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| 8-K - 8-K - FTE Networks, Inc. | v199365_8k.htm |
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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
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Beacon
Solutions Sees Growth in ITS Infrastructure Business
LOUISVILLE, KY, October 19, 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
discussed near term sales opportunities.
“Since
Beacon’s inception in 2007, we have continually worked to improve our business
model,” said Bruce Widener, CEO of Beacon Solutions. “We have exited
lines of business that did not meet our gross profit margin objectives and are
now focused on our four core disciplines of ITS Engineering (IE), Service
Delivery Management (SDM), ITS Contract Services (ICS) and ITS Construction
Management (ICM).”
“As
previously announced, the Aggregate Future Value of our Project Backlog
currently stands at approximately $76 million and consists of engagements within
these core disciplines,” added Mark Gervasoni, Chief Marketing and Sales Officer
of Beacon Solutions. “It is our intent to regularly add to this
measure by maintaining a strong and expanding pipeline of new sales
opportunities from which we expect to close a significant amount of new business
each quarter. Our current sales pipeline consists of a number of
potential new business opportunities, including those listed
below.”
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1)
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Potential
engagement with an existing pharmaceutical client to design, engineer and
manage data center infrastructure. Discipline: IE/SDM/ICS.
Approximate value: $15 million.
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2)
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Potential
engagement with a large indoor shopping mall manager in the US to deploy a
building automation management solution and accompanying ITS
infrastructure under the new Smart Enterprises
vertical. Discipline: IE/CM. Approximate value: $1.2
million.
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3)
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Potential
engagement with an existing pharmaceutical client to begin providing ITS
managed services for three of their facilities on a trial
basis. Discipline: IE/ICS. Approximate value: $1
million.
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4)
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Potential
engagement to provide design and engineering for a Mountain Region fiber
optic ring project. Discipline: IE/CM. Approximate
value: $2.5 million.
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“As
projects move from opportunities to engagements, our operational teams work
closely with our sales team to ensure that service delivery, gross margin,
resource allocation and other considerations are effectively addressed,” added
Jerry Bowman, Chief Operating Officer of Beacon Solutions. “We have
the operational procedures, systems and resources in place to effectively
support these and other potential growth opportunities.”
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. 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, 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.
#####