March 30 , 2006

QSGI Adds Two New Data Security & Compliance Customers
Mobile Audit and Erasure Vehicle and Cross-Selling of Services Highlight Major Client Acquisitions

HIGHTSTOWN, NJ—March 30, 2006—QSGI, Inc. (NYSE Arca: QGI) (PCX: QGI) today announced that it that it has signed two new customers for its data security and regulatory compliance services:

– A Fortune 20 distributor of healthcare systems, medical supplies and pharmaceutical products
– A leading manufacturer and mail-order retailer of outdoor apparel and outdoor equipment

Marc Sherman, chairman and CEO, stated, “We look forward to providing our full suite of Data Security & Compliance services for each of these clients. The medical distributor selected QSGI for our global capabilities, our mobile solution for onsite disk erase and imaging, as well as our ability to recover the maximum value for their end-of-life products.”

Mr. Sherman continued, “The outdoor apparel and equipment retailer first became a Data Center Hardware & Maintenance client in January 2006, and illustrates our ability to cross-sell services by offering the most comprehensive end-of-life IT solution in the industry—ranging from VoIP telephony and desktop computers, all the way up to IBM Z-series mainframe systems.”

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.