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Centershift Announces Store Endeavor™, a New Product Suite Designed for Large Operators

SALT LAKE CITY, Aug. 30, 2013 /PRNewswire/ -- Salt Lake City based Centershift, Inc. today announced the launch of a new product suite, Store Endeavor ('Endeavor').  Endeavor is a bundled product that encompasses the entire suite of Centershift's award winning technologies and services that allow large operators total control over their operational management system.  Store Endeavor is a turnkey packaging of hardware, database, hosting environment, source code, documentation, and professional consulting services that allow an operator to bring their operational management system completely "in house."   

Centershift acknowledges that it has entered into an agreement to sell a full instance of Store Endeavor to Extra Space Management, Inc.  "Extra Space is always looking to push the envelope from both an operational and technological standpoint, and having absolute control of the most mission critical system in their organization was the next logical step for them," said Mark Smith, Centershift Vice President of Product Management.  "They now have the ability to fully leverage the Store 4 platform according to their own strategic directions and in their own timeframe."  

"It has been no secret that one of the primary keys to our success in the industry has been our technology platform," said Clint Halverson, Vice President Investor Relations and Corporate Communications.  "We have always been a big advocate of Centershift's Store platform, but our growth has mandated that we take the next step and fully embed the Store platform into our organization.  We are excited about the opportunities that will arise from more seamless integration of all our internal systems."   

"We are pleased that the basic model we introduced to the self storage industry 12 years ago has been validated by the industry's technology leader," said Mr. Smith.  "We expect to be able to devote even more resources to the interests of our other medium and large clients in the immediate future."  

Although an exact timeframe has yet to be set, Centershift expects Extra Space to have full adoption of Endeavor by early 2014.  

About Centershift

Salt Lake City based Centershift, inc. Is the industry pioneer of Internet based management applications for self-storage. They currently provide management software for 2 of the 4 largest self-storage reits, as well as many other large ownership and management organizations. The Centershift Store™ application currently handles well over $1 billion in transactions annually and is the only application in the industry to undergo and pass a rigorous annual SSAE 16 SOC 1 Type 2 audit since 2007.  All audits were performed by a national accounting and audit firm. Together with its data center partner, Denver based ViaWest, Centershift manages multiple world-class data centers that provide around-the-clock monitoring, control, and security of their clients' business data.

Not just a developer of management software, Centershift is a complete solution provider to the self-storage industry. The centralized database model of the Store application was designed specifically for seamless integration with call centers, websites, corporate offices and other business systems to help self-storage operators of all sizes increase efficiencies and maximize profits. Their latest offerings, Store™ Enterprise and Store™ Advantage are the next generation of the successful Store rental management solution. These new products once again demonstrate Centershift's leadership and commitment to technology and innovation in the self-storage industry.  For additional information, visit www.centershift.com.

About Extra Space Storage

Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust.  As of June 30, 2013, the Company owned and/or operated 974 self-storage properties in 35 states, Washington, D.C. and Puerto Rico. The Company's properties comprise approximately 649,000 units and approximately 71.0 million square feet of rentable storage space offering customers conveniently located and secure storage solutions, including business storage. Extra Space Storage is the second-largest owner and/or operator of self-storage properties and is the largest self-storage management company in the United States. For more information, visit www.extraspace.com.

SOURCE Centershift, Inc.

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