Message #24 From:
Stock News Bot Date: May 26, 2005 11:34:20 AM
WSRT News WindsorTech, d/b/a QSGI, Announces Channel Partner Agreement with the Varilease Companies
WindsorTech, d/b/a QSGI, Announces Channel Partner Agreement with the Varilease Companies
HIGHTSTOWN, N.J.
IR Contact:
Lippert/Heilshorn & Associates
David Waldman, 212-838-3777
dwaldman@lhai.com
or
Media Contact:
Lippert/Heilshorn & Associates
Chenoa Taitt, 212-838-3777
ctaitt@lhai.com
WindsorTech, Inc. (OTCBB: WSRT) d/b/a QSGI, today announced a partnership agreement with the Varilease Companies (www.varilease.com), a leading North American equipment and financing provider. Founded in 1987, Varilease has financed more than $1 billion in assets worldwide. Varilease will offer QSGI's full suite of end-of-life IT asset management services, including data destruction and auditing through its client network.
Robert VanHellemont, chief executive officer of the Varilease Companies, stated, "Having watched the evolution of WindsorTech's business, as a member of its board of directors, I believe there is an enormous opportunity for data destruction and auditing services among Varilease's Fortune 1000 customer contacts. Given the strict requirements for security and privacy of consumer and financial data placed upon each of our clients by numerous regulations, including HIPAA, Gramm-Leach-Bliley, and the FACT Act, we look forward to aggressively marketing WindsorTech's full suite of services to our customers in conjunction with our other product offerings."
Marc Sherman, chairman and chief executive officer of WindsorTech, stated, "We are excited to partner with Varilease, which has become the first leasing company to adopt end-of-life IT asset management as part of their standard offering. We look forward to helping build and support the aggressive sales efforts of Varilease."
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.
