MELVILLE, N.Y., July 09, 2021 (GLOBE NEWSWIRE) — Information Storage Company (Nasdaq: DTST) (the “Firm”), a complete supplier of IT Options together with catastrophe restoration, Infrastructure as a Service, cyber safety and cloud, at present introduced it has obtained roughly $2.1 million from the voluntary train of a portion of the warrants from the Firm’s Might 2021 financing.
Chuck Piluso, CEO, acknowledged, “We admire the large assist of our shareholders, because the train of those warrants has generated over $2 million of extra capital for the Firm. Because of the Might 2021 financing, which occurred in reference to our Nasdaq itemizing, and the proceeds from these warrants, our steadiness sheet is in a stronger place than at any time within the Firm’s historical past. On the similar time, we proceed to generate optimistic money movement. Given the migration to IBM cloud providers and enhanced concentrate on cyber safety, I actually imagine we’re nicely positioned to drive important worth for our shareholders within the months and years to return.”
About Information Storage Company
The Firm’s major focus is to supply IT options together with Infrastructure as a Service, hybrid cloud options, Catastrophe Restoration, IBM programs and storage, software program, cyber safety, and different managed providers centered on the IBM Energy group throughout a broad vary of industries.
This press launch comprises “forward-looking statements” inside the which means of the Personal Securities Litigation Reform Act of 1995, as amended, which might be meant to be lined by the protected harbor created thereby. Ahead-looking statements are topic to dangers and uncertainties that might trigger precise outcomes, efficiency or achievements to vary materially from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Statements preceded by, adopted by or that in any other case embody the phrases “believes,” “expects,” “anticipates,” “intends,” “initiatives,” “estimates,” “plans” and comparable expressions or future or conditional verbs corresponding to “will,” “ought to,” “would,” “could” and “may” are usually forward-looking in nature and never historic details, though not all forward-looking statements embody the foregoing. The forward-looking statements embody statements concerning the growth of the present relationship with the Falcons illustrating the scalability and efficiency of Flagship’s options. Though the Firm believes that the expectations mirrored in such forward-looking statements are affordable, it may present no assurance that such expectations will show to have been right. Necessary elements that might trigger precise outcomes to vary materially from the Firm’s expectations embody, however aren’t restricted to, the Firm’s skill to leverage the scalability and efficiency of Flagship’s options, the Firm’s skill to profit from the IBM cloud migration underway, the Firm’s skill to place itself for future profitability and the Firm’s skill to keep up its Nasdaq itemizing. These dangers shouldn’t be construed as exhaustive and must be learn along with the opposite cautionary statements included within the Firm’s Annual Report on Type 10-Ok for the yr ended December 31, 2020, subsequent Quarterly Reviews on Type 10-Q and Present Reviews on Type 8-Ok filed with the Securities and Alternate Fee. Any forward-looking assertion speaks solely as of the date on which it was initially made. Besides as required by regulation, the Firm assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions, modified circumstances or in any other case.
Investor Relations Contact:
Crescendo Communications, LLC
E mail: DTST@crescendo-ir.com