July 9, 2007
7/9/2007
PODS Media Contact:
Sam Hensley, Chief Financial Officer
727.538.6341
shensley@pods.com
PODS Inc. To Explore Strategic Alternatives
Clearwater, Florida - July 9, 2007…PODS, Inc., an international provider of mobile storage and moving solutions for residential and business customers, announced that its Board of Directors has authorized commencement of a process to explore a broad range of potential strategic alternatives to maximize shareholder value. The Company has retained Morgan Stanley to act as its financial advisor in this process, which is expected to take several months. There is no assurance that the exploration of strategic alternatives will result in a transaction and the Company does not expect to disclose additional details unless and until its Board of Directors has approved a specific transaction.
Peter S. Warhurst, President and CEO, said: “Our business is performing well both operationally and financially. As we explore our strategic alternatives, we will continue to remain focused on our business and executing our plans.”
About PODS
In 1998 PODS revolutionized the moving and storage industry by originating the concept of transporting mobile storage containers. The convenient, cost-effective service is unique in that the patented hydraulic lift system (only available with PODS) is designed to significantly reduce shift in contents while the PODS brand container is being loaded onto the truck for transport. The container is then securely transported state to state or internationally.
Currently, the PODS network provides service to a population of approximately 230 million consumer and businesses in the US, Canada, and Australia and there are over 121,600 PODS brand containers in service. To date over 805,300 reservations have been completed by PODS and over 120,800 long distance relocations have been performed.