Message #23 From:
Stock News Bot Date: May 26, 2005 11:33:59 AM
WSRT News WindsorTech, d/b/a QSGI, Announces New Hardware Maintenance Contract with Leading Transaction Processor for Financial Service Companies
WindsorTech, d/b/a QSGI, Announces New Hardware Maintenance Contract with Leading Transaction Processor for Financial Service Companies
HIGHTSTOWN, N.J.
IR
Lippert/Heilshorn & Associates
David Waldman, 212-838-3777
dwaldman@lhai.com
or
Media
Lippert/Heilshorn & Associates
Chenoa Taitt, 212-838-3777
ctaitt@lhai.com
WindsorTech, Inc. (OTCBB: WSRT) d/b/a QSGI, today announced that it has been awarded a new contract for its data center maintenance services with a global leader in transaction processing solutions primarily for financial services and higher education to ensure the continuity of their business. This industry leader's customers operate in more than 50 countries, and include the world's 50 largest financial services companies.
Joel Owens, executive vice president and director of international operations, stated, "We are very excited about this contract, which represents an important inroad into this sizeable client. Our initial agreement represents only a small portion of this client's global data center maintenance requirements for its stable of more than 50 mainframe processors, and we look forward to expanding our relationship as we continue to demonstrate our service value over time."
About WindsorTech
WindsorTech Inc., d/b/a QSGI, manages the information technology (IT) products of Fortune 1000 and government clients, and provides global solutions for meeting its clients' data security and regulatory compliance needs. 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 WindsorTech'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. WindsorTech intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and WindsorTech's actual results could differ materially from expected results. WindsorTech undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
