Message #1 From:
Stock News Bot Date: November 29, 2006 09:13:00 AM
QSGI News QSGI to Trade on the OTC under Ticker QSGI
HIGHTSTOWN, N.J.--(BUSINESS WIRE)--
QSGI INC. (OTC BB: QSGI) today announced that it will begin
trading on the OTC under the ticker symbol QSGI effective today. QSGI
has voluntarily withdrawn the listing of its common stock from NYSE
Arca, Inc., formerly the Pacific Exchange, to increase the liquidity of
its shares and broaden the company's market visibility. Trading on the
exchange has ceased as of the close of trading today.
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.
