Data Storage Corporation Adds New Data Center in Chicago, Illinois

Rhea-AI Summary

Data Storage (Nasdaq: DTST) announced the deployment of its seventh data center in Chicago, Illinois through its subsidiary, CloudFirst, on June 24, 2024. This strategic move aims to address the increasing demand for the company's disaster recovery, cloud infrastructure, cybersecurity, and IT automation services in the Midwest region. The new facility is designed to meet the highest standards of reliability and performance, enhancing geographic coverage and customer support. CEO Chuck Piluso highlighted that this expansion demonstrates the company's commitment to providing exceptional services and flexibility for current and future customers.

Positive

• Deployment of the seventh data center in Chicago enhances geographic footprint.
• Expansion addresses growing demand for services in the Midwest region.
• New facility meets high standards for disaster recovery, cloud infrastructure, and cybersecurity.
• Enhanced geographic coverage and customer support capabilities.

Negative

• None.

MELVILLE, N.Y., June 24, 2024 (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 automation, today announced that its subsidiary, CloudFirst, has deployed technical assets to its 7th Data Center—located in Chicago, Illinois. The strategic location of this new data center allows the Company to address the growing demand for its products and services within the region, as well as expand its geographic footprint in the United States.

Chuck Paolillo, Chief Technology Officer of CloudFirst commented, “To meet the growing demand of our customers, and anticipated new customers, we have established our seventh data center in Chicago. As with all of our data facilities, this new data center meets the highest standards for disaster recovery, cloud infrastructure reliability, and cyber security, with the highest level of performance. We expect this new location will allow us to further penetrate the Midwest region and illustrates our geographic diversity in the United States.”

Chuck Piluso, CEO of Data Storage Corporation, stated, “This facility enables us to provide greater geographic coverage and more reliable services, as well as better support for our current and future cloud infrastructure customers, allowing for more flexible deployment of our services. We continually strive to meet or exceed our customer expectations and we believe that this move demonstrates our commitment to excellence.”

About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) is a family of fully integrated cloud-hosting, disaster-recovery, cyber security, IT automation, and voice & data companies, built around technical asset investments in multiple regions, providing services to 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 in 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. The forward looking statements in this press release include statements such as continuing to grow revenue and increase profitability as the Company executes on its strategic initiatives, the consolidation of the CloudFirst and Flagship subsidiaries positioning the Company to optimize operations, leverage its technical teams, realize greater efficiencies, and improve internal resource allocation, while capitalizing on extensive cross-selling and upselling opportunities among its customer networks, the two meaningful announced contracts being just the first of many such announcements that will come from the efforts of the combined organizations, having developed a robust business strategy that we will drive growth and secure sustainable profitability while maximizing long term value for shareholders and providing meaningful updates to shareholders as developments unfold. 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 forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to execute and advance its growth strategies. 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, 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

FAQ

What recent expansion has Data Storage (DTST) announced?

Data Storage announced the deployment of its seventh data center in Chicago, Illinois on June 24, 2024.

What services will the new data center in Chicago address?

The new data center will address disaster recovery, cloud infrastructure, cybersecurity, and IT automation services.

Why is the location of the new data center in Chicago significant for DTST?

The Chicago location allows Data Storage to penetrate the Midwest market and expand its geographic footprint in the U.S.

How many data centers does Data Storage (DTST) have after the latest expansion?

After the latest expansion, Data Storage has a total of seven data centers.

What are the benefits of the new data center in Chicago for Data Storage 's customers?

The new data center provides greater geographic coverage, more reliable services, and flexible deployment capabilities for current and future customers.