The Gasket Guy, Inc. Recognized as a PG&E Top Performer

PALM BEACH, Fla., Sept. 22, 2011 (GLOBE NEWSWIRE) -- QSGI Green, Inc.'s (Pink Sheets: QSGI) wholly owned subsidiary dba The Gasket Guy, was today recognized as a Top Performer in the field of energy savings by Pacific Gas and Electric Company (PG&E). According to PG&E's "Current Tools" publication, "These awards celebrate the hard work and amazing success of our top performing Trade Professionals who delivered significant energy savings to our customers despite the economic down-turn and challenging times."

The program recognizes contributors who delivered the greatest amount of energy savings through PG&E's 2010 Energy Management Solutions. The Gasket Guy earned a Top-3 ranking in five of the seven program categories. The Gasket Guy helped PG&E customers save 3,310 KW and 18,062,864 kWh in 2010. Overall, The Gasket Guy won second place in both kW and kWh savings.

Marc Sherman, Chairman/CEO of QSGI, Inc., explained, "We are very proud of The Gasket Guy's recognition by PG&E. This award is a significant milestone that illustrates the importance of energy savings. QSGI Green, Inc. and its Gasket Guy operation cooperate with many other energy providers across the nation, and we anticipate similar recognition and successes in other regions."

Moshe Schneider of QSGI Green, Inc. commented, "With growing demand for energy, and limited natural resources, saving energy is often easier and more cost-effective than generating new energy. Our unique business model enables our clients to maximize energy savings, while capturing additional value from these rebate programs. QSGI Green's value proposition is a win for both the utilities as well as for local and multi-national organizations." 

About The Gasket Guy, Inc.

The Gasket Guy, Inc., manufactures replacement refrigeration gaskets to fit any commercial refrigeration unit including refrigerators, coolers, and walk-in units. Leaking gaskets waste energy and cause wear and tear on refrigeration equipment. By providing factory-new replacement gaskets, The Gasket Guy helps customers save energy, save money, and save the environment. While fitted gaskets generate their own ROI, energy companies in many regions provide rebates and incentives to encourage customers to take the recommended actions to save energy, and The Gasket Guy has rebate programs in place with many of these energy providers.

About QSGI , Inc. 

QSGI, Inc. specializes in green technology, 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 technology products and services, QSGI creates a marketplace that enables environmentally friendly 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.