-- Discussion of First Quarter Expectations and More Available on Beacon's Fourth Quarter Conference Call Replay --
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, announced the expectation of first quarter 2010 net sales to exceed $7.5 million. This announcement was made on Beacon's Fourth Quarter Earnings Conference Call, which was held earlier today, in addition to a recap of the fourth quarter and year end results. Financial highlights for the quarter include:
• Fiscal Q4 net sales improving approximately 104% to $4.0 million,
compared with $1.9 million in Q4 2008.
• Fiscal Q4 gross profit
increasing 34% to $1.3 million, compared with $961,000 in Q4 2008.
The replay of the conference call in its entirety is available on the company's website, www.askbeacon.com, under the "investor relations" tab. The replay will also be available telephonically until midnight January 7, 2010 by dialing 800-642-1687 and entering conference ID # 49072624.
The conference call was held earlier today, at 11:00 a.m. EST, and participants included: Bruce Widener, Chairman and Chief Executive Officer; Rick Mills, President; Robert Mohr, Chief Accounting Officer; and Jerry Bowman, Senior Vice President, Global Services.
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.
For comprehensive investor relations material, including fact sheets, research reports, interviews and video, please follow the appropriate link: Investor Relations Portal, Research Report and CEO Overview Video
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.
Contacts:
Beacon Enterprise Solutions Group
Bruce Widener, CEO
502-657-3507
investors@askbeacon.com
or
Porter,
LeVay & Rose, Inc.
Marlon Nurse, V.P. – Investor
Relations
212-564-4700
or
Trilogy
Capital Partners
Darren Minton, Vice President
800-592-6067