Garden City, NY – February 19, 2010 – CloudFirst (OTCBB: DTST), a provider of diverse electronic data storage and protection products and services, today announced the appointment of Gregory Peterson, Kenneth Polin, Jim Quinn, and Cliff Stein to its Advisory board.
“We are very pleased to welcome Greg, Ken, Jim, and Cliff. The company is fortunate to add these individuals, given their level of knowledge, experience, and reach. They add a set of experiences and perspectives which complement that of our existing board members. I am confident that their additions will help guide the company and drive its growth,” stated Chuck Piluso, CEO of CloudFirst.
Gregory P. Peterson is a partner at Berkman, Henoch, Peterson & Peddy, P.C. in Garden City, N.Y.; the fifth largest law firm on Long Island. The firm specializes in Banking, Real Estate Development, Zoning, Bankruptcy, Estates and Commercial litigation. The firm also serves as outside counsel to several large municipalities on Long Island. Previously, Peterson was the chairman and CEO for the Nassau Regional Off-Track Betting Corporation from 1998-2001. There he was responsible for operations, managing fifteen branches and 350 employees. Peterson was also the Presiding Supervisor for the Town of Hempstead from 1993-1998, Supervisor from 1987-1993, and Councilman from 1972-1987.
Kenneth Polin is a partner with Foley & Lardner LLP and a member of the firm’s Private Equity & Venture Capital and Transactional & Securities Practices, as well as the Emerging Technologies, Entertainment & Media, and Life Sciences Industry Teams. Polin has over 25 years of experience in the areas of securities, venture capital, mergers and acquisitions, and other financing transactions. His practice is concentrated in the area of corporate and securities law with an emphasis on representation of emerging and public technology and growth companies. Polin has extensive experience representing venture capital and other investors and has managed a broad range of major business transactions for these entities, including private placements and public offerings; mergers, acquisitions and spin-offs; strategic collaborations and commercial transactions, such as bank credit lines, lease lines and off-balance sheet financings. He has been counsel to companies in the biotechnology, media, communications, hardware, healthcare, medical device, software, and telecommunications industries. He also regularly represents finance companies in a variety of consumer and commercial finance transactions.
Jim Quinn is an experienced tax and financial advisor with extensive industry experience. Quinn has managed Q Financial, his own commercial real estate financing consulting service that provides conventional financing while maintaining his affiliation with Roosevelt & Cross, Inc. Previously, Quinn was the Executive Director for the Town of Hempstead IDA, which develops, and assists in acquiring, constructing and furnishing of qualified projects and facilities, thereby increasing the job base of the town. Prior, Quinn was the CFO of L.I. Sports Enterprises, which manages the NY Nets and Islanders.
Cliff Stein is an attorney and a member of the Florida Bar Association. Stein serves as founder and Chairman and Chief Executive Officer of Savitar Realty Advisors, a real estate advisory and management organization whose clients are primarily financial institutions and government agencies. Stein served as a member of the Board of Directors of Cenvill Development, formerly a $500 million, publicly-traded real estate concern, and was appointed by the FDIC to represent its interest as the single-largest shareholder. Stein was appointed in 1993 by the Governor of Florida to serve as a Commissioner on the Florida Real Estate Commission, as well as Receiver, Examiner, or Trustee in numerous foreclosures or bankruptcies. Stein has been retained as advisor to financial institutions in connection with their troubled assets or their intended acquisition of portfolios of troubled assets. In January 1996, Stein was elected to be the Chairman of the Commission where he recently concluded his second and final term.
More information about the company and its services can be found on its website at www.dscorp.net.
Through its various properties, CloudFirst (OTC BB: DTST) delivers and supports a broad range of premium technology solutions which store, protect, optimize, and leverage information. Clients look to CloudFirst to manage data growth, ensure disaster recovery and business continuity, strengthen security, reduce capital and operating expenses, and to meet increasing industry, state, and federal regulations.
The company serves the government, education, and healthcare industry by leveraging leading technologies such as Virtualization, Cloud Computing, Electronic Health Records, Green IT, and Wireless Technology. The company offers hardware, software, installation, maintenance, managed services, solutions, and training for building in-house expertise. To protect and leverage our customers’ investments, CloudFirst provides a range of top-quality professional and consulting services and proactive customer support directly, as well as, through numerous authorized partner organizations globally. Additional information about CloudFirst is available on the company site: http://www.dscorp.net.
Cautionary Statement on Risks Associated with CloudFirst Forward-Looking Statements. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 by CloudFirst 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 CloudFirst’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 (CloudFirst has EDGAR CIK No. 0001419951).
Charles M. Piluso
President and CEO
(212) 564-4922 Extension 102