WindsorTech, d/b/a QSGI, Announces Agreement with North American Subsidiary of Leading European Media
20 May 2005
WindsorTech, Inc. (OTCBB: WSRT - News) d/b/a QSGI, today announced an agreement to provide data destruction and end-of-life IT asset management services to a mid-sized media company with approximately 2,000 employees. The new client is a North American subsidiary of a leading European media company that provides publications, information and marketing services to the technology and healthcare industries. Asset management services are expected to commence in the late second quarter.
Marc Sherman, chairman and chief executive officer of WindsorTech, stated, "We look forward to providing our data destruction and end-of-life IT services to this premiere global media company, and leveraging our relationship into other domestic and international subsidiaries of the parent company. Given the sensitive nature of our client relationships, we will also no longer provide the names of new clients we are working with but rather the approximate number of employees."
About WindsorTech
WindsorTech Inc., d/b/a QSGI, manages the information technology (IT) products of Fortune 1000 and government clients, and provides global solutions for meeting its clients' data security and regulatory compliance needs. QSGI offsets its clients' expenses through its value-added remarketing program. Prior to resale, the company utilizes its proprietary Department of Defense (DOD) level certified data sweep to eliminate otherwise recoverable data. QSGI reduces its clients' potential liability, by ensuring regulatory and environmental compliance for IT products. QSGI also maintains and provides services on enterprise-class hardware, including mainframes, midrange servers, tape storage products and disk storage products.
Statements about WindsorTech'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. WindsorTech intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and WindsorTech's actual results could differ materially from expected results. WindsorTech undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
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Contact:
Lippert/Heilshorn & Associates
IR Contact:
David Waldman, 212-838-3777
dwaldman@lhai.com
or
Media Contact:
Chenoa Taitt, 212-838-3777
ctaitt@lhai.com
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Source: WindsorTech, Inc.
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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