioned not to place undue reliance on forward-looking information as there can be no ‎assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking ‎information contained in this news release is expressly qualified by this cautionary statement. The forward-‎looking information contained in this news release represents the expectations of StorageVault as of the date ‎of this news release and, accordingly, is subject to change after such date. However, StorageVault expressly ‎disclaims any intention or obligation to update or revise any forward-looking information, whether as a result ‎of new information, future events or otherwise, except as expressly required by applicable securities law.‎


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