RagingWire Successfully Completes SAS 70 Audit

SACRAMENTO, California
October 26, 2004

RagingWire Enterprise Solutions,Inc. (RES), an IT outsourcing provider, today announced it has successfully completed the SAS 70 audit. SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) No. 70. The SAS 70 audit focuses on the internal controls related to the hosted data center and the services it provides for its clients. It is widely considered a key requirement for companies performing data center functions for security-sensitive and regulated organizations.

“The SAS 70 audit provides third-party assurance as to the controls placed in operation at a service organization,” said Scott Price, president of auditing and accounting firm, SAS 70 Solutions. “The controls under review are those outsourced to a third party and impact their client’s internal control environment. Stakeholders may place more reliance on the controls at a service organization who has undergone a SAS 70 audit than a company that has not. By utilizing a firm specializing in performing SAS 70 audits, RagingWire’s controls are measured against best practice standards to provide feedback for continuous improvement of its services and controls.”

Managed service companies like RES employ the SAS 70 audit to disclose their internal controls and processes to their clients. The scope of the SAS 70 inspection includes the five components of internal control: Control Environment, Risk Assessment, Control Activities, Information and Communication Systems, and Monitoring. Managed service companies like RES employ the SAS 70 audit to disclose their internal controls and processes to their clients. The scope of the SAS 70 inspection includes the five components of internal control: Control Environment, Risk Assessment, Control Activities, Information and Communication Systems, and Monitoring.

“We are excited to have successfully completed the SAS 70 audit, which is critical to fulfilling our large Fortune 1000 and Fortune 500 public clients’ compliance requirements,” said Yatish Mishra, president and CTO of RES. “Providing a high level of quality assurance gives our clients complete confidence in knowing that our managed services and collocation solutions have met the industry’s highest standards and best practices.”

About RagingWire

RagingWire Enterprise Solutions (RES) provides highly custom and flexible IT solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility engineered to provide "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 and Fortune 500 companies mission-critical back-office IT systems. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com.

About SAS 70 Solutions

SAS 70 Solutions, Inc. was founded in 2002 by former “Big 4” accounting firm executives and SAS 70 audit experts. SAS 70 Solutions is the first-ever national firm to specialize in SAS 70 audit services. Their mission statement is simple: We provide our clients with the best attributes of the “Big 4” professional services firms while eliminating the non-customer service oriented components.