DENVER, Aug. 6, 2013 /PRNewswire/ -- CoreSite Realty
Corporation (NYSE: COR), a national provider of powerful,
network-rich data centers, today announced the company has
completed Statement on Standards for Attestation Engagements (SSAE)
16 Type 2 examinations covering all 14 operational data centers
across the United States. SSAE 16 provides CoreSite data
center customers with assurance of corporate controls, including
security and environmental compliance, and validation of CoreSite's
commitment to the most stringent standards of operational
excellence. BrightLine, a licensed CPA firm, conducted the
CoreSite SSAE 16 examinations over the twelve-month period that
ended June 30, 2013. CoreSite
is committed to performing the SSAE 16 examination in future
years.
SSAE 16 is an attestation standard issued by the American
Institute of Certified Public Accountants (AICPA) that reports on
CoreSite controls supporting the services provided to customers.
CoreSite management developed internal control objectives to
support first-class data center management services that were used
to complete the examination. Companies that are
compliance-sensitive and may require an SSAE 16 include
publicly-traded enterprises, financial firms, and healthcare
organizations. The SSAE 16 examination report includes management's
description of CoreSite's systems and the suitability of the design
and operating effectiveness of the controls. Further, the report
contains a written assertion from management regarding the systems
and a service auditor's opinion letter.
About CoreSite
CoreSite Realty Corporation (NYSE: COR)
is the data center provider chosen by more than 750 of the world's
leading carriers and mobile operators, content and cloud providers,
media and entertainment companies, and global enterprises to run
their performance-sensitive applications and to connect and do
business. CoreSite propels customer growth and long-term
competitive advantage through the CoreSite Mesh by connecting the
Internet, private networking, mobility, and cloud communities
within and across its 14 high-performance data center campuses in
eight markets in North America.
With direct access to 275+ carriers and ISPs, over 180 leading
cloud and IT service providers, intersite connectivity, and the
nation's first Open Cloud Exchange that provides access to
thousands of lit buildings and multiple key cloud on-ramps,
CoreSite provides easy, efficient and valuable gateways to global
business opportunities. For more information, visit
www.CoreSite.com.
Forward Looking Statements
This earnings release
and accompanying supplemental information may contain
forward-looking statements within the meaning of the federal
securities laws. Forward-looking statements relate to expectations,
beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that
are not historical facts. In some cases, you can identify
forward-looking statements by the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
"seeks," "approximately," "intends," "plans," "pro forma,"
"estimates" or "anticipates" or the negative of these words and
phrases or similar words or phrases that are predictions of or
indicate future events or trends and that do not relate solely to
historical matters. Forward-looking statements involve known and
unknown risks, uncertainties, assumptions and contingencies, many
of which are beyond CoreSite's control, that may cause actual
results to differ significantly from those expressed in any
forward-looking statement. These risks include, without limitation:
the geographic concentration of CoreSite's data centers in certain
markets and any adverse developments in local economic conditions
or the demand for data center space in these markets; fluctuations
in interest rates and increased operating costs; difficulties in
identifying properties to acquire and completing acquisitions;
significant industry competition; CoreSite's failure to obtain
necessary outside financing; CoreSite's failure to qualify or
maintain our status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; and other factors affecting the real estate
industry generally. All forward-looking statements reflect
CoreSite's good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore,
CoreSite disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause CoreSite's future results to differ
materially from any forward-looking statements, see the section
entitled "Risk Factors" in CoreSite's most recent annual report on
Form 10-K, and other risks described in documents subsequently
filed by CoreSite from time to time with the Securities and
Exchange Commission.
SOURCE CoreSite Realty Corporation