Data Storage Corporation Secures Sizable Subscription-Based Contract with One of the Largest Food Distributors in the United States
MELVILLE, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- 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 Corporation
Data 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 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 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, LLC
212-671-1020
DTST@crescendo-ir.com
SOURCE: Data Storage Corporation
Released July 27, 2023