|
|
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
|
Beacon
Enterprise Solutions Signs $1.7M Agreement
LOUISVILLE, KY, December 14, 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, today
announces a new agreement has been executed with a global heavy-truck
manufacturing firm worth approximately $1.7M over the 36-month term of the
contract.
This new
agreement represents an extension of a long-term client relationship that has
not been part of the previously discussed Project Backlog. As part of
this engagement, Beacon has been contracted to maintain an application which was
developed by Beacon that the client utilizes at its dealer locations throughout
the United States and 44 other countries. This application enables
the client to use a shared platform for designing their respective
customer-requested products.
“I am
proud of our sales and managed services team for executing this new contract for
Beacon,” stated Bruce Widener, CEO of Beacon. “This contract is
important as it generates a consistent revenue stream through the 36-month term
of the agreement. Our teams in the United States and India provide
various managed service and support functions for this global
client. We look forward to working with this marquee client on this
application as well as future projects as our relationship continues to
evolve.”
Aggregate
Future Value of Project Backlog
Aggregate
Future Value of Project Backlog reflects the projected revenue impact of
existing engagements over a one to four year period and is subject to change as
work is completed and/or the scope of various engagements changes over time.
This number includes the projected value of previously announced, multi-year ITS
managed services engagements as well as short-term projects for which the
Company has been engaged to provide ITS Engineering (IE), Service Delivery
Management (SDM), ITS Contract Services (ICS) and/or ITS Construction Management
(ICM).
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. 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.
######