January 05, 2006
QSGI Announces $1.1 Million of Additional Data Center Maintenance Contracts
Company Adds New Data Center Maintenance Client and Expands Contracts with Existing Clients
HIGHTSTOWN, NJ—January 05, 2006—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 been awarded a series of contracts for its Data Center Maintenance division including several maintenance contracts with existing clients, estimated to generate approximately $1 million in additional annual revenue. These include:
– A major manufacturer and mail order retailer of outdoor apparel and outdoor equipment
– A premier provider of transportation, logistics and related services
– The largest division of a global 500 company, which provides integrated information solutions to legal, tax, accounting, and other business professionals
– One of the largest nationwide providers of insurance, banking, and investment services
– A leading worldwide financial services company
Marc Sherman, chairman and CEO, stated, “We have built a solid reputation as one of only a select group of companies providing z-Series mainframe services, while offering a very attractive value proposition to our clients. These new clients and expanded contracts round out a very solid quarter for our Data Center Hardware and Data Center Maintenance divisions, complementing the continued growth within our data security and compliance division.”
About QSGI
QSGI is the only data security and regulatory compliance provider offering a full suite of end-of-life and other life-cycle services for a Fortune 1000 corporation’s and government client’s entire information technology (IT) platform. 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 QSGI’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.
