PALM BEACH, Fla., July 20, 2011 (GLOBE NEWSWIRE) -- QSGI, Inc. (Pink Sheets:QSGI) today announced that its KruseCom unit has acquired four significant new customers in recent days. The size and diversity of these four companies reflect the broad range of services that KruseCom provides for major enterprises.
For a London based wholesale brokerage intermediary KruseCom is providing I.T. Asset Management services with full service Data Security Compliance and Reporting of end-of-life computer equipment at two facilities.
In the mid-west KruseCom is managing remarketing and resale of over 400 mobile tablet computer devices for a delivery company. These units are late model, and were excess inventory of the owner.
KruseCom conducted its first transaction with a new leasing company, providing audit and remarketing services for laptops returning from initial lease.
KruseCom also purchased a large lot of Ultrasound and other medical equipment from a manufacturer of health care solutions and equipment.
Marc Sherman, Managing Member of KruseCom, LLC, and Chairman/CEO of QSGI, Inc., explained, "We are pleased with the new-customer acquisition efforts and results in our KruseCom unit. These transactions represent the kind of customers we seek to serve, and illustrate the broad range of services that KruseCom adds to the QSGI portfolio of offerings. We appreciate the chance to work with these new customers. We are also mindful of our appreciation for our legacy and new shareholders who supported the recent merger between KruseCom and QSGI. As we continue moving closer to our exit from bankruptcy protection we have achieved another milestone; the trailing Q on our ticker symbol has now been removed. This ensures that our legacy shareholders' stock will remain intact.
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.
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.