Data Storage Corporation Secures Seven-Figure Order with a Forbes Global 2000 Listed Company
May 12 2023 - 11:30AM
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 its wholly owned subsidiary,
Flagship Solutions Group, has secured a multi-million-dollar order
with a Forbes Global 2000 listed company.
“We are thrilled to be expanding our
relationship with this existing customer, which has resulted in a
seven-figure order,” commented Tom Kempster, President of Flagship.
“Given the global footprint of this customer, we believe this
agreement is further validation of our ability to provide products
and services that meet the needs of large enterprise customers. Our
primary focus remains growing our recurring, revenue. We continue
to deepen our penetration within the customer offering add-on
recurring, managed services. We look forward to working closely
with this customer and pursuing additional opportunities
together.”
Chuck Piluso, CEO of Data Storage Corporation,
added, “We continue to build upon Flagship’s great brand throughout
the USA with their excellent array of solutions and deep
partnerships. We look forward to further penetrating this
multi-billion dollar market.”
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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