Message #25 From:
Stock News Bot Date: May 26, 2005 11:34:40 AM
WSRT News WindsorTech, d/b/a QSGI, Announces Agreement with Leading Targeted Media Company
WindsorTech, d/b/a QSGI, Announces Agreement with Leading Targeted Media Company
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 an agreement to provide data destruction and end-of-life IT asset management services to the premier targeted-media, trade and niche consumer magazine publishing company. This new client has more than 4,500 employees and reported over $1 billion in sales for 2004. Asset management services are expected to commence in the second half of 2005.
Marc Sherman, chairman and chief executive officer of WindsorTech, stated, "We look forward to providing our full-suite of data security and regulatory compliance services to this leading publisher of trade journals and other industry publications. Given the recent breaches of consumer data and the increasing incidences of identity theft, it is extremely important for publishers, as well as other media and Fortune 1000 companies to fully destroy their customer data from end-of-life PCs, notebooks, servers and enterprise-class storage."
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.
