Press Release

Coastal Technologies Group Completes SAS 70 Audit

International Standard Recognizes Coastal’s Strong Controls and Safeguards for Hosting and Processing Customer Data

BOCA RATON, FL – Nov. 28, 2005 – Coastal Technologies Group Inc. (CTGi), a leader in call detail processing, accounting process and OSS support for the telecommunications industry, today announced that it has completed a SAS 70 audit — an in-depth examination of CTGi’s ability to securely process and host critical customer data. The SAS 70 audit is an internationally recognized, in-depth review of a service organization’s internal controls, including the environment, activities and processes for risk assessment, information, monitoring and communication.

By successfully completing the audit, CTGi has clearly demonstrated that it has implemented some of the industry’s most stringent controls for its call detail processing services. The Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on a service organization’s internal controls.

CTGi’s ASP Call Management Platform (CMP) underwent rigorous evaluation of its operational processes which were designed to ensure reliable processing and analysis of call detail record data, the basis for numerous CMP service features including Revenue Assurance, PIU Analysis, cost accrual reports and bill audit support. CMP’s advanced, patented and patent pending software technologies enable complete, detailed, multi-dimensional analysis of telco service provider call volumes, thereby guaranteeing complete and accurate reporting.

“Coastal processes more than 10 billion call detail records each month, so ensuring accuracy of processing and the safety and control of our customer’s data is our utmost concern. Our customers base their accruals and public filings on numbers we generate, so our reporting must be completely correct, verifiable and timely.” said Richard Kane, president and CEO of CTGi. “By completing the SAS 70 audit, we can now clearly and authoritatively document the processes and controls we have in place to ensure the security and the protection for our customers’ transactions and data. In today’s environment, it’s never been more important for our service provider partners to feel confident in their cost accruals based on reliable CTGi data”

Based on the results of the SAS 70 audit, CTGi can provide customers a detailed description of their security controls and safeguards, as well as an independent assessment of the design and effective operation of these controls in operation. CTGi’s SAS 70 audit was performed by Mayer Hoffman McCann P.C. Accounting of Boca Raton, Fla., an independent CPA firm serving companies throughout the United States.

About Coastal Technologies
Coastal Technologies Group, Inc. (CTGi) provides Operations Support solutions for the telecommunications industry. One of the world’s largest ASPs, processing more than 10 billion transactions per month, the company’s suite of solutions closes the loop on the entire telecommunications lifecycle, from order entry to network monitoring to bill auditing. CTGi’s suite of products provide a single source for managing the fixed and variable costs of operating a network, enabling service providers to both provision and track usage with each trading partner.