QSGI, Inc. announced that the company received notification that Benee Scola had tendered her resignation from the board of directors of the company. Her decision was for personal reasons and did not involve any disagreements with the company, management or the board of directors. On September 6, 2012 the company appointed Jason Bodnick to the board of directors. Mr. Bodnick has been a founder and officer in private companies serving the real estate, packaged goods, and retail technology markets for the past 20 years. Presently, Mr. Bodnick is a Partner and Managing Director at Gross Capital Partners, LLC. From 2008 to 2010, Mr. Bodnick was Vice President of Centurion Credit Management. Mr. Bodnick also co-founded and served as a Managing Director of Premium Asset Management.

To discuss the company's progress, outlook and future growth plans

QSGI, Inc. announced that its KruseCom unit has acquired four significant new customers. The size and diversity of these four companies reflect the broad range of services that KruseCom provides for major enterprises. For a London based wholesale brokerage intermediary KruseCom is providing I.T. Asset Management services with full service Data Security Compliance and Reporting of end-of-life computer equipment at two facilities. In the mid-west KruseCom is managing remarketing and resale of over 400 mobile tablet computer devices for a delivery company. These units are late model, and were excess inventory of the owner. KruseCom conducted its first transaction with a new leasing company, providing audit and remarketing services for laptops returning from initial lease. KruseCom also purchased a large lot of Ultrasound and other medical equipment from a manufacturer of health care solutions and equipment.