Core Services Receives SAS 70 Type II Certification for Fifth Consecutive Year.

MORRISTOWN, N.J., Oct. 25 /PRNewswire/ -- Core Services Corporation, an award-winning Oracle Certified Partner, announced today that, for the fifth consecutive year, it has received a satisfactory report on selected IT controls, as prepared under the guidelines of American Institute of CPAs' Statement on Auditing Standards No. 70 (SAS 70). The "Type II" report, which is applicable to Core's hosting service business segment, will be issued by the New York-based accounting and consulting firm of Eisner LLP.

Core Services recognizes that Sarbanes-Oxley legislation has placed an increased focus on the internal controls, but views the audit report as a tool designed to provide Core's clients with a certain level of assurance regarding the internal controls consistently maintained by Core Services. The SAS 70 Type II report addresses all five components of internal control outlined in the Sarbanes-Oxley legislation, namely the control environment, risk assessment activities, control activities, information and communication systems, and monitoring activities.

The SAS 70 Type II examination is widely recognized because it guarantees a service organization has undergone a review of various IT control activities. Issued by an independent accounting firm, the unqualified opinion of the SAS 70 report differentiates Core Services from many of its competitors by demonstrating Core's commitment to, and establishment of, well-designed and executed control objectives and related processes and procedures.

"Core Services understands the ever increasing importance of corporate governance as well as the impact of our organization's services on our clients' system of internal controls," says Jim Bistis, Core Services CEO and President. "The successful completion of the 2007 SAS 70 Type II audit provides our customers our continued commitment to maintaining a high level of internal control."

Bistis explains that passing an SAS 70 Type II examination is essentially a "price of admission" for applications service providers. "They provide clients with vital third-party assurance that a wide array of mission-critical internal controls have been exhaustively examined, documented, and tested," says Bistis. "This certification confirms that our processes and procedures meet the highest standards, support the secure, effective delivery of our services, and can withstand the scrutiny of independent accountants. This is an important distinction from some of our competitors who only have their collocation landlord's data center facilities examined. In those situations, there is no assurance that SAS 70 Type II criteria apply to an ASP's internal processes, procedures, and controls at all, potentially posing a significant risk to its clients."

Coupled with increased regulatory mandates and guidelines for businesses, SAS 70 Type II examinations have been propelled to the forefront of business test practices and will continue to be part of Core Services' ongoing security and process documentation discipline.

About Core Services:

Core Services Corporation, an Oracle Certified Partner, delivers Oracle- based business operations solutions and information systems and support to clients worldwide by providing award-winning Oracle Consulting and Oracle Hosting Services. Additionally, Core Services is exclusively authorized to sell and service Oracle E-Business Suite leveraging the Oracle Business Accelerators. Focused exclusively on Oracle Applications since 1990, Core Services also offers Managed, Remote DBA, and Disaster Recovery services in addition to Oracle Consulting Services for new Implementations and Upgrades. For more information about Core Services, visit our website at: http://www.coreservices.com

     Contact:

     Jennifer A. Lasida
     Director of Marketing and Events
     Core Services
     +1 281-394-2360
     jlasida@coreservices.com