|
Contact:
Bruce
Widener, CEO
502-657-3507
investors@askbeacon.com
Porter,
LeVay & Rose, Inc.
Marlon
Nurse, V.P. – Investor Relations
212-564-4700
Halliburton
Investor Relations
Geralyn
DeBusk, President, or Hala
Elsherbini,
COO
972-458-8000
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Beacon
Solutions Sees a 54% Growth in Revenue from Contract Services
Division
LOUISVILLE, KY, November 9, 2010 —
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 Technology Systems (ITS) infrastructure solutions,
announces a 54 percent increase in average monthly revenue from the ITS Contract
Services (ICS) strategic business unit.
The four
core business disciplines of Beacon are ITS Engineering (IE), Service Delivery
Management (SDM), ITS Contract Services (ICS) and ITS Construction Management
(ICM). Each strategic business unit is focused on specific areas of
the ITS infrastructure business.
The ITS
Contract Services (ICS) business unit was initiated in February 2009 and offers
ticket-based dispatch and execution of day-to-day client moves, adds, changes or
deletions (MACD), small projects and break-fix services. From
inception through October 2009, ticket-based revenue was $742,662 with average
revenue per month of $82,518. From January 2010 through October 2010,
ticket-based revenue was $1,276,733 with average revenue per month of $127,673,
which represents an approximate 54 percent increase in average monthly revenue
in the ICS business unit.
“This
trend is important for a couple of reasons,” said Jerry Bowman, COO of Beacon
Solutions. “First, it is a confirmation that the outsourcing of
services that have historically been performed internally makes sense for global
Fortune 1000 firms. Secondly, the growth curve by itself is an
indication that the culture of our enterprise clients can adapt to the ITS
managed service relationship. Clients do not want to maintain the
internal resources required to self-manage, analyze or resolve the complex ITS
challenges their infrastructure requires from time to time. This
could be as simple as locating and repairing local issues within the client’s
network infrastructure. Beacon will find the problem; engage the
needed resources to resolve those challenges in a timely manner, often without
the need or with limited involvement from client personnel. Other
times as our clients move, expand or consolidate locations and related users,
they will require moves, adds or changes to the existing infrastructure. I am
confident as more business leaders realize the global reach, efficiency and
predictability that this strategy brings, the ICS strategic business unit will
continue this growth trend and expand to more clients.”
“I am
very proud of the hard work and achievement of our ITS Contract Services team,”
said Bruce Widener, CEO of Beacon Solutions. “This group has shown
the dedication and skill necessary to effectively service our large Fortune 1000
clients who demand the highest of quality and service
standards.”
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
(“ITS”) 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. Beacon’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 Beacon’s corporate website: www.askbeacon.com
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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