Exhibit 7.1
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Contact:
investors@askbeacon.com
Porter, LeVay & Rose, Inc.
Marlon Nurse, V.P. Investor Relations
212-564-4700 |
BEACON ENTERPRISE SOLUTIONS ENGAGED TO PROVIDE GLOBAL IT NETWORK
INFRASTRUCTURE SERVICES FOR FORTUNE 100 PHARMACEUTICAL COMPANY
Engagement Worth Approximately $27 Million Over Three Years
LOUISVILLE, KY, October 19, 2009 Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC)
(www.askbeacon.com), an emerging global leader in the design, implementation and management of
high performance Information Transport Systems (ITS) infrastructure solutions, today announced
that it has expanded its relationship with an existing Fortune 100 pharmaceutical client and been
engaged to provide ITS infrastructure documentation, design, installation and ongoing management
services. This engagement, valued at approximately $27 million, covers 39 European countries with
an initial focus in Switzerland, France, Germany, Italy, Netherlands, Belgium and the United
Kingdom and will expand to include the additional 31 countries throughout Europe as well as the
Middle East and Africa.
As part of the engagement, Beacon will conduct ITS infrastructure assessments and prepare complete
documentation of all of the pharmaceutical companys facilities in these countries and provide
ongoing managed ITS infrastructure services utilizing Beacons I(3)MAC (Innovative, Intelligent,
Installation, Move, Add, Change) infrastructure management platform. This engagement encompasses
more than 450 buildings throughout the region. The engagement is in addition to other pre-existing
engagements and projects that Beacon is currently managing for this client.
Bruce Widener, CEO of Beacon Enterprise Solutions said, This engagement represents an extremely
important step in our growth plan. Throughout our long relationship with this client, we have
become increasingly involved in the companys ITS infrastructure design and support structure. We
are pleased to have been recognized by this multinational organization for the work that we have
already accomplished, and to have received another vote of confidence for the expansion of our
global portfolio.
Rick Mills, President of Beacon Enterprise Solutions commented, We are pleased to have expanded
our relationship with this Fortune 100 pharmaceutical client, as it is not only a strong seal of
approval for our capabilities but it also brings with it a strong recurring revenue stream that
will contribute to profitability in the near future. In addition to our work with their existing
facilities, Beacon will also be utilized to work with their potential acquisitions in these
geographical areas that may occur during the term of the engagement. We look forward to
strengthening our relationship with this client and to fulfilling their continuing needs.
The initial phase of the engagement is now underway, and will involve site visits, assessments and
complete documentation of each of the clients buildings throughout Europe, the Middle East and
Northern Africa. Beacon anticipates hiring approximately 30 people in Europe, and utilizing
current Beacon employees based in Zurich, Switzerland to complete this phase of the agreement.
About Beacon Enterprise Solutions Group, Inc.
Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and
management of high performance Layer 1 network 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, voice/data/security system integration, installation and maintenance, in addition to
long distance, VoIP and connectivity services. Beacons 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, Ky., with regional
headquarters in Dublin, Ireland and Zurich, Switzerland and personnel located throughout the United
States and Europe. Beacon is publicly traded (OTC BB BEAC). For more information, please visit
www.askbeacon.com or contact the company at 502-657-3500.
This press release may contain forward looking statements. 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.
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