Marc Sherman
Marc Sherman founded QSGI in August 2001 and serves as chairman and chief executive officer. Mr. Sherman served as a director of and chief executive officer of Intellesale, Inc. (and its predecessor, Universal Commodities Corp.), from December 1994 to July 2001, a company that purchased and sold large volumes of off-lease/off finance excess, used, refurbished and “as-is” computer equipment and related products. They also provided technology asset management to companies wishing to maximize the value of their computer equipment coming to the end of its useful or book lives. Prior to 1994, Mr. Sherman served in key positions in various family businesses. Mr. Sherman has over fifteen years of experience in marketing, operations and executive management. Mr. Sherman is the brother-in-law of Mr. Sheerr.

R. Keith Elliot
R. Keith Elliott was appointed to the board of directors in January 2003 to fill a vacancy. Mr. Elliott is the retired chairman and chief executive officer of Hercules, Inc. He had been elected chairman and chief executive officer of Hercules, Inc. in 1997. From 1991 to April 2000, he served Hercules, Inc. as senior vice president and chief financial officer; executive vice president and chief financial officer; president and chief operating officer; president and chief executive officer; and chairman of the board of directors. Hercules, Inc. is a multi-national specialty chemical manufacturer serving the paper, water, construction, pharmaceutical, food, consumer non-durable and adhesive markets and industries. Mr. Elliott is a member of the board of directors of Checkpoint Systems, Inc., a multi-national manufacturer of electronic labeling systems used in the retail industry to identify products and reduce theft, Sithe Energies Company, which develops peaking power plants based on gas, oil and coal fuels, Wilmington Trust Company, which provides customized financial alternatives for wealth advisory clients, corporate clients, and regional banking clients, Computer Task Group, an information technology staffing and solutions company, and the Institute for Defense Analyses, a federally funded research and development company. He also serves as a member of the National Advisory Board for the University of South Carolina. Mr. Elliott serves as chairman of the Audit and Compensation Committees of the board of directors.

Robert W. VanHellemont
Robert W. VanHellemont was appointed to the board of directors in August 2004 to fill a vacancy. He is the founder and chief executive officer of the Varilease companies. The Varilease companies are leading North American business equipment and financing providers, which have financed more than $1 billion in assets worldwide. Mr. VanHellemont founded Varilease Corp. in 1987 and founded Varilease Technology Finance Group, Inc. in 2000. Additionally, Mr. VanHellemont served as senior vice president of Thomson-McKinnon Securities and spent over 10 years in senior positions at CMI Corp.

Edward L. Cummings
Edward L. Cummings co-founded QSGI and serves as chief financial officer. He served as executive vice president, chief financial officer and secretary of Intellesale, Inc. from July 1999 to February 2001. He joined its predecessor company Universal Commodities Corp. in October 1995 as controller and was elected to the board of directors in January 1997. From September 1994 to October 1995 he owned TCC, Inc., an operator of several retail gift shops. From December 1981 to September 1994 he was chief financial officer and treasurer of Albert E. Price, Inc., a giftware import and export company.

Seth A. Grossman
Seth A. Grossman was appointed to the board of directors in November 2003. Mr. Grossman recently assumed the role of president and chief operating officer of WindorsTech, doing business as QSGI. Prior to joining QSGI, Mr. Grossman served as executive vice president and chief strategic officer of Paxson Communications Corporation, where he was responsible for strategic planning and new business development. Mr. Grossman had served in various executive positions with Paxson since 1995, including serving as chief financial officer and senior vice president of corporate development and investor relations. Mr. Grossman earned a bachelor of administration degree from the University of Michigan in 1987 and earned his master of business administration degree from the Harvard Graduate School of Business Administration in June 1992.

John F. Cunningham
John F. Cunningham is chairman and CEO of Cunningham & Co., Inc., founded. in 1989 to offer highly specialized strategic and valuation services to technology and computer related companies. From 1985 to 1989, he served as chairman and CEO of CCI, an Amex-listed company, which was subsequently sold for $227 million following its successful turnaround led by Mr. Cunningham. Previously, Mr. Cunningham served as president and chief operating officer of Wang Laboratories, where his leadership and marketing skills contributed to Wang’s success in the information processing industry. Mr. Cunningham is a Trustee Associate of Boston College and an independent trustee director of Federated Funds. He has previously served as a director of the First National Bank of Boston, Apollo Computer Inc., Computervision Corp., EMC Corp., and Honeywell Federal Systems Corp.

Geoff Smith
Following a 25-year career with Procter & Gamble (P&G), Geoff Smith founded LP Enterprises, LLC. LP Enterprises to provide information technology, strategy, and customer relationship management (CRM) expertise across a broad range of industries. Through collaborative agreements, LP Enterprises also supports clients of Forrester Research, The Harvard Group, and the Cincinnati Consulting Consortium. At P&G, Mr. Smith last held the position of deputy chief information officer. In this role, he ran the “Office of the CIO,” where he was responsible for P&G’s IT strategy, enterprise architecture, and advanced technology evaluation. From 1997 to 2002, Mr. Smith led the development of P&G’s customer and consumer-facing e-business solutions. This included re-launching the company’s website as well as creating a distributor system that managed $1 billion in sales and won CIO Magazine’s Enterprise Value Award in 1998. While serving as the CIO of P&G’s $2 billion Japanese subsidiary, his IT organization met the ultimate business disaster recovery challenge by quickly restoring P&G’s operations in the aftermath of the earthquake that devastated Kobe in 1995. Mr. Smith currently co-chairs the CIO Roundtable of Greater Cincinnati and serves on the academic advisory boards of University of Cincinnati, Xavier University and writes for CIO Magazine. Additionally, he serves on the boards of several non-profits, including Tech Corps, an organization dedicated to enriching K-12 education through the effective use of technology in schools. Geoff received a B.S. degree in operations research/industrial engineering from Cornell University in 1979.