QSGI INC Holds Business Update Conference Call

PALM BEACH, Fla., Dec. 15, 2011 (GLOBE NEWSWIRE) -- QSGI INC. (Pink Sheets: QSGI) will host a general business update call at 4:15 p.m. Eastern Time on December 15, 2011, to discuss the company's progress, outlook and future growth plans.

Marc Sherman, Chairman and CEO, commented, "We look forward to hosting this conference call and providing an update on our business, including our recent acquisition of Green Energy Masters earlier this year. 2011 marked a major turnaround for the company, and we are extremely encouraged by the outlook for 2012."

The conference call can be accessed via telephone by dialing toll free 877-407-8033 for US callers or, 201-689-8033 for international callers. For those unable to participate at that time, a telephone replay of the call will be available approximately one hour following the call, through midnight December 22, 2011, and can be accessed by calling: 877-660-6853 (U.S. callers) or 201-612-7415 (international callers) and entering account # 286 and conference ID: 383934. 

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.

About Green Energy Masters

Green Energy Masters 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, Green Energy Masters 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 Green Energy Masters has rebate programs in place with many of these energy providers.

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.