LOUISVILLE, Ky., Sept. 14, 2011 /PRNewswire/ -- 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 the execution of a new contract to provide fiber-optic cabling to an existing Fortune 50 pharmaceutical client.
The project has an expected value of approximately $500,000, with work beginning towards month-end and completion expected before the end of the calendar year. As per terms of the agreement, Beacon will connect seven buildings together utilizing single mode fiber optic cable to interconnect the telecommunications rooms between locations for more efficient data transfer. This project, which is for a U.S. location, will also involve aspects of building security, in addition to traditional local area network requirements, to upgrade the client's ITS infrastructure within their campus environment.
"This project is important as it is among the first of the delayed projects, sometimes from as far back as a year or two - that are beginning to move forward. This is the second new contract we have announced since July in our Pharma Division – and is exemplary of projects moving forward that have been on the shelf," said Jerry Bowman, President and COO of Beacon. "Client approval and purchase order activity within our existing clients is an important barometer for us of trending within our clients, especially as we begin to close out FY2011 and finalize plans for 2012."
Bruce Widener, Chairman and CEO of Beacon concluded, "I am encouraged by the growth in our core business. We are starting to turn the corner on projects that in some cases have been a year or more in process. Our existing clients continue to turn to Beacon to implement needed ITS solutions in order to remain competitive in today's global economy. I expect to continue to see more organic growth from our Fortune 1000 clients."
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 regional headquarters in Cincinnati, Ohio, 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.
Bruce Widener, CEO
Porter, LeVay & Rose, Inc.
Marlon Nurse, V.P. – Investor Relations
Halliburton Investor Relations
Geralyn DeBusk, President, or Hala Elsherbini, COO
SOURCE Beacon Enterprise Solutions Group, Inc.