Data Storage Corporation Secures Sizable Subscription-Based Contract with One of the Largest Food Distributors in the United States
27 July 2023 - 11:00PM
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, today announced it has secured a multi-year,
subscription-based contract with one of the largest food
distributors in the United States. The Company will provide managed
disaster-recovery solutions for the client to reduce recovery time
of critical data and allow them to resume normal business
operations more quickly.
Hal Schwartz, President of CloudFirst, stated,
“More and more companies are realizing the advantages of putting
business continuity solutions in place that will allow IT
operations to run seamlessly. We provide security and reliability
with custom-built solutions to meet the needs of our clients
regardless of the industry. With this recent contract with a large
food distributor, we believe we are well-positioned to aggressively
penetrate this industry and support similar clients.”
Chuck Piluso, CEO of Data Storage Corporation,
commented, “We continue to secure high-margin, subscription-based
contracts, which we believe validates our ability to provide these
much-needed enterprise resources, services, and superior support to
our clients. Specifically, with this contract, we have gained a
large footprint in this vertical, enhancing our reach within the
food industry, and providing new growth opportunities. We are proud
to be supporting this premier client and look forward to exploring
additional solutions for implementation 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.comSOURCE: Data
Storage Corporation
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