QSGI Announces Data Security Services Agreement with Global Leader in Specialty Packaging and Labeling Solutions

QSGI, Inc. (OTCBB: QSGI), the only provider of a full suite of information technology services to help corporations better manage hardware assets, maintenance expenses, and ensure best practices for data security and regulatory compliance, today announced it has entered into an agreement to provide data security and compliance services to one of the world’s largest labeling solution providers. The company operates over 40 production facilities in North America, Europe, Latin America and Asia, and specializes in providing specialty labeling and packaging solutions for consumer and health care industries.

Marc Sherman, chairman and chief executive officer, commented, “With 5,000 employees and a global platform serving some of the largest companies in the world, we are pleased with this important addition to our client roster. Enactment of legislation concerning the protection of confidential information residing on computer systems continues to drive demand for QSGI’s expertise, in which we provide fully automated data erasure and auditing of computer equipment that is going off lease or being retired. Through our “suitcase solution,” offered through our Data Security and Compliance division, we are able to provide these services on-site at our client locations, thereby eliminating the threat of lost or stolen equipment while in transit and the financial liability that can arise. QSGI’s unique cost-effective solutions for helping prevent security breaches in the technology realm place us in a strong position, and our ability to help our clients recoup some of their money through the re-sale of their computers that are being retired makes the value proposition even more appealing to them.”

About QSGI

QSGI provides a full suite of information technology solutions to help corporations and governmental agencies better manage hardware assets, reduce maintenance expenses, build best practices for data security and assure regulatory compliance. With a focus on the entire range of IT platforms – from the PC to the mainframe, the services offered by QSGI are specifically designed to reduce total cost of ownership for IT assets and maximize the clients’ return on their IT investment.

For enterprise class hardware in the data center, QSGI offers hardware maintenance services, hardware environment planning and consultation, refurbished whole systems, parts, features, upgrades and add-ons. Additionally, for desktop IT assets, servers and SAN products, QSGI offers a range of end-of-life services that include: automated asset auditing, Department of Defense (DOD) level data destruction, documentation for regulatory compliance, hardware refurbishment with worldwide remarketing or proper IT asset recycling. Given the sensitive nature of the company’s client relationships, it does not provide the names of its clients. Additional information about the company is available at http://www.qsgi.com .

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.