Data Security Solutions

Data Center Maintenance & Security

QSGI Announces New Data Security & Compliance Business with Major International Financial Institution

QSGI INC. today announced that it has signed a contract to provide its full suite of data security and regulatory compliance services to the 5,000 employee U.S. subsidiary of a Paris-based financial institution. The parent company has more than 90,000 employees covering operations in over 90 countries worldwide, including corporate and retail banking, asset management, and investment banking services

"This is a tremendous win for QSGI, with a leading financial institution and one of the top names in international investment banking," stated Marc Sherman, chairman and CEO of QSGI. "We will provide our complete suite of data security services to the client's growing U.S. operations, at multiple locations across the country, and look to expand across the institution's many international offices going forward. Banks such as this are a focus for QSGI due to the sensitivity of their data and strict compliance requirements."

About QSGI: QSGI is the only data security and regulatory compliance provider offering a full suite of end-of-life and other life-cycle services for a Fortune 1000 corporation's and government client's entire information technology (IT) platform. 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 QSGI'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. QSGI intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and QSGI's actual results could differ materially from expected results. QSGI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

posted by Tirth @ 11:17 PM