GAO confirms need for solution providers for Legacy Data issues

FOR IMMEDIATE RELEASE

Arvada, CO—September 19th, 2016—

GAO confirms need for solution providers for Legacy Data issues

Digital Info Security Co/Digital 7 Inc (DGIFD) with its acquisition of Data Source Inc (a fully owned subsidiary of DGIFD) is especially well placed to solve one of the major issues for Government and large business legacy issues.

The recent GAO Report to Congress is that Federal Agencies Need to Address Aging Legacy Systems. GAO-16-468: Published: May 25, 2016. Publicly Released: May 25, 2016. shows the cost and demand for companies like Data Source to help in providing data solutions that lower costs and move data to the cloud without costly re-writes of programs.

From the report summary:  http://www.gao.gov/assets/680/677436.pdf

What GAO Found

The federal government spent about 75 percent of the total amount budgeted for information technology (IT) for fiscal year 2015 on operations and maintenance (O&M) investments. Such spending has increased over the past 7 fiscal years, which has resulted in a $7.3 billion decline from fiscal years 2010 to 2017 in development, modernization, and enhancement activities.

Specifically, 5,233 of the government's approximately 7,000 IT investments are spending all of their funds on O&M activities. Moreover, the Office of Management and Budget (OMB) has directed agencies to identify IT O&M expenditures known as non-provisioned services that do not use solutions often viewed as more efficient, such as cloud computing and shared services. Agencies reported planned spending of nearly $55 billion on such non-provisioned IT in fiscal year 2015. OMB has developed a metric for agencies to measure their spending on services such as cloud computing and shared services, but has not identified an associated goal. Thus, agencies may be limited in their ability to evaluate progress.

What Data Source Inc (fully owned by DGIFD) provides:

DSI has unique knowledge of this critical data preservation need and a solution within the vast legacy data storage industry. DSI was founded in 2002 to provide data preservation, protection and efficient user access for legacy tape and optical data storage media. DSI offers systems and services for tape and disk data migration, duplication, and backup for these older media types. Data Source’s focus has always been the preservation of electronic data and over the past 12 years has expanded its portfolio to include a complement of services including data center equipment shut down/removal and excess equipment purchasing.  DSI also offers media data clearing to DOD standards.  DSI will continue to add to its service offerings as data preservation needs change. DSI’s latest offerings, Virtual Tape Storage (VTS) and Video Tape Migration (VTM) have both seen significant initial market interest. The VTS services and product have been purchased by several DOD/ US Air Force agencies with great success and future purchases are in process. 

For more information please visit our web site at:

http://www.digital7.biz

Information about DGIFD

Digital Info Security Co (DGIFD) is incorporated in the state of Delaware and has current contracts to merge with Digital 7 Inc. The surviving company will be Digital 7 Inc and be public. Digital 7 Inc has acquired Data Source Inc. (DSI) Data Source Inc (DSI) currently has revenue and can, with additional capital, grow quickly. This will be a fully owned subsidiary of DGIFD.

FURTHER INFORMATION

For additional information about the content found in this release or about Digital Info

Security Company, contact James R Clark at 720-427-8938

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by the Company.

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