QualityStocks News - Beacon Enterprise Solutions Awarded $2 Million in New ITS Projects with Existing Fortune 100 Clients

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Company expands product offerings to meet global demand

By offering this service we are extending our global reach to the manufacturing floor and providing the consistent, predictable services to our clients who utilize industrial automation

QualityStocks would like to highlight Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC). Beacon Enterprise Solutions 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.

In the company’s news yesterday,

Beacon Enterprise Solutions Group, Inc. announced that it has been awarded approximately $2 million in new ITS business from existing Fortune 100 clients. To accommodate these new projects, Beacon is expanding its scope of product offering to add Industrial Network Services to its suite of Enterprise services.

Beacon is also extending its fourth utility information technology systems services into the manufacturing operations of existing and future clients by formalizing ITS services to address the needs of the industrial network. Over the past ten years industrial command and control systems have seen a significant increase in the use of data networks and related Internet technologies to transfer information from the plant floor to supervisory and business computer systems. This move permits Beacon to extend its infrastructure expertise in field engineering, design, construction and management from the enterprise network onto the factory floor of both existing and future clients with global manufacturing sites.

Beacon has identified and begun initial work that will extend to more than 18 global manufacturing sites. Expanding enterprise services to include industrial networks is forecasted to add $2 million of incremental revenue for fiscal 2012. This work leverages Beacon’s existing four core business units and will utilize the same site assessment, design/build and manage approach that has been successful in the enterprise space with enterprise IT networks.

“We are excited to formally enter the industrial network arena,” stated Jerry Bowman, Beacon’s President and COO. “We’ve been watching the advances in technology in this space and see positive indicators that our clients are ready to leverage the benefits that our IT clients have enjoyed in their enterprise networks for years. Some of these analog networks were built more than 20 years ago, so the need for our services in this space is significant. By offering this service we are extending our global reach to the manufacturing floor and providing the consistent, predictable services to our clients who utilize industrial automation. In line with our business strategy, this strategy significantly reduces the number of vendors our clients need to maintain their existing and planned ITS infrastructure.”

“This move is a continuation of our commitment to remain focused on our core business, and at the same time continue to expand our suite of services,” added Bruce Widener, Beacon’s Chief Executive Officer. “Our clients have recognized that we have the expertise to help them migrate legacy factory floor systems to utilize enterprise-class IP infrastructure and networks. We like the idea of being able to address real client needs without increasing cost or risk to our company. This is another win-win offering.”

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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.


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