CLEVELAND, April 1, 2005 (PRIMEZONE) -- Liberty Self-Stor, Inc. (OTCBB:LSSI) announced today the results of its March 31st special meeting of stockholders. Stockholders were asked to vote on a proposal to sell substantially all of Liberty's assets to U-Store-It pursuant to the terms of an asset purchase agreement more fully described in a proxy statement filed with the Securities and Exchange Commission on February 7, 2005. The proposal was approved by two-thirds of the outstanding shares of Liberty common stock represented in person or by proxy at the special meeting. Liberty intends to consummate the sale of its assets to U-Store-It as soon as practicable.
About Liberty
Liberty is a self-storage real estate investment trust headquartered in Mentor, Ohio. It owns and operates 20 self-storage facilities located in Ohio and New York. All 20 facilities are operated under the "Liberty Self-Stor, Ltd." trade name.
Forward-Looking Statements
Certain matters discussed within this press release may be deemed to be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Liberty believes the expectations reflected in such forward looking statements are based on reasonable assumptions, it can give no assurance that the sale of substantially of its assets will be completed. Factors that could cause actual results to differ materially from Liberty's expectations include risks detailed from time to time in Liberty's SEC reports and filings, including its annual report on Form 10-KSB, quarterly reports on Form 10-QSB and periodic reports on Form 8-K. Liberty assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.