Data Storage Corporation Secures Seven-Figure Order with a Forbes Global 2000 Listed Company
MELVILLE, N.Y., May 12, 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, 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 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.
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Released May 12, 2023