NOVA Records Builds Growth Strategy in State

Posted on Aug 5, 2010 in Records Management News

Thurs­day, August 5, 2010

NOVA Records offers doc­u­ment destruc­tion and doc­u­ment stor­age ser­vices to its clients.
Photo Credit: Photo cour­tesy of NOVA Records NOVA Records Man­age­ment has upgraded its document-shredding and stor­age facil­i­ties in the Kanawha Valley.

CHARLESTON — NOVA Records Man­age­ment has upgraded its document-shredding and stor­age facil­i­ties in the Kanawha Val­ley and plans to make an addi­tional $1 mil­lion invest­ment in its local operations.

The upgrades are the result of the company’s growth locally, said Joe Pow­ers, senior sales exec­u­tive for NOVA. He added that Cor­ner­stone Records Man­age­ment, par­ent of NOVA, plans to use Charleston as a launch­ing pad for expan­sion into Ken­tucky and Tennessee.

Cor­ner­stone, he said, is a Maryland-based com­pany that is aggres­sively acquir­ing smaller doc­u­ment man­age­ment busi­nesses and expand­ing into new mar­kets. The com­pany now is in eight states, and more states are on the company’s expan­sion map, Pow­ers said.

Pow­ers said Cor­ner­stone acquired NOVA about a year ago, and the local busi­ness soon will adopt the Cor­ner­stone brand.

“This com­pany looks at West Vir­ginia as a strate­gic loca­tion,” he said, not­ing the Moun­tain State’s prox­im­ity to exist­ing mar­kets and new mar­kets. Its expe­ri­ence locally has dri­ven the growth, he said.

The com­pany cur­rently employs about 20 in West Vir­ginia, and it is look­ing for a site to expand in the north­ern part of the state, Pow­ers said. He said he expects the com­pany to add employ­ees as its busi­ness expands.

“The document-destruction side of the house is grow­ing and grow­ing here,” Pow­ers said. “Our equip­ment chops up shred to finer fibers, does cross cuts, to cus­tomer specifications.”

The com­pany secures shred­ded paper doc­u­ments and sells the mate­r­ial to a mill in Owens­boro, Ky., he said. The mill recy­cles the shred­ded paper immediately.

“It’s not sit­ting in a ware­house some­where, wait­ing to be sold,” he said.

The com­pany also offers stor­age ser­vices for com­pa­nies that want to pre­serve paper doc­u­ments and com­puter records, such as backup tapes, Pow­ers said. The NOVA vaults are secure and cli­mate con­trolled to pro­tect clients’ records.

Steve Sis­ney, CEO of Cor­ner­stone Records Man­age­ment, recently appeared with local offi­cials at an open house at NOVA’s Dun­bar facil­ity, say­ing the com­pany invested here to bet­ter serve its cus­tomers in the Charleston area.

Pow­ers said the com­pany serves an array of clients, many of which han­dle doc­u­ments that include per­sonal, health and finan­cial infor­ma­tion. He cited hos­pi­tals, law firms, banks and gov­ern­ment agen­cies as clients.

A Hunt­ing­ton native who has been with the com­pany for about 18 months, Pow­ers said NOVA offers cafeteria-style pric­ing for its services.

He said NOVA’s clients pay based on the fre­quency and type of ser­vices and the amount of mate­r­ial NOVA handles.

While NOVA offers pickup ser­vice for its clients, it also accom­mo­dates walk-in clients that typ­i­cally have smaller amounts of mate­ri­als to han­dle, Pow­ers said.

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