ESC introduces verification system in response to Sarbanes-Oxley Act

ESC introduces verification system in response to Sarbanes-Oxley Act

PRESS RELEASE

Becoming compliant with the Sarbanes-Oxley Act will be easier than ever with the help of Reliafile, ESC's new state-of-the-art verification system. The Sarbanes-Oxley Act of 2002, which is the Public Company Accounting Reform and Investor Protection Act, goes into effect on June 14, 2004. By that time, companies must have a system in place that will effectively verify the accuracy of their financial statements and disclosures.

Reliafile works with the LaserVault report archiving software to make reports and documents tamper-proof, assisting with Sarbanes-Oxley compliance efforts. Reliafile stamps each digital document with a unique thumbprint that confirms the date and time the document was created. It then ties that thumbprint to a US Postal Service Electronic Post Mark (EPM), which is kept on file for seven years. These digital files are now more reliable than the paper files they replace.

At any time in the future, the client, an auditor or regulator can compare the unique thumbprint to the file contents to verify that the file has not changed. If one character of data in the file is altered or transposed, the digital thumbprint will no longer match. Since digital thumbprints do not contain the contents of the files they identify, they can safely be sent outside of the enterprise.

Reliafile can store a copy of the digital file internally, or refer to a file in an external folder or system. Any digital file can be verified by Reliafile including reports, pictures, scanned documents, spreadsheets, word processing files, audio or video recordings, and even databases. Reliafile is the most reliable and cost-effective verification tool for helping companies become compliant with the Sarbanes-Oxley Act. For more information on Reliafile, please visit www.elstore.com.

Company information
Electronic Storage Corp. (ESC), headquartered in Tulsa, Okla., has been providing document management and report archiving software since 1989. We maintain over 1,000 archiving systems worldwide on multiple computer platforms. Our most versatile product, the LaserVault Universal Server, is a non-proprietary archiving solution that can be used in any hardware/software environment.

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