Data Storage Corporation Announces Multi-Million Dollar Project with One of the Nation’s Leading Sports & Entertainment Companies

Rhea-AI Summary

Data Storage Corporation (DTST) has been awarded a multi-million project with a leading sports and entertainment company to provide cloud storage infrastructure. The customized solution improves response time, file recovery, and storage capacity for their security infrastructure.

MELVILLE, N.Y., July 21, 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 been awarded a multi-million project with one of the nation’s leading sports and entertainment companies to provide on cloud storage infrastructure. This customized solution improves response time to files, file recovery, and storage capacity to support a critical aspect of their security infrastructure.

“We are proud to have been selected for this major project with this large sports and entertainment organization, which we believe demonstrates our ability to build out custom solutions to meet the requirements of national and global organizations,” commented Chuck Piluso, CEO of Data Storage Corporation. “We secured this contract over another leading data storage provider, validating our commitment to providing clients with the latest technologies and superior customer service. Data security has been increasing in demand, especially within the sports and entertainment industry given the increased focus on data security. We look forward to working closely with them as well as exploring additional opportunities with them 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

FAQ

What is the company that awarded the project to Data Storage Corporation?

The company that awarded the project to Data Storage Corporation has not been mentioned in the press release.

What services does Data Storage Corporation provide?

Data Storage Corporation provides diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber security, and IT services.

Who is the CEO of Data Storage Corporation?

The CEO of Data Storage Corporation is Chuck Piluso.

What are the benefits of the customized solution provided by Data Storage Corporation?

The customized solution improves response time to files, file recovery, and storage capacity to support a critical aspect of the security infrastructure.

What does the CEO of Data Storage Corporation say about the project?

The CEO of Data Storage Corporation, Chuck Piluso, commented that they are proud to have been selected for this major project and it demonstrates their ability to build custom solutions for national and global organizations.