PALM BEACH, Fla., June 29, 2011 (GLOBE NEWSWIRE) -- QSGI, Inc. (Pink Sheets:QSGIQ) today announced that its KruseCom unit was awarded a project to de-install, erase, and audit approximately 500 high value Sun and HP servers for a major transportation company. This project was developed to allow the customer to recover value from its existing data center that is in the process of being outsourced.
Marc Sherman, President of KruseCom, and Chairman/CEO of QSGI, Inc., explained, "We look forward to commencing work with this major transportation company. This contract clearly demonstrates the value we can bring to clients by enabling them to decommission, erase, audit, and most important, recover value from their high end servers. The marketing department especially is making it possible for us to do more with less. What might have taken a sales organization of 50 representatives a decade ago is now being accomplished with email and internet marketing at a far lower cost. That makes it possible for our smaller team of sales professionals to spend time only with customers considering imminent decisions. Sales efficiency is increasing and accelerating. The high margins we expect to achieve from these projects, coupled with our lean operating structure, should allow us to maintain and maximize profitability in the months and years ahead."
About KruseCom
KruseCom 'Buys, Sells, and Maintains Enterprise I.T.' KruseCom's portfolio of products and services is designed to help corporations and government organizations to better manage their surplus information technology assets. KruseCom customers benefit by reducing their maintenance expenses, building best practices for data security, and assuring regulatory compliance. Addressing the entire range of IT platforms – from mainframes, midrange servers and PCs, to network infrastructure and enterprise storage hardware, the services offered by KruseCom are designed to reduce total cost of ownership for IT assets and maximize the clients' return on their IT investments.
For enterprise class hardware in data centers, KruseCom offers hardware maintenance services, refurbished whole systems, parts, features, upgrades, and add-ons. Additionally, for desktop IT assets, servers, and SAN products, KruseCom offers a range of end-of-life services that include: automated asset auditing, Department of Defense (DOD) level data destruction, documentation for regulatory compliance, hardware refurbishment, worldwide remarketing, and proper IT asset recycling.
Given the sensitive nature of the company's client relationships, it does not provide the names of its clients. Additional information about the company is available at www.KruseCom.com.
About QSGI
QSGI, Inc. specializes in technology asset management, new product sales, used product remarketing, enterprise maintenance, spare parts sales, end of lifecycle management, hard drive destruction and data erasure, fee-based e-waste disposal, and green recycling. Providing a spectrum of information technology products and services, QSGI creates a marketplace that bridges I.T. transactions between Fortune 500 corporations, original equipment manufacturers, leasing companies, privately held businesses, and even individual consumers. QSGI's mission is to continue developing new services that add value for its customers and shareholders. Additional information about the company is available at www.QSGIInc.com.
Forward-Looking Statements:
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of QSGI to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of mergers, acquisitions, and operations; competition from other technology companies; and the additional risks discussed in filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and QSGI undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The company names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.