Business
Less Mess Storage Inc. Provides Corporate Update
Vancouver, BC / ACCESSWIRE / September 10, 2014 / Less Mess Storage Inc. (“Less Mess&...
About this update from Latin Metals Inc
[{"type":"text","content":"Less Mess Storage Inc. Provides Corporate UpdateVancouver, BC / ACCESSWIRE / September 10, 2014 / Less Mess Storage Inc. (“Less Mess” or the “Company”) (TSX VENTURE:LMS) is pleased to provide a corporate update to its shareholders and the investing community. The corporate update can be accessed through the following link: http://www.accesswire.com/uploads/LMS-Corporate-Update-201409.pdf.\nHighlights from the corporate update include:\n- Since April 2014, when Less Mess acquired its five self-storage stores in Poland and the Czech Republic, occupancy rates have increased across all five stores and averaged 80% at the end of August;\n- The Company has launched its new website at http://www.lessmess-storage.com/;\n- All five stores are in the process of being re-signed and re-branded, with a particular focus on ensuring high visibility and simplifying the self-storage offer message to prospective customers;\n- The Company has simplified its overseas corporate structure, which will reduce administrative costs and VAT leakage in the Czech Republic;\n- The Company continues to investigate opportunities for new store sites in Warsaw and is currently negotiating acquisition prices and periods of exclusivity for several prospective locations;\n- The Company also intends to add additional self-storage space to its Holesovice store in Prague; and\n- The Company’s has completed a major IT upgrade and overhaul, which will result in significant cost savings.\nAbout the Company\nLess Mess Storage Inc. owns and operates the largest self-storage chain in Central and Eastern Europe, with a portfolio of five stores, two in Warsaw (both freehold) and three in Prague (two freehold, one leasehold), offering over 180,000 square feet of net lettable area. Total revenues in 2013 were over $4 million and average store occupancy was approximately 80%. The Company plans to add additional stores and rentable space in Warsaw and Prague in the future. The Company's registered and records office is located in Vancouver, British Columbia, its operations head office is located in Warsaw, Poland, and it also has offices in Prague, Czech Republic.\nFor further information, please refer to the Company's disclosure record on SEDAR (http://www.sedar.com/) or contact the Company by telephone at 778.999.7030.\nON BEHALF OF THE BOARD\...