Data Storage Corporation Announces Upgrade to the OTC Bulletin Board
GARDEN CITY, NY -- (MARKET WIRE) -- 02/27/12 -- Data Storage Corporation (DSC) (OTCBB: DTST), a cloud storage and cloud computing company focusing on data protection and business continuity solutions, today announced that its common stock has been cleared to be quoted on the OTC Bulletin Board Exchange.
"After a successful 2011, this is an excellent way to kick-off 2012," said Chuck Piluso, chairman and CEO. "With so many companies delisting from various stock exchanges due to economic and other factors, we believe this is a true testament to our team's commitment to providing innovative services, such as our cloud Infrastructure-as-a-Service offering, that meet the demands of small and mid-sized organizations across North America. This upgrade to the OTC Bulletin Board will give the company exposure to a larger pool of investors and key industry influencers."
DSC experienced significant growth in 2011 and has positioned itself for further expansion through both acquisitions and organic growth in the coming years. Capping off the year with an Equity Line of $20 million, the company also expanded its executive team, opened a New York City office, expanded its data centers, formed additional strategic partnerships, was named Asigra's "Partner of the Year," and officially entered the cloud computing Infrastructure-as-a-Service (IaaS) market. According to Gartner in a 2011 press release, the cloud IaaS market is "poised for strong growth with worldwide IaaS forecast to grow from an estimated $3.7 billion in 2011 to $10.5 billion in 2014." This combined with a $39 billion marketplace for Disaster Recovery and Business Continuity positions DSC for excellent growth and opportunity.
About Data Storage Corp.
DSC provides cloud storage and cloud computing focused on data protection, disaster recovery and business continuity solutions that assist organizations in protecting their data, minimize downtime, ensure regulatory compliance, and recover and restore data quickly. DSC's clients save time and money, gain more control and better access to data and enable the highest level of security for that data. The company's solutions include: data backup and storage, replication; high availability data replication services; email archive and compliance solutions for e-discovery; continuous data protection; data de-duplication; virtualized system recovery; and telecom recovery services. Headquartered in Garden City, N.Y., DSC offers its solutions and services to healthcare, banking and finance, distribution services, manufacturing, construction, education, and government industries. For more information on DSC, visit www.datastoragecorp.com.
Cautionary Statement on Risks Associated with Data Storage Corporation -- Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 by Data Storage Corporation that are subject to risks and uncertainties. The words "believe," "expect," "anticipate," "intend," "plan," "estimate," "may," "should," "could," and similar expressions are intended to identify such statements. Forward-looking statements are not guarantees of future performance and are to be interpreted only as of the date on which they are made. Data Storage Corporation undertakes no obligation to update or revise any forward-looking statement except as required by law. Data Storage Corporation advises investors that it discusses risk factors and uncertainties that could cause Data Storage Corporation's actual results to differ from forward-looking statements in its periodic reports filed with the Securities and Exchange Commission ("SEC"). Data Storage Corporation's SEC filings can be accessed through the SEC's EDGAR Database at www.sec.gov (Data Storage Corporation has EDGAR CIK No. 0001419951).
Data Storage Corporation, SafeData and the Data Storage Corporation logo are trademarks Data Storage Corporation. All other trademarks or registered trademarks are properties of their respective owners.
Media Contact: Karen Higgins A & E Communications, Inc. (610) 831-5723 Email Contact Investor Contact: Chuck Piluso Data Storage Corporation (212) 564-4922 x102 Email Contact
Source: Data Storage Corp.
Released February 27, 2012