Indemnifies Client from Liability Related to Compliance with Data Security Regulations for End-Of-Life IT Assets
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 one of the world's largest enterprise software management companies, with more than 15,000 employees nationwide.
Marc Sherman, chairman and chief executive officer of WindsorTech, stated, "This agreement with one of the world's largest enterprise software management companies further illustrates the momentum we are gaining within the Fortune 500 market and within the technology industry. With over 15,000 employees, this contract will generate a sustainable and long-term revenue stream as we provide our full-suite of end-of-life services, including data destruction and auditing for all of this client's high-end technology assets."
Mr. Sherman continued, "Large public and private companies alike, are beginning to realize the enormous liability they face for improperly discarded IT equipment. This equipment often contains highly confidential information, such as employee health records, bank accounts, social security numbers, customer records, and other sensitive data. Our data destruction process permanently eliminates any otherwise recoverable data, and our procedures are fully automated--eliminating any possibility of human, hardware or erasure software error. As a result, QSGI is uniquely able to indemnify its clients of liability, which clearly differentiates us within the market."
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.
