March 1 , 2006

QSGI Adds Four New Data Security & Compliance Customers

HIGHTSTOWN, NJ—March 1, 2006—QSGI, Inc. (PCX: QGI) today announced that it that it has signed four new customers for its data security and regulatory compliance services:

– The business services unit of one of the world’s largest electrical engineering and electronics companies

– A major global engineering and construction management firm
– A leading producer of targeted business publications
– A premier manufacturer and online retailer of fine jewelry

Marc Sherman, chairman and CEO, stated, “As the only provider that will indemnify our clients’ liability, coupled with our new mobile audit facility presently being launched, and our global capabilities in more than 90 countries worldwide, we have built the most flexible, one-stop-solution for end-of-life technology, to meet the evolving needs of Fortune 1000 companies.”

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.