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Net Sales Increased 329% and Gross Margin Grew 33% in 2010
Garden City, N.Y. May 9, 2011 –/BackupReview.info/– Data Storage Corporation (DSC) (OTCBB: DTST), a hybrid cloud provider of data protection and business continuity solutions, today announced that it has filed its 2010 SEC 10K and experienced significant growth in 2010. Net sales increased 329% from $585,285 for the year ending December 31, 2009 to $2,514,340 for the year ending December 31, 2010. The increase in sales is primarily attributable to increased sales capacity in data backup and managed services with the July 2010 acquisition of SafeData, LLC.
“In addition to the acquisition of SafeData, which has positioned us as a leader in the data recovery market for organizations operating in IBM iSeries as well as Windows environments, we have also made many strategic changes to position the company for growth in the near future and long term,” said Chuck Piluso, Chairman and CEO of DSC. “Our solutions are assisting clients as they gain additional control and better access to their data and enabling them the highest level of security with our infrastructure-as-a-service and our DR solutions. We continue to provide peace of mind and ensure business continuity for our clients.”
About Data Storage Corporation
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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