LADERA RANCH, CA -- (Marketwired) -- 06/17/13 -- SmartStop® Self Storage and Ortho Development Corporation have signed on as sponsors of the Mount Everest expedition planned next year by Greg Paul, a veteran adventurer and climber who will attempt to reach the top of the world after undergoing his second total knee replacement.
The Utah climber's 2012 attempt was denied after extreme weather, poor route conditions and over-crowding forced guides to cancel the expedition. Paul is recovering from a recent total knee replacement -- his other knee was replaced in 2008 -- but now feels he is ready for the serious training regimen necessary to be ready for his 2014 attempt.
"My 2012 expedition was the first commercial expedition to be outright cancelled before anyone had a chance to make a summit attempt. I felt like I had climbed well in 2012 and had what it takes to summit. However, I'll never know for sure unless I'm given the opportunity to try again," said Paul.
To his knowledge, Paul will attempt to be the first to summit Everest with two artificial knees. The corporate sponsorships will help finance preparatory climbs, air travel, the expedition itself and other expenses.
"SmartStop embraces people trying to reach new heights," said H. Michael Schwartz, chairman and CEO of Strategic Storage Trust, Inc. (SSTI), a public REIT targeting the self-storage market under the retail brand SmartStop Self Storage. "Back in 2008, the SmartStop brand did not exist and today it is used on self-storage facilities representing almost $700 million in assets. SmartStop is an example of what is possible."
To help Paul with his journey, Ortho Development Corporation of Draper, Utah (the manufacturer of his artificial knees), also is sponsoring his 2014 Everest summit attempt. "If I can get to the top of Everest with my Ortho knees, anybody ought to be able to climb stairs or play a round of golf with them," Paul said.
"Ortho Development is passionate about developing products that alleviate pain and improve the quality of life for patients suffering from limitations brought on by arthritis," says Brent Bartholomew, President of Ortho Development. "Greg Paul is an inspirational embodiment of our company's vision. We are proud to have designed and manufactured the knee replacement implants, right here in our Utah facility that will help a fellow Utahn reach the top of the world."
After 30 years in the real estate securities industry, Paul helped create Central Trade and Transfer (CTT), an online ebay-style auction service for illiquid securities in 2010. Paul also is one of the owners of Utah's largest indoor climbing gym, Momentum Indoor Climbing in Sandy, and the Momentum Adventure Center, a travel agency for people seeking mountaineering and rock climbing adventures in Utah and elsewhere in the United States and worldwide.
An accomplished mountaineer, Paul is on his way to complete the ascent of the world's Seven Summits. So far, he has Aconcagua under his belt and has attempted Denali and Elbrus, however, he was forced back by bad weather on both expeditions.
To get ready for Everest, Paul is training hard. "It takes a year to prepare physically and mentally for Everest," he said. "I plan on doing some preliminary climbs this summer of Mount Rainer, the Grand Teton, Mount Washington and numerous local climbs to make sure my knees and my body, in general, are up to the task. I have also entered some of the hardest endurance bike races in my region."
In October, he intends to return to Nepal to climb a difficult route on Ama Dablam, known as the Matterhorn of the Himalayas, as a final test before returning to Everest.
Paul will chronicle his Everest attempt on his blog, www.gregclimbing.com, "of all my activities related to going back and climbing Everest." His adventure also will be tracked on SmartStop's blog and social media platforms and he will take sponsor banners "to be displayed and photographed throughout the journey and hopefully on all the summits."
Paul, age 58, added, "I want to be a role model for all those aging baby boomers who think or feel they're too old to pursue their passions and dreams."
About SmartStop® Self Storage
SmartStop® Self Storage offers affordable, accessible and secure storage space for residential and commercial customers. SmartStop offers secure interior and exterior units as well as outside storage areas for vehicles, RVs and boats. In addition to features such as keypad access, security gates and video surveillance, the facilities also utilize well trained on-site associates to provide customers with the highest standard of service in the industry. To view our properties and locations or to find a nearby storage facility, visit www.smartstopselfstorage.com
About Strategic Storage Trust, Inc.
Strategic Storage Trust, Inc. (SSTI) is one of five publicly registered self-storage REITs in the United States and is one of the fastest growing self-storage REITs nationwide. The SSTI management team is comprised of industry veterans with extensive institutional experience in the acquisition and property management of self-storage properties. Since the launch of SSTI in 2008, the company's portfolio of wholly-owned properties has expanded to include 110 properties in 17 states and Canada that are being branded as SmartStop® Self Storage. The portfolio includes approximately 70,000 self-storage units and 8.8 million rentable square feet of storage space.
For more information about SSTI, please call 949-429-6600 or visit www.strategicstoragetrust.com
About Ortho Development Corporation
Ortho Development® Corporation is an orthopedic device design and manufacturing company focused on hip and knee joint reconstruction, spine treatment, and trauma products. Ortho Development is dedicated to making premium products and delivering superior service and value. The company is located at the base of the Wasatch Mountains in the Salt Lake City suburb of Draper, Utah.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company's prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.
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