ARCHIVESONE SECURES ADDITIONAL $20 MILLION
IN SENIOR DEBT FINANCING FROM BANK OF AMERICA SYNDICATE

MIDDLEBURY, CT / NOVMBER 29, 2006 - ArchivesOne, Inc. of Middlebury, CT, the third largest records management and document storage company in the U.S., announced today that it has raised an additional $20 million of senior debt financing from Bank of America, one of the world's leading financial services companies. This additional capital will allow ArchivesOne to continue to execute on its organic and acquisition growth strategy. ArchivesOne has completed 31 acquisitions over the past 15 years and is aggressively seeking to purchase additional private records management companies. The new financing is an expansion of the $50 million senior debt financing raised from Bank of America in October of 2005.

"ArchivesOne has now raised approximately $120 million in senior debt, mezzanine debt, preferred equity and common equity to fund its growth” stated Scott Brabant, ArchivesOne’s Chief Financial Officer.  In addition to Bank of America, Banknorth, Inc. of Portland, ME; Webster Bank of Waterbury, CT; ABRY Partners LLC of Boston, MA and HV Capital Investors, a Detroit mezzanine firm, form the capital structure of ArchivesOne. Equity investors, led by Housatonic Partners, a Boston based private equity firm and current ArchivesOne common shareholders, and FARM Capital Services, have provided equity financing.  “The Bank of America senior debt relationship, now expanded to $70 million, gives ArchivesOne the flexibility needed in this critical stage of our company’s evolution,” Brabant stated.

There has been considerable interest from the capital markets in ArchivesOne over the past few years.  This is attributable to several factors including; sustained five year compound annual growth rate in revenues of 41%, consistent financial results as evidenced by five year compound annual growth in EBITDA of 54%, commitment to operational excellence as driven by its unique Core Operation Procedures process, a dedication to operational integration of its records centers, and industry leading training of team members.