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Data Storage Corporation CEO to Present at Wall Street Analyst ConferenceDSC Achieved a 75 Percent CAGR 2008 to 2011 (November 23, 2011)
GARDEN CITY, NY -- (Marketwire) -- 11/23/11 -- Data Storage Corporation (DSC) (OTCQB: DTST) (PINKSHEETS: DTST), a cloud storage and cloud computing company focusing on data protection and business continuity solutions, today announced that it has been invited to present at The 22nd Annual Wall Street Analyst Conference being held December 6, 2011 at The University Club at 1 West 54th Street, New York, N.Y. DSC has continued to experience significant growth over the past several years, achieving a 3-year Compounded Annual Growth Rate (CAGR) of 75 percent from June 2008 through June 2011; and a 352 percent increase in average account revenue and a 209 percent increase in the number of clients from January 2009 through October 2011.
"We look forward to the opportunity to present in front of such a distinguished group of investors," said Chuck Piluso, chairman and CEO of DSC. "Given increased government regulations, corporate responsibility and organizations looking to reduce cost, we have a great story to tell. Our industry continues to grow as corporate officers and staff realize the need for and capabilities of our solutions. Our value is obvious! We are an essential requirement for businesses and their IT staff."
Piluso will be giving a 40-minute presentation and Q&A session beginning at 9:50 a.m., immediately followed by an additional breakout session to provide more specific details. During this presentation, he will share why DSC has been listed as one of the 1,000 fastest growing companies in the world. During 2011 alone, DSC has expanded its executive management team with a new COO and director of sales; opened an office in New York City for its growing sales team and expanded its data centers; released new solutions, including a cloud computing offering (SafeData Cloud); formed new partnerships with companies like BlueArc; and, was named "Partner of the Year" by Asigra.
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.
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