Net Sales for the Fiscal Year Increased 84% Over the Year-Ago Period to $11.1 Million
Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high-performance Information Transport Systems ("ITS") infrastructure solutions, will host a conference call to discuss its fiscal fourth quarter and full year financial results on January 5, 2010, at 11:00 a.m. EST. During that call management will also discuss its latest contract wins and blueprint for growth in 2010 and beyond. Participants on the call will include Bruce Widener, Chairman and Chief Executive Officer, Rick Mills, President, Robert Mohr, Chief Accounting Officer, and Jerry Bowman, Senior Vice President, Global Services.
Beacon Enterprise Solutions has reported that fiscal 2009 net sales, for the period ended September 30, 2009, increased 84% to $11.1 million, compared with $6.0 million in the year-ago period. The net loss for fiscal year 2009 was $7 million or $0.43 per share, compared with $9 million or $0.95 per share in the year-ago period. The weighted average number of shares for the year ending September 30, 2009, was 16.5 million, compared with 9.5 million in the year-ago period. A full discussion of the Company's results will be issued in its fiscal 2009 financial results press release, which is expected to be issued on January 5, 2010, prior to the conference call.
The teleconference can be accessed by calling 888-945-3916 and entering conference ID # 49072624. Participants outside of the U.S. and Canada can join by calling 706-634-7530 and entering the same conference ID. Please dial in 15 minutes prior to the beginning of the call.
The conference call will be simultaneously webcast and available on the company's website, www.askbeacon.com, under the "investor relations" tab of the website.
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 Transport 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, Ky., with regional headquarters in Dublin, Ireland, and Zurich, Switzerland, and personnel located throughout the United States and Europe.
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.
Contacts:
Beacon Enterprise Solutions Group, Inc.
Bruce Widener, CEO
502-657-3507
investors@askbeacon.com
or
Porter,
LeVay & Rose, Inc.
Marlon Nurse, V.P. – Investor
Relations
212-564-4700