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Beacon Solutions Comments on New Business Opportunities

^{Published on 2010-10-13 04:45:51 - Market Wire}
 

LOUISVILLE, Ky.--([ BUSINESS WIRE ])--Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC) ([ www.askbeacon.com ]) an emerging global leader in the design, implementation and management of high performance Information Technology Systems (ITS) infrastructure solutions, today commented on trends impacting the ITS industry and how the Company intends to capitalize on current market opportunities.

"Over the past few quarters, Beacon has refined its business strategy to take advantage of the scalability, global mobility and the higher margin professional services segment of the ITS industry"

As a corporate enterprise evolves into a fully multi-national and global footprint, the information technology infrastructure which, has historically been managed by a patchwork of local and regional service delivery companies, simply cannot scale to effectively meet the related technological and logistical challenges. These service delivery companies begin with a local focus, and during their lifecycles remain limited by a variety of factors tied to a small geographical span of control. In addition to these challenges, the local-to-regional model introduces a variety of management issues into the budgets and operations of the multi-national and global enterprise. Among the issues facing the Sourcing, IT or Facilities professional within a global enterprise are unpredictable costs, lack of standardization and high internal management expense. The Beacon solution offers a unique approach that matches global ITS problems with global ITS solutions.

In order to address the unique challenges presented by complex technology infrastructure issues, Beacon offers a single-source solution to assess, engineer, implement and manage ITS infrastructure needs for enterprise clients regardless of geographic diversity. The Beacon solution is especially important in todaya™s challenged economic environment where clients of all sizes are looking to contain cost, facilitate standardization, and introduce consistency and predictability into their global infrastructure management process. Other trends such as cloud computing and the convergence of technologies drive efficiency, but simultaneously introduce significant levels of traffic and quality of service focus on network performance. These trends are driving new business opportunities for growth within Beacona™s core business.

The current global market for ITS infrastructure is approximately $70 billion according to Technology Business Research (TBR). Within this marketplace, Beacon employs a multi-channel strategy for organic growth in four key areas: 1) Beacona™s existing marquee and targeted global clients, which include some of the largest corporations in the world; 2) Beacona™s current and expanding relationships with manufacturers, including CommScope, Siemon and Panduit; 3) Beacona™s current and expanding relationships with distributors, including Anixter, Communications Supply Corporation and Graybar; 4) technology and trade partnerships, such as Beacona™s recently announced agreement with SAIC, an $11 billion scientific engineering and technology applications company. This strategy is focused within existing vertical markets in pharmaceuticals, retail and smart buildings and within several emerging vertical markets with global integrators, outside plant opportunities and the healthcare industry.

aOver the past few quarters, Beacon has refined its business strategy to take advantage of the scalability, global mobility and the higher margin professional services segment of the ITS industry,a said Bruce Widener, CEO of Beacon Solutions. aA significant amount of the core demand for our services is coming through relationships with global systems integrators, hardware manufacturers and software companies who view Beacon as an ideal partner. These partnerships provide the opportunity for a mutually beneficial synchronization of efforts to expand the reach and integration of our collective products and services while enabling both to increase the respective reach and scope within the Fortune 1000/Global 2000 customer marketplace. We continue to hire some of the brightest and best ITS professionals in the business to help us secure, implement and manage these services. We have secured the financing we need to manage the liquidity and growth of the company. As a result, we expect to achieve record revenue growth and sustainable profitability in 2011.a

About Beacon Enterprise Solutions Group, Inc.

Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Technology Systems (aITSa) infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management. Through an integrated team approach, Beacon offers a broad range of products and services including IT infrastructure design, implementation and management, application development and voice/data/security system integration, installation and maintenance. Beacona™s client roster includes state and local agencies, educational institutions, and over 4,000 companies ranging in size from mid-sized companies to the Fortune 500. Beacon is headquartered in Louisville, Kentucky, with a regional headquarters in Dublin, Ireland, Prague, Czech Republic and personnel located throughout the United States and Europe.

For additional information, please visit Beacona™s corporate website: [ www.askbeacon.com ]

This press release may contain aforward looking statements.a Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements.These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan.Although we believe that the expectations reflected in any forward looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results.The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.