November 17 , 2005
QSGI Signs Four New Data Security & Regulatory Compliance Channel Partners
HIGHTSTOWN, NJ—November 17, 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 four new channel partner agreements to provide data security and regulatory compliance services through each of its partners’ respective distribution channels:
– Nationwide cost-containment and cost reduction strategy firm
– Leading outsourced technology recycler
– Transportation solutions provider for small and mid-sized businesses
– National supplier of office furniture and equipment
Marc Sherman, chairman and CEO, stated, “Our channel partner strategy enables us to address the untapped middle-market, while focusing our internal sales efforts on Fortune 1000 companies. Although the primary focus of these relationships is the middle market, we recently began providing our data security and compliance services for another Fortune 500 defense contractor through one of these new channel partners. We expect these channel partner relationships to begin ramping up as early as the first quarter, and our plan is to add additional channel partners across a wide array of business sectors.”
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.
