July 23, 2008

QSGI Signs On Two New Customers for Data Center Maintenance Services


HIGHTSTOWN, NJ-July 23, 2008-QSGI, Inc. (OTC:BB QSGI) the only provider of a full suite of information technology services to help corporations better manage IT assets, data center maintenance expenses, and ensure best practices for data security and regulatory compliance, today announced that its wholly owned subsidiary, Contemporary Computer Services, Inc. ("CCSI") has signed a multi-year IT support contract with a major U.S. hedge fund and a managed services contract with a large East coast hospital.

Marc Sherman, chairman and chief executive officer of QSGI, commented, "Our business momentum continues with the signing of these two latest contracts. We will provide end-to-end infrastructure support to our corporate client for its network infrastructure, which infrastructure includes both Microsoft and Cisco product, to ensure business continuity and timely resolution in any mission critical situations. This contract expansion stems from a relationship that began a few years ago with CCSI's design and implementation of the client's Cisco-based network infrastructure. We are gratified with this client's desire to expand on our existing relationship and look forward to providing the resources needed to ensure the highest quality service."

Mr. Sherman continued, "With QSGI's acquisition of CCSI, we have added a network operating center (NOC) and highly qualified engineers to provide fault management and performance management services to our clients, which can be done remotely from a central location. Under the agreement, we will support the hospital's entire network infrastructure, including Cisco equipment, as well as several critical servers. While identifying and taking action to prevent network incidents are critical to any business, these activities can become life-saving in the hospital environment and we are pleased to be able to provide the best in network monitoring services to our clients 24/7/365."

Mr. Sherman concluded, "Over the next year, we expect to generate in excess of $250,000 from these contracts on a combined basis. With the acquisition of CCSI, we look forward to providing our full scope of services to these clients and others, including mainframe and mid-range processor maintenance, network infrastructure design, maintenance and monitoring, as well as maintenance and on-site data security and compliance for enterprise storage."

About QSGI
QSGI provides a full suite of information technology services 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 mainframes, midrange servers and PC, to network infrastructure and enterprise storage hardware, the services offered by QSGI are specifically designed to reduce total cost of ownership for 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.

Additionally, through its acquisition of Contemporary Computer Services, Inc. (CCSI), an enterprise class IT services provider with an extensive list of corporate, educational, and government customers, QSGI also performs network design, implementation, and monthly maintenance services on corporations' networking infrastructure as well as 24/7 IT monitoring and diagnostics through its North American Network Operating Center (NOC).

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.