Data Storage Corporation Expands Contract with a Global Telecommunications Company
25 January 2024 - 3:45AM
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 that it has secured a six-figure contract
with a multinational telecommunications company to replace and
maintain its old tape library with new advanced backup technology.
The Company has had an established relationship with this
multinational corporation for over a decade and this new contract
expands on the current solutions provided by Data Storage
Corporation.
“We are proud to have maintained a long-term
successful relationship with this multinational corporation for
over twelve years,” commented Thomas Kempster, Chief Executive
Officer of Flagship. “In addition to the equipment and services we
currently provide, we designed, customized, and are implementing a
new backup solution with advanced technology to increase their
storage capacity, while utilizing less tape and meeting compliance
requirements in multiple countries. Installation is well underway
and we look forward to working closely with this organization for
years to come.”
About Data Storage CorporationData
Storage Corporation (Nasdaq: DTST) is a family of fully integrated
cloud-hosting, disaster-recovery, cyber security, 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 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 X
(@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 the merger of subsidiaries enabling the
Company to continue to streamline operations, grow its technical
teams, achieve further economies of scale and enhance resource
allocation internally, the Company’s ability to leverage the vast
cross-selling and upselling opportunities across respective
customer bases and continue delivering exceptional value to its
customers, the growth expected of the united company, the
combination providing a unified platform to capitalize on the vast
opportunities within the market and increase customer penetration,
the merger resulting in improved business efficiencies, while
effectively reducing redundant resources and expenses and the
Company having built a scalable organization poised for accelerated
growth by combining Flagship’s experienced leadership team with
CloudFirst. 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 continue to streamline operations, grow its technical teams,
achieve further economies of scale and enhance resource allocation
internally, the Company’s ability to leverage the cross-selling and
upselling opportunities across respective customer bases and
continue delivering exceptional value to its customers and the
Company’s ability to achieve the growth expected of the united
company and increase customer penetration. 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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