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QSGI Reports 4Q07

HIGHTSTOWN, N.J. and PALM BEACH, Fla. -- QSGI, Inc. (BULLETIN BOARD: QSGI), the only provider of a full suite of information technology solutions to help corporations better manage hardware assets, maintenance expenses, and ensure best practices for data security and regulatory compliance, today reported financial results for the three and twelve months ended December 31, 2007.

Recent Developments:

  • 31% increase in revenue within Data Center Maintenance division, and
    added 7 new maintenance accounts while also expanding service contracts
    within existing accounts
  • Data Center Hardware division returned to profitability, before
    impairment charges, while being restructured to address major selling
    constraints in the marketplace
  • Increased end-user data erasure and auditing fees within Data Security
    & Compliance division by 135%
  • Added global specialty packaging and labeling client for full suite of
    data security and compliance services
  • Entered into an agreement with major investment bank/financial
    institution for data security & compliance services
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