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QSGI Awarded Over $500,000 of Additional Annualized Data Center Maintenance Contracts

Posted on: Wednesday, 18 July 2007, 09:18 CDT

QSGI, Inc. (OTCBB: QSGI) 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 it has been awarded additional mainframe and mid-range server maintenance contracts, which are estimated to generate over $500,000 in additional annual revenue for the company's Data Center Maintenance division.

"These additional mainframe and mid-range server maintenance contracts further reinforce the traction we are gaining in the industry, as a proven and reliable alternative for these mission critical maintenance services," stated Marc Sherman, chairman and CEO of QSGI. "In addition to opening up new accounts, our Data Center Maintenance division is doing a great job in expanding the services we are providing to existing clients from mainframe maintenance to mid-range processor services. Additionally, the investments made in the maintenance division during the first half of the year to develop a Sun Sever expertise have begun to pay dividends, as we are now contracted to provide Sun maintenance service as well."

Mr. Sherman continued, "The Data Center Maintenance division has generated solid double digit growth in revenue and margin in each of the past three years. 2007 again will be no exception as we grow revenues from $4.8 million in 2006 to a run-rate in excess of $7.1 million by the fourth quarter, with another 5 months of 2007 still remaining to continue to expand our base of maintenance clients and services."

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 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.

Source: Business Wire

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