For Immediate Release

February 1, 2008

San Diego, CA- Equity Based Services, Inc. (“EBS”), a private real estate investment and management firm, announced today that it has completed the $3.5 million expansion for their facility, EZ Stor Mini Storage in Peoria, Arizona.

EBS’ new 42,000 square foot expansion to the EZ Stor Mini Storage facility located at, 10151 North 98th Avenue, Peoria, Arizona, was completed in January 2008, and as of February 1st this facility has received the Certificate of Occupancy. EZ Stor expansion will further service a market that has the need for additional self storage options, and allowed EBS to expand their market penetration and presence in a highly competitive location.

“This expansion allows EBS to further infiltrate the Phoenix market and fully capitalize on an extremely vibrant and expanding city,” Stephen Kaplan EBS, CEO.

This new facility boasts a total of 330 storage units varying in sizes from 5’ X 5’ to 10’ X 10’. The new construction allowed EBS to build a state of the art facility with 90% climate controlled units, electronic gate access control, video surveillance, and a new 600 square foot management office.

Gregg Caledonia, Managing Member says, “We have already received reservations for approximately 15% of the units, in fact move-ins will begin as early as February 4th, confirming that this was the correct decision for this market area.”

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About EBS

Equity Based Services, Inc. (EBS) is a private equity real estate company specializing in the opportunistic acquisition and management of self-storage commercial property. EBS currently owns and operates 45 Self-Storage properties in 9 states worth more than $168,000,000.00. EBS also manages a family of equity funds for institutional and high net worth individual investors. EBS Funds invest in both stabilized income producing commercial property and value added, opportunistic commercial real estate. The EBS Income Fund, the EBS Income and Growth Fund II, and the Pilot Equity Value Added Fund all closed in 2007 and represent more than $18,000,000.00 in equity contributions. All American Property Management, Inc., an EBS Company, aggressively manages all portfolio properties to maximize returns to Investors. For more information, contact Katie Raden at 619-220-6700.