October 26, 2005
Business Process Outsourcing Provider to Use QSGI's Data Security & Compliance Services
HIGHTSTOWN, NJ—October 26, 2005—QSGI (PCX: QGI), 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 signed an agreement to provide its data security and regulatory compliance services for one of the largest third-party business process outsourcing (BPO) providers, which provides services for insurance, financial, and healthcare companies. The new client has more than 90 offices throughout the US and the UK as well as operations in Asia and Australia.
Marc Sherman, chairman and chief executive officer of QSGI, stated, “Legislation continues to drive demand for our data security and compliance services. This latest client provides IT services across a number of our targeted industries affected by recent legislation. For instance, the Gramm-Leach-Bliley Act requires companies to ensure the security and confidentiality of customer information by financial institutions. The Health Insurance Portability & Accounting Act of 1996 requires healthcare companies to ensure the confidentiality of all client health information. In each of these instances, our automated data erasure process eliminates any potential liability related to end-of-life technology. Furthermore, our global capabilities, coupled with our web-deployable process for remote offices, uniquely enable us to address both the domestic and international needs of our new client, which has operations in the USA, UK, Germany, France, Singapore, Japan, Malaysia Australia, India and other countries around the world.”
About QSGI
QSGI, manages the information technology (IT) products of Fortune 1000 and government clients, and provides global solutions for meeting its clients’ data security and regulatory compliance needs. 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 WindsorTech’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.
