RagingWire Named as a Finalist in Ernst & Young Entrepreneur Of The Year 2007

SACRAMENTO, California (May 22, 2007)

RagingWire Enterprise Solutions, Inc. (RES), a premier IT outsourcing provider of collocation, server hosting, and on-demand solutions, today announced that its CEO and vice chairman, George Macricostas, and president and chief technology officer, Yatish Mishra, have been selected as finalists for the Ernst & Young Entrepreneur Of The Year® 2007 Award in Northern California.

According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. Macricostas and Mishra were selected as finalists from nearly 80 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 29, 2007 at The Fairmont Hotel in San Francisco.

“We are extremely proud to be named as finalists for Ernst & Young’s Entrepreneur of the Year award,” said George Macricostas, who along with Mishra co-authored RagingWire’s business plan after recognizing a need for providers that offered custom and flexible high-end IT solutions that supported mission-critical systems and growing data densities. “The Ernst & Young brand is well-known and respected in the business community. Being named as a finalist for this prestigious award is a tremendous honor and tribute to RagingWire’s entire staff.”

If starting a business from the ground up wasn’t difficult enough, RagingWire began business operations in the wake of the dot-com downturn. As dwindling reserves and customers forced some of the data center industry’s leading providers out of the market, RagingWire maintained the course of its original plan and not only survived, but thrived. In less than three and half years of opening its doors, the self-funded company achieved true net income profitability and since then has continued to grow its top and bottom line every quarter.

“From day one, RagingWire set out to provide value-added IT outsourcing solutions to large, data-intensive enterprise organizations,” said Mishra. “Through good times and in bad, we’ve maintained our focus and continue to experience tremendous success and growth. While it’s a true privilege to be among such a prominent group of business innovators, this recognition is a credit to the outstanding leadership and hard work of RagingWire’s management team, employees, business partners, and our valued clients. Without them, none of this would be possible.”

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 21st anniversary this year. Awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.”

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 17, 2007. The national Entrepreneur Of The Year celebration is part of Ernst & Young’s Strategic Growth Forum. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are pleased to have Bank of America as the national presenting sponsor, as well as SAP America and the Ewing Marion Kauffman Foundation as national sponsors.In Northern California, local sponsors include NYSE Group, Inc., Scherzer International,SHIFT Communications, LLC and The Big Picture.

About RagingWire
RagingWire Enterprise Solutions (RES) provides highly custom and flexible IT solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility engineered to provide "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 and Fortune 500 companies mission-critical back-office IT systems. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com.

About the Ernst & Young Entrepreneur Of The Year Awards
The awards program was created and is®The Entrepreneur Of The Year produced by professional services firm Ernst & Young LLP. As the first award of its kind, the Ernst & Young Entrepreneur Of The Award recognizes outstanding entrepreneurs who are building and®Year leading dynamic and growing businesses. The program, which celebrated its 20th anniversary in 2006, honors entrepreneurs through regional, national and global award programs in over 125 cities and 40 countries.

About the Ernst & Young
Ernst & Young, a global leader in professional services, is committed to enhancing the public’s trust in professional services firms and in the quality of financial reporting. Its 114,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, a U.K. company limited by guarantee, each of which is a separate legal entity. Ernst & Young Global Limited does not provide services to clients. Ernst & Young LLP is a U.S. client-serving member firm of Ernst & Young Global Limited.