Data Storage Corporation Expands Contract with a Leading Business Process Solutions Provider
June 13 2024 - 8:00AM
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
automation, today announced that it has expanded its contract with
a leading provider of end-to-end business processes for their
customers globally. Through this six-figure expanded contract, the
Company will provide managed encrypted backup and recovery services
in addition to its already contracted infrastructure solutions.
This contract was secured through its CloudFirst subsidiary.
Chuck Piluso, CEO of Data Storage Corporation,
stated, “We are proud to have expanded this contract with a leading
business solutions provider as it further validates our ability to
meet the growing needs of our customers. We believe this agreement
is also a reflection of our ability to up-sell solutions adding
value for existing customers and the vast cross-selling
opportunities as a result of the consolidation of two of our
subsidiaries.”
About Data Storage
CorporationData Storage Corporation (Nasdaq: DTST) is a
family of fully integrated cloud-hosting, disaster-recovery, cyber
security, IT automation, and voice & data companies, built
around technical asset investments in multiple regions, providing
services to 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 in 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. The forward looking statements in this press release
include statements such as continuing to grow revenue and increase
profitability as the Company executes on its strategic initiatives,
the consolidation of the CloudFirst and Flagship subsidiaries
positioning the Company to optimize operations, leverage its
technical teams, realize greater efficiencies, and improve internal
resource allocation, while capitalizing on extensive cross-selling
and upselling opportunities among its customer networks, the two
meaningful announced contracts being just the first of many such
announcements that will come from the efforts of the combined
organizations, having developed a robust business strategy that we
will drive growth and secure sustainable profitability while
maximizing long term value for shareholders and providing
meaningful updates to shareholders as developments unfold. 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 forward-looking statements are based on management’s
expectations and assumptions as of the date of this press release
and are subject to a number of risks and uncertainties, many of
which are difficult to predict that could cause actual results to
differ materially from current expectations and assumptions from
those set forth or implied by any forward-looking statements.
Important factors that could cause actual results to differ
materially from current expectations include the Company’s ability
to execute and advance its growth strategies. 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, 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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