November 15 , 2005
One of the Nation's Largest Grocery Retailers Selects QSGI for Data Security & Compliance Services
HIGHTSTOWN, NJ—November 15, 2005—QSGI INC. (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 nation’s largest grocery retailers, with more than 3,500 retail locations nationwide.
Marc Sherman, chairman and CEO, stated, “Under the recently enacted FACT Act, companies are required to protect consumers against unauthorized access to their credit information and other sensitive data. Our fully automated and tamper-proof process is ideal for this Fortune 50 company, as it ensures 100% destruction of electronic consumer records and eliminates any chance of human error, hardware error or software error. This unique process enables us to indemnify our clients’ data security liability, which clearly differentiates us from our competitors. By generating a detailed audit report, our process also ensures compliance with the seven-year asset tracking requirements for all public companies under Sarbanes-Oxley. The size and scope of this contract illustrates the growing demand for these services, and reinforces our ability to service clients nationwide and 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.
