WLSC Williams Scotsman Intl (MM)

Williams Scotsman, Inc. today announced the acquisition of approximately 120 mobile office and storage container units from Anchorage-based Arctic Modular, Inc., Alaska�s largest supplier of prefabricated buildings to schools, commercial businesses, construction companies, and oil and mining developers for more than 40 years. The transaction, which is structured as an asset purchase, is intended to support Williams Scotsman�s business and fleet expansion strategy in the growing Alaskan market, with a focus on oil and gas exploration, production, and distribution. According to a recent survey published by Petroleum News, Alaska holds great potential for oil and gas exploration. Recognizing the need for workforce housing camps at drill sites, Williams Scotsman is uniquely positioned to provide an array of specialized projects and services to meet the needs for these customers who tend to work under extremely rigorous conditions. Fleet assets from the acquisition will be folded into the operations of the company formerly known as Alaska Modular Space, which was Williams Scotsman�s first foray into Alaska. �We are enthusiastic about our expanded presence in Alaska,� commented Alec McDonald, vice president and general manager for Williams Scotsman Canada. �This deal combined with our March acquisition of Alaska Modular Space underscores our commitment to providing efficient temporary and permanent facilities, particularly workforce camps.� About Williams Scotsman International, Inc. Williams Scotsman International, Inc., through its subsidiaries, is a leading provider of mobile and modular space solutions for multiple industry sectors, including the Construction, Education, Commercial, Healthcare and Government markets. The company serves over 30,000 customers, operating a fleet of over 115,000 modular space and storage units that are leased through a network of more than 100 locations throughout North America and Spain. Williams Scotsman provides delivery, installation, and other services, and sells new and used mobile office products. Williams Scotsman also manages large modular building projects from concept to completion. Williams Scotsman is a publicly traded company (NASDAQ:WLSC) headquartered in Baltimore, Maryland with operations in the United States, Canada, Mexico, and Spain. For additional information, visit the company�s web site at www.willscot.com, call (410) 931-6066, or email to Michele.Cunningham@willscot.com. All statements other than statements of historical fact included in this press release are forward-looking statements and involve expectations, beliefs, plans, intentions or strategies regarding the future. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it assumes no responsibility for the accuracy and completeness of these forward-looking statements and gives no assurance that these expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company�s expectations are disclosed under �Risk Factors� and elsewhere in the Company�s 10-K, 10-Q and other SEC filings, including, but not limited to, substantial leverage and its ability to service debt, changing market trends in its industry, general economic and business conditions including a prolonged or substantial recession, its ability to finance fleet and branch expansion and to locate and finance acquisitions, its ability to implement its business and growth strategy and maintain and enhance its competitive strengths, intense industry competition, availability of key personnel and changes in, or the failure to comply with, government regulations. The Company assumes no obligation to update any forward-looking statement.