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I2B Networks completes the SAS 70 Type II Audit for its new SAN02 Enterprise datacenter and colocation facility.

San Diego, CA; October 15, 2010: I2B Networks, a leading privately held ISP in the Southern California market, announced today that it completed the SAS 70 Type II Audit for its SAN02 11,000 square foot data center facility. "The SAS 70 Audit is more than just a checkmark for I2B Networks – it is the way we run our business. We want our customers to know their data and servers are safe, secure, and audited to be in compliance with HIPAA, SOX, and PCI DSS standards," said Jim Fitzgerald, CEO of I2B Networks.

SAS 70 Overview:

Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A service auditor's examination performed in accordance with SAS No. 70 (also commonly referred to as a "SAS 70 Audit") certifies that a service organization has been through an in-depth audit of their control objectives and control activities, which often include controls over information technology and related processes. In today's global economy, service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting.

SAS No. 70 is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. The issuance of a service auditor's report prepared in accordance with SAS No. 70 signifies that a service organization has had its control objectives and control activities examined by an independent accounting and auditing firm. The service auditor's report, which includes the service auditor's opinion, is issued to the service organization at the conclusion of a SAS 70 examination.

About I2B Networks:

I2B Networks is a full service Internet Solutions Provider founded in 2002 by Jim Fitzgerald and Tim Sears. Both founders have an abundance of experience in the industry, dating back to the early 1990's when they founded local San Diego ISPs CTSnet and CONNECTnet. Both brought an experienced team of system and network engineers with them to I2B Networks. I2B Networks provides a full array of Internet Solutions including server colocation, internet access, VoIP, Hosted PBX, managed it solutions and video streaming.

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