November 11 , 2005
QSGI Announces New Data Center Hardware & Data Center Maintenance Contract with Fortune 100 Defense Contractor
HIGHTSTOWN, NJ—November 11, 2005—QSGI, Inc. (PCX: QGI) today announced that it has been awarded a new contract for its Data Center Hardware and Data Center Maintenance divisions with a leading defense and government contractor.
Marc Sherman, chairman and CEO, stated, “Under the agreement, we will provide this Fortune 100 client with mainframe hardware, along with recurring maintenance services—demonstrating the synergies between these two divisions. The initial agreement represents only a small portion of this client’s global data center hardware and maintenance requirements, and we look forward to expanding our relationship as we demonstrate our service value over time. Our hardware utilization analysis, software utilization analysis, and maintenance utilization analysis are unparalleled in the industry and offer our clients immediate and long-term savings on their mainframe hardware and maintenance needs.”
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.