Data Storage Corporation (DTST)

[funnyG986]

DTST PR out; turn into profit for the 1st time in history

Data Storage Corporation Announces Results for the Fiscal First Quarter Ended March 31, 2017 “Post-Acquisition of ABC Services”

May 30, 2017

http://www.otcmarkets.com/stock/DTST/news?id=160419

NEW YORK, May 30, 2017 (GLOBE NEWSWIRE) -- Data Storage Corporation (OTC:DTST) today announced financial results for its Fiscal 2017 first quarter ended March 31, 2017.

Chuck Piluso, Chief Executive Officer of Data Storage Corporation, stated, "We continue to make significant progress towards executing on our strategic business plan, and we are pleased with the developments throughout the first quarter and to date. Our accomplishments include successfully completing the acquisition and assimilation of ABC Services and integrating finance, administration, sales and operations. The team continues to implement marketing strategies to expand our sales efforts with current clients and targeting new customers in specific markets.”

Select Financial Results for the First Fiscal Quarter Ended March 31, 2017:

Net sales for the three months ended March 31, 2017 increased 136% to $2,323,915, compared to $984,620 for the three months ended March 31, 2016.
Net profit for the three months ended March 31, 2017 was $368,922, as compared to net loss of $144,813 for the three months ended March 31, 2016.
Mr. Piluso continued, “The acquisition of the assets of ABC Services, Inc. and ABC Services II, Inc. and the remaining 50% of Secure Infrastructure and Services LLC accelerated our strategy into managed services, expanded cyber security solutions and our hybrid cloud solutions with the ability to provide equipment and expanded technical support. We have a seasoned management team that’s highly focused on execution.”