NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), today announced that it has postponed its fiscal year 2025 investor conference call in order to allow additional time to complete its year-end audit, due to the complexity of several significant transactions occurring during fiscal year 2025, including the sale of its CloudFirst subsidiary, the classification and settlement of the majority of the outstanding warrants, and the completion of a tende ...

Core Viewpoint - Data Storage Corporation (DSC) is set to host a business update conference call on March 31, 2026, to discuss its financial results for the fiscal year 2025, which ended on December 31, 2025, along with corporate progress and developments [1]. Group 1: Conference Call Details - The conference call will take place at 11:00 a.m. Eastern Time and can be accessed via telephone or webcast [1][2]. - U.S. callers can dial toll-free 877-407-9219, while international callers can reach the call at +1-412-652-1274 [2]. - A replay of the call will be available on the company's website until September 30, 2026, and a telephone replay will be accessible approximately three hours after the call until April 7, 2026 [3]. Group 2: Company Overview - Data Storage Corporation, through its subsidiary Nexxis, Inc., offers Voice over Internet Protocol (VoIP) and Unified Communications, along with dedicated internet connectivity [4]. - The company plans to invest in areas such as GPU Infrastructure, AI-driven software applications, cybersecurity, and voice/data telecommunications to build sustainable revenue streams [4].

Core Insights - Data Storage Corporation (DTST) announced the approval of the 2025 annual bonus for Chairman and CEO Chuck Piluso, which includes a cash payment and a discretionary equity award of 160,600 restricted stock units (RSUs) that will vest on May 20, 2026 [1][2]. Group 1: Executive Compensation - The approved bonus aligns executive compensation with long-term shareholder interests, with a substantial portion delivered in equity [2]. - Chuck Piluso expressed confidence in the company's strategic initiatives and business model by choosing to take a significant portion of his annual bonus in company stock [3]. Group 2: Strategic Initiatives - The company is pursuing an acquisition strategy focused on recurring revenue and disciplined investments in high-potential technology sectors, including GPU infrastructure, AI-enabled software, and cybersecurity [3]. - DTST aims to strengthen its telecommunications and managed services offerings while incubating and growing emerging technology companies that deliver real-world value [3]. Group 3: Future Plans - The company plans to build a diversified portfolio of scalable businesses designed for predictable, long-term performance, with a focus on sustainable, recurring revenue streams [4].

Core Viewpoint - Data Storage Corporation has successfully completed a tender offer to acquire approximately 72% of its outstanding shares, positioning itself for a disciplined acquisition strategy while maintaining a strong cash reserve of over $10 million [1][3]. Group 1: Tender Offer Details - The company acquired 5,625,129 shares at a price of $5.20 per share, totaling approximately $29.25 million, funded entirely through cash on hand [3]. - The tender offer expired on January 12, 2026, and the shares accepted for purchase represent about 72% of the total outstanding shares as of December 8, 2025 [1][3]. Group 2: Financial Position and Strategy - Following the tender offer, Data Storage Corporation retains over $10 million in cash, allowing for future strategic initiatives [2][3]. - The company aims to pursue a disciplined acquisition strategy focused on technology-enabled services, particularly in areas such as GPU environments, AI-driven software applications, cybersecurity, and telecommunications [3][4]. Group 3: Future Outlook - The company is actively evaluating strategic opportunities that align with its growth plan, emphasizing businesses with recurring revenue, high margins, and established customer bases [3]. - The management believes that this approach could be transformative for the company over time [3].

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