April 14, 2008

QSGI Partners with IBM Global Financing to Provide On-Site Data Security and Compliance Services at Customer Locations

HIGHTSTOWN, NJ-April 14, 2008-QSGI, Inc. (OTC:BB QSGI) a leading provider of information technology services to help corporations ensure best practices for data security and regulatory compliance, today announced it has entered into a Memorandum of Understanding (MOU) with IBM Global Financing (IGF), the lending, leasing and equipment renewal and recycling business segment of IBM (NYSE:IBM), with respect to QSGI's on-site auditing and data erasure services. Under the MOU, the parties will launch a new pilot program, whereby IGF will offer its customers these services for enterprise storage systems within the data center and distributed computing equipment within the corporate environment. Following a successful pilot program, the parties intend to explore a longer-term definitive agreement around these services.

For IBM customers that utilize the service, QSGI can dispatch a team directly to the customer location to audit and erase IT equipment to all applicable erasure standards, as defined by the client requirements. QSGI's fully automated process eliminates human error by providing a certificate of erasure and audit trail for each piece of equipment. Providing these services on-site eliminates the inherent data security risks associated with transporting the equipment off-site for the purpose of auditing and erasing the equipment. QSGI will also indemnify clients from liability and safeguards these clients from the fines now being levied against companies that improperly return or remarket used equipment.

Demand is growing among our clients for an on-site data security solution for a full spectrum of IT equipment, ranging from SANs devices, to servers and PCs," said Kevin Cleary, general manager of IGF, Global Asset Recovery Services. "This IBM-QSGI pilot program will add a wide range of on-site services for both enterprise storage devices and distributed computing equipment that include: automated asset auditing, multi-level data destruction services, and documentation for regulatory compliance."

Marc Sherman, chairman and chief executive officer, commented, "We are pleased to be working alongside IBM for on-site auditing and data erasure for its clients' technology lifecycle management services. Our ability to audit and erase large volumes of data quickly and expeditiously at the customer location provides much greater peace of mind to those companies and facilities concerned about the risks of transporting end-of-life or off-lease equipment prior to erasing the confidential data stored on that equipment. We appreciate IBM's strong commitment to protecting the confidential information of their customers and we look forward to an enduring relationship."

About QSGI

QSGI provides a full suite of information technology solutions to help corporations and governmental agencies better manage hardware assets, reduce maintenance expenses, build best practices for data security and assure regulatory compliance. With a focus on the entire range of IT platforms - from the PC to the mainframe, the services offered by QSGI are specifically designed to reduce total cost of ownership or IT assets and maximize the clients' return on their IT investment.

For enterprise class hardware in the data center, QSGI offers hardware maintenance services, hardware environment planning and consultation, refurbished whole systems, parts, features, upgrades and add-ons. Additionally, for desktop IT assets, servers and SAN products, QSGI offers a range of end-of-life services that include: automated asset auditing, Department of Defense (DOD) level data destruction, documentation for regulatory compliance, hardware refurbishment with worldwide remarketing or proper IT asset recycling. Given the sensitive nature of the company's client relationships, it does not provide the names of its clients. Additional information about the company is available at www.qsgi.com.