Marc Sherman, chairman and chief executive officer of QSGI, commented, “Having completed a thorough review of all ‘prior art,’ we believe our new mobile data erasure and auditing facility is a major leap forward within the industry. This breakthrough process addresses the pent-up demand among major corporations with chain-of-custody concerns about desktops, laptops, servers and data tapes leaving their facilities, while still containing highly confidential data. These concerns are magnified by several highly public breaches of consumer data, where computer hard drives were lost or stolen in-transit. Data security breaches such as these expose companies of all sizes to enormous liability, not only from regulatory fines, but also from class-action lawsuits and public relations nightmares. Our new mobile facility addresses these concerns in a rapid and cost-effective manner before ever leaving the client location—which we believe will forever change the industry for end-of-life technology.”

About QSGI
QSGI is the only data security and regulatory compliance provider offering a full suite of end-of-life and other life-cycle services for a Fortune 1000 corporation’s and government client’s entire information technology (IT) platform. QSGI offsets its clients’ expenses through its value-added remarketing program. Prior to resale, the company utilizes its proprietary Department of Defense (DOD) level certified data sweep to eliminate otherwise recoverable data. QSGI reduces its clients' potential liability by ensuring regulatory and environmental compliance for IT products. QSGI also maintains and provides services on enterprise-class hardware, including mainframes, midrange servers, tape storage products and disk storage products. Given the sensitive nature of the company’s client relationships, it does not provide the names of its clients.

Statements about QSGI’s future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. QSGI intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and QSGI’s actual results could differ materially from expected results. QSGI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.