QSGI Adds Premier Investment Bank for New Backup Tape Destruction Process

Business Wire, July 19, 2007

HIGHTSTOWN, N.J. -- QSGI, Inc. (OTCBB:QSGI) the only data security and regulatory compliance provider offering a full suite of life-cycle services for a corporation's entire IT platform, today announced the data center operations of an existing Data Security & Compliance division corporate client, a premiere investment banking firm, will utilize QSGI's fully-audited back-up tape destruction service, in addition to the data security services currently provided. Under the agreement, QSGI will provide its new process for the permanent destruction of backup data tapes including its automated on-site auditing process and complete destruction of over 60,000 backup tapes through incineration in an environmentally compliant manner.

"This project marks the second investment bank we have added for our new backup tape destruction process, since first launching this service one month ago," commented Marc Sherman, chairman and CEO of QSGI. "This agreement illustrates the growing demand for comprehensive end-of-life data protection within both the corporate computing and data center environments of a company, given the civil lawsuits and fines being levied against companies that do not properly protect their customer's and employee's data. Moreover, this project, coupled with each of our recent client additions, further validates our investments in these processes and allows us to continue our progress on the path to profitability within our Data Security & Compliance division."

About QSGI

QSGI provides a full suite of information technology solutions to help corporations and governmental agencies better manage hardware assets, reduce maintenance expenses, build best practices for data security and assure regulatory compliance. With a focus on the entire range of IT platforms - from the PC to the mainframe, the services offered by QSGI are specifically designed to reduce total cost of ownership for IT assets and maximize the clients' return on their IT investment.

For enterprise class hardware in the data center, QSGI offers hardware maintenance services, hardware environment planning and consultation, refurbished whole systems, parts, features, upgrades and add-ons. Additionally, for desktop IT assets, servers and SAN products, QSGI 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 with worldwide remarketing or 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.qsgi.com.

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.