February 26, 2007
QSGI to Provide Client-Site Data Security and Compliance Services for Leading Retailer
HIGHTSTOWN, NJ—February 26, 2007—QSGI, Inc. (OTC:BB QSGI) the only data security and regulatory compliance provider offering a full suite of life-cycle services for a corporation’s entire IT platform, today announced that it has entered an agreement to provide its full suite of data security and compliance services for a leading retailer, both at the client site and at QSGI’s facilities.
Under the agreement with this retailer, QSGI will utilize its high-volume mobile audit and erasure facility, which is contained within a tractor trailer, and is capable of processing more than 1,000 desktops, laptops, servers and data tapes per day. QSGI will initially deploy its mobile facility at the client’s nationwide processing hub, with the ability to move the facility at a moment’s notice to any of the customer’s facilities, and process equipment there. The mobile facility can ensure both secure on-site audit and erasure, as well as risk free transport of the client’s IT assets.
“We are excited to provide our full suite of data security and compliance solutions for this major retailer, and anticipate broad utilization of our new mobile facility,” stated Marc Sherman, chairman and CEO of QSGI. “We won this account due to our secure client-site solutions, which enable us to deploy our entire suite of data security and compliance services at any of the client’s locations, including: real-time auditing and on-line reporting; hard drive disk erasure to a minimum 3X Department of Defense overwrite; asset de-tagging, seven-year asset tracking of all end-of-life equipment for Sarbanes-Oxley compliance; multiple-site services, flexible processing times and quantities; and re-marketing of substantially all the client’s IT assets to recover value from the retiring assets. Our success with this retailer follows on the heels of another major account we recently signed for our client-site data security and compliance suitcase solution with a global financial institution.”
Mr. Sherman concluded, “It is clear that our on-site services have become a major competitive advantage for us now that companies are becoming aware of the risks involved with transporting sensitive data—especially in light of the recent high profile data security breaches during transportation at several major institutions.”
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.
