Data Storage Corporation Appoints Clifford Stein to its Board of Directors
18 Janvier 2024 - 2:30PM
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 that it has appointed Clifford Stein to
serve on its Board of Directors. Mr. Stein previously served as a
member of the Board of Directors from 2010 to 2020.
“We are pleased to welcome Cliff back to our
board of directors,” commented Chuck Piluso, Chief Executive
Officer of Data Storage Corporation. “Cliff is an accomplished
entrepreneur and seasoned executive, having built and run a
successful real estate advisory firm over the past 30 plus years.
He also brings extensive legal knowledge as an accomplished
attorney. We believe Cliff’s unique skillset will help guide the
Company as we continue on our path of growth, both organic and
through acquisitions. Cliff previously served as a member of the
board, supporting a variety of strategic growth initiatives, and we
look forward to his renewed involvement.”
Mr. Stein is currently the Chief Executive
Officer of Savitar Realty Advisors, which he founded in 1987.
Savitar Realty Advisors provides consulting and advisory services
to lending institutions and government agencies on workouts,
restructurings, and value enhancements on their non-performing
properties. Previously, he worked as a partner and director of
acquisitions for a private, Miami-based real estate investment
company where he analyzed, negotiated, and acquired non-performing
real estate assets. Additionally, former Florida Governor Lawton
Chiles appointed him to serve as a Commissioner on the Florida Real
Estate Commission, where he served two terms and was elected as
Chairman of the Commission in 1996. Mr. Stein was also appointed to
the Board of Directors of Cenvill Development by the FDIC to
represent its interest as the single-largest shareholder of the
former $500 million publicly traded real estate concern. He holds a
Juris Doctor from the University of Miami and a Bachelor of Science
in finance and accounting from American University.
About Data Storage
CorporationData Storage Corporation (Nasdaq: DTST) is a
family of fully integrated cloud-hosting, disaster-recovery, cyber
security, 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 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 ProvisionThis 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 Mr. Stein’s skillset helping to guide
the Company as it continues on its path of growth. 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 ability of Mr.
Stein to contribute to the Company. 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, LLC212-671-1020DTST@crescendo-ir.com
Data Storage (NASDAQ:DTST)
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