QSGI Signs Reseller Agreement with GE Commercial Finance in India

Business Wire, July 23, 2007

HIGHTSTOWN, N.J. -- QSGI, Inc. (OTCBB: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 announced the signing of an agreement with GE Commercial Finance in India to utilize its full suite of IT services to ensure data security and maximize re-marketing proceeds from its portfolio of off-lease IT equipment. This project is expected to initially generate over $400,000 in revenue for GE's portfolio coming off-lease through year-end 2007.

"The global nature of end-of-life IT issues and privacy concerns are evidenced by our latest assignment to provide QSGI's data security and compliance services to GE Finance's India operations," commented Marc Sherman, chairman and CEO of QSGI. "We are pleased to have this opportunity to further demonstrate our capabilities in the international marketplace."

Mr. Sherman continued, "India's rapid technological evolution over the past few years has necessitated a viable solution for handling the life cycle of IT equipment for companies in the region. The equipment we are now remarketing for GE Finance in India was first leased three years ago, while the country's data processing market was still in its early stages. We would anticipate expanding our penetration into India as more equipment comes off lease. QSGI has been ahead of the curve with the services we offer and we are pleased that our efforts in the region have begun bearing fruit. We look forward to effectively addressing GE Commercial Finance's needs for the foreseeable future and beyond."

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.