Data Storage Corporation Secures Multi-Million Dollar Contract with a Leading Business Process Solutions Provider
June 29 2023 - 7:30AM
Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”),
a provider of diverse business continuity solutions for
disaster-recovery, cloud infrastructure, cyber security, and IT
services, announced today that it has secured a multi-million
dollar contract with a leading provider of end-to-end business
processes for customers globally through its CloudFirst subsidiary.
The Company has been contracted to provide cloud based
infrastructure to support the client’s large data sets with 24x7
dedicated support as well as provide data recovery solutions to
keep the client’s business running at full performance during
planned maintenance or unplanned downtime.
Chuck Piluso, Chief Executive Officer of Data
Storage Corporation, commented, “We are proud to have secured this
substantial subscription-based contract with a leading business
process solutions provider who has customers around the world. This
client was looking to outsource their power systems and following
an extensive analysis, they deemed our company and solutions to be
superior to competitors on the market. Specifically, we were
selected given our ability to execute and deliver a fully managed
solution that addresses the client’s needs while enabling increased
support as they grow over time. We are currently implementing our
solutions and look forward to exploring additional opportunities
with this client in the future.”
About Data Storage CorporationData Storage
Corporation (Nasdaq: DTST) is a family of fully integrated cyber
security, cloud infrastructure, and voice & data companies,
built around investments in proprietary IT solutions for a broad
range of domestic and global customers, including Fortune 500
clients, across a wide range of industries, such as government,
education, and healthcare, with a focus on the rapidly growing,
multi-billion-dollar business continuity market. A stable and
emerging growth leader in cloud infrastructure support, DTST
companies operate regional data center facilities across North
America, sustainably servicing clients via recurring subscription
agreements. Additional information about the Company is available
at: www.dtst.com and on Twitter (@DataStorageCorp).
Safe Harbor ProvisionThis press release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended, that
are intended to be covered by the safe harbor created thereby.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results, performance or achievements to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Statements preceded by, followed by or that otherwise
include the words “believes,” “expects,” “anticipates,” “intends,”
“projects,” “estimates,” “plans” and similar expressions or future
or conditional verbs such as “will,” “should,” “would,” “may” and
“could” are generally forward-looking in nature and not historical
facts, although not all forward-looking statements include the
foregoing. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can
provide no assurance that such expectations will prove to have been
correct. These risks should not be construed as exhaustive and
should be read together with the other cautionary statements
included in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, subsequent Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K filed with the Securities and
Exchange Commission. Any forward-looking statement speaks only as
of the date on which it was initially made. Except as required by
law, the Company assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, changed circumstances or otherwise.
Contact:Crescendo Communications,
LLC212-671-1020DTST@crescendo-ir.com
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