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FalconStor Software Inc. Founders Make Multi-Million Dollar Donation to North Shore-LIJ Health System for Asian Community Health Center in Flushing

MELVILLE, N.Y., Oct. 30 /PRNewswire-USNewswire/ -- The North-Shore LIJ Health System announced today it has received a multi-million dollar donation from the founders of Melville, NY-based FalconStor Software Inc. (NASDAQ-FALC), a leader in network storage software solutions.

The gift will be used to create a truly unique Ambulatory Medical Center to serve communities throughout the greater Flushing, NY area. Site selection is now underway for the planned 22,000 square-foot facility, which is expected to open in early 2009. The new Medical Center will feature the latest in cardiovascular disease and prevention services, a spine center, an urgent care/walk-in primary care clinic, and select aspects of North Shore-LIJ's Monter Cancer Center and Institute for Orthopedic Science, including rehabilitation services. The Center will also provide integrative medicine services such as acupuncture, therapeutic massage and tai chi.

FalconStor executives making the donation are: ReiJane Huai, the company's founder and current chief executive officer; Barry Rubenstein, founder and past CEO; and company founders Eli Oxenhorn and Irwin Lieber.

"FalconStor has a large base of employees with close ties to Asian-American communities on both Long Island and Queens," said Mr. Rubenstein. "We're pleased that we can leverage Falconstor's success to support North Shore-LIJ bringing its high-quality, specialized ambulatory health and medical care directly to many Asian-American communities in the Flushing area."

The new Flushing facility is only one aspect of the North Shore-LIJ's Health System's plan to develop community-based, outpatient care centers to meet the rapidly growing health needs of all residents of Queens.

FalconStor Software is an industry leader in developing innovative network storage software designed to optimize the storage, protection, and availability of enterprise data and applications.

SOURCE North Shore-LIJ Health System
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