Data Storage Corporation Announces the Appointment of Chris Panagiotakos as Chief Financial Officer
May 21 2021 - 8:00AM
Data Storage Corporation (Nasdaq: DTST) (“DSC” and
the “Company”), a provider of diverse business continuity, disaster
recovery protection, and cloud infrastructure solutions and
services, today announced that Chris Panagiotakos has joined Data
Storage Corporation (DTST) as Chief Financial Officer.
Mr. Panagiotakos has over 23 years of public company accounting
experience, and brings a broad range of experience related to
public company accounting matters. Mr. Panagiotakos previously
served as the Vice President and Corporate Controller of Cinedigm
Corp. (Nasdaq: CIDM) from April 2017 until March 2021, where he was
responsible for the company’s accounting function, oversight of the
company’s external audit, compliance and controls in addition to
staff training and development. Previously, he served as Cinedigm’s
Corporate Assistant Controller from October 2013 to April 2017.
From September 2004 to October 2013, Mr. Panagiotakos served in
various capacities in the accounting department at Young
Broadcasting Inc., including as Controller of one its divisions and
Assistant Corporate Controller. Mr. Panagiotakos holds a Bachelor
of Business Administration in Accounting from Bernard M. Baruch
College, a Masters of Business Administration from Texas A&M
University-Commerce, and is a Certified Public Accountant.
Chuck Piluso, CEO of the Company, commented, “I
am delighted to welcome Chris to this new role following our recent
public offering and uplisting to Nasdaq. I believe he will be an
important addition to the senior management team as we focus on our
efforts to accelerate our organic growth and integrate Flagship
Solutions’ operations so that we may establish ourselves as a
leading provider in the growing multi-billion dollar global IBM
Power markets.”
About Data Storage
Corporation
The Company delivers and supports a broad range
of premium technology solutions focusing on IaaS, data storage
protection and IT management. Clients look to DSC to ensure
disaster recovery, business continuity, enhance security, and to
meet increasing industry, state and federal regulations. The
Company markets to businesses, government, education and the
healthcare industry by leveraging leading technologies. Through its
business units, the Company provides IaaS, SaaS, DRaaS, VoIP, IBM
Power systems and storage hardware with managed IT services. For
more information, please visit http://www.DataStorageCorp.com.
Safe Harbor Provision
This 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
generally can be identified by the use of forward-looking
terminology such as "may," "will," "expects," "intends," "plans,"
"projects," "estimates," "anticipates," or "believes" or the
negative thereof or any variation thereon or similar terminology or
expressions. These forward-looking statements are based upon
current estimates and assumptions and include statements regarding
the expected contribution of Mr. Panagiotakos, the Company’s future
growth potential and timing, integrating the Flagship Solutions’
operations and establishing the Company as a leading provider in
the growing multi-billion dollar global IBM Power markets.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from results
proposed in such statements. 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. Important factors that could cause
actual results to differ materially from the Company's expectations
include, but are not limited to, Mr. Panagiotakos’ contribution to
the senior management team, the Company’s ability to accelerate
organic growth, the Company’s ability to complete the Flagship
Solutions acquisition as planned and successfully integrate its
operations, the Company’s ability to establish itself as a leading
provider in the U.S. and global IBM Power markets and the growth
and size of those markets, and those risk factors set forth in the
Company's Annual Report on Form 10-K for the year ended December
31, 2020 and its other filings and submissions with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made.
Except as required by law, the Company assumes no obligation to
update or revise any forward-looking statements.
Contact:Crescendo Communications,
LLC212-671-1020DTST@crescendo-ir.com
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