Message #4 From:
Stock News Bot Date: January 16, 2007 04:30:00 AM
QSGI News QSGI Awarded $1.2 Million of Annualized Data Center Maintenance Contracts
HIGHTSTOWN, N.J.--(BUSINESS WIRE)--QSGI, Inc. (OTC BB: 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 that it has been awarded additional mainframe and mid-range
server maintenance contracts, which are estimated to generate
approximately $1.2 million in additional annual revenue for the company’s
Data Center Maintenance division.
Marc Sherman, chairman and CEO, stated, “Our
Data Center Maintenance division continues to show steady growth in
recurring monthly revenue maintenance contracts. Upon their commencement
during the first quarter of 2007, these additional contracts from new
and existing Data Center Maintenance clients should amount to
incremental annualized revenue of approximately $1.2 million, and allow
our Data Center Maintenance division to start off 2007 on a pace of
approximately $6.6 million in annualized revenues. With a full year of
opportunities still ahead of us, the Data Center Maintenance division
has now locked in its 4th consecutive year of
double digit revenue growth for 2007, with annualized revenues already
20% ahead of last year. As a result, we are encouraged by the outlook
for continued top and bottom-line improvement for QSGI during 2007.”
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.
