Attached files

                                                                    Exhibit 99.1

Press Release
For Immediate Release


              BKF MOVES TO ADJOURN QUALSTAR SPECIAL MEETING CITING
              PROBLEMS WITH STREET NAME VOTING; MAJORITY OF VOTES
                       CAST APPEAR TO FAVOR BKF PROPOSALS

Boca  Raton,  Florida, June 20, 2012 - BKF Capital Group, Inc. (OTCQB - "BKFG"),
announced  that,  at the Special Meeting of Shareholders of Qualstar Corporation
(NASDAQ  --  "QBAK")  today  called  by  BKF  to  remove and replace the current
Qualstar  directors,  BKF moved to adjourn the meeting for a period of two weeks
to Thursday, July 5, 2012 because of issues with street name voting. The Company
refused  to  recognize BKF's motion and challenged BKF to take legal action. BKF
is now considering its legal alternatives.

In  moving  to  adjourn the Special Meeting, BKF cited problems with street name
voting  that  came  to  its attention shortly before the meeting. These problems
appear  to  have  resulted  either  in  votes  being misdirected or not allowing
shareholders  sufficient  time  to  cast their vote. In one case, if not caught,
these  problems  would  have  resulted in almost 900,000 votes not being cast in
favor of the BKF proposals.

Under  the Qualstar bylaws, a shareholders meeting may be adjourned from time to
time by the vote of a majority of the shares whose holders are either present in
person  or represented by a proxy. Based on a preliminary tally, BKF understands
that  a  majority  of  the shares present at the Special Meeting would have been
cast in favor of adjournment had the motion been allowed.

Also based on a preliminary tally, BKF understands that a majority of the shares
voted  as  of  the  time  of  the  Special Meeting were cast in favor of the BKF
proposals,  although  this  was less than the absolute majority needed to remove
the  current  directors.  Irrespective  of  BKF's  motion  for  adjournment, BKF
believes  that  this  sends  a  powerful  message  to  the  Qualstar  board that
shareholders  will  no  longer tolerate a status quo of annual losses, declining
revenue and depressed market value. BKF also believes that the preliminary tally
demonstrates   solid   support  for  BKF's  demand  to  return  excess  cash  to
shareholders.

In light of today's developments, BKF encourages management to sit down with BKF
to  arrive at a mutually acceptable resolution that will provide for appropriate
representation  of  BKF  on  the Company's board and that will address the other
issues raised by BKF during its campaign.

ABOUT BKF CAPITAL GROUP INC.

BKF  Capital Group Inc. (OTCQB - "BKFG") is a publicly traded company focused on
arranging  a merger, acquisition, business combination or other arrangement with
both  public  and  private  companies  with  unique  value  opportunities and/or
acquiring  a  controlling position in such companies through equity purchases or
debt financings. For additional information please visit: www.bkfcapital.com.

Contacts:
BKF Capital Group, Inc.
Greg Heller  561-362-4199 x 330
gheller@bkfcapital.co