Data Storage Corporation Secures Multi-Million Dollar Contract with a Leading Business Process Solutions Provider

MELVILLE, N.Y., June 29, 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 it has secured a multi-million dollar contract with a leading provider of end-to-end business processes for customers globally through its CloudFirst subsidiary. The Company has been contracted to provide cloud based infrastructure to support the client’s large data sets with 24x7 dedicated support as well as provide data recovery solutions to keep the client’s business running at full performance during planned maintenance or unplanned downtime.

Chuck Piluso, Chief Executive Officer of Data Storage Corporation, commented, “We are proud to have secured this substantial subscription-based contract with a leading business process solutions provider who has customers around the world. This client was looking to outsource their power systems and following an extensive analysis, they deemed our company and solutions to be superior to competitors on the market. Specifically, we were selected given our ability to execute and deliver a fully managed solution that addresses the client’s needs while enabling increased support as they grow over time. We are currently implementing our solutions and look forward to exploring additional opportunities with this client 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

Released June 29, 2023