LOUISVILLE, Ky., CINCINNATI and COLUMBUS, Jan. 18, 2008 (PRIME NEWSWIRE) -- Suncrest Global Energy Corp. (OTCBB:SGEG) today announced the appointment of three new board members. The Company's Board of Directors now includes:
Bruce Widener, CEO and Chairman. Mr. Widener possesses over 19 years of industry experience. He previously served as Senior Vice President of Corporate Development and was one of the founding employees of UniDial Communications / Lightyear Network Solutions. At Lightyear, Mr. Widener was responsible for Product Development and IT as well as Mergers & Acquisitions and was the driving force behind several significant initiatives, including the Company's unique authorized agent program and its entree into the local, data and most recently VoIP markets. Prior to joining Lightyear, Mr. Widener held positions at WorldTel Services, LiTel/LCI International and Charter Network.
John D. Rhodes III, M.D., F.A.C.C., Director. Dr. Rhodes was a founding investor in Texas Roadhouse, Inc. and a member of its advisory board until its IPO in October 2004. He was also a founding investor and Chairman of Glyphics Communications, which was acquired by Ilinc Communications in 2004. Dr. Rhodes graduated from the University of Kentucky with a BA with distinction in 1976, and from the University of Louisville School of Medicine MD in 1980. Dr. Rhodes is Board Certified in both Internal Medicine and Cardiovascular Diseases and is a Fellow of the American College of Cardiology.
J. Sherman Henderson, Director. Mr. Henderson possesses more than 35 years of business experience, including company ownership, sales, marketing and management. He is currently president and CEO of Lightyear Network Solutions, LLC. In 2004, he was voted chairman of COMPTEL, the leading communications trade association, made up of more than 300 member companies. Henderson is a graduate of Florida State University, with a B.A. degree in Business Administration.
Robert H. Clarkson, Director. Mr. Clarkson established Robert H. Clarkson Insurance Agency, LLC and Robert H. Clarkson Financial Services Inc. in 1964. Since that time, the agency has continued to grow and is licensed to conduct business in all 50 states. Working with clients such as the Independent Pilots Association and McDonald's, the agency serves national and international corporations.
About Suncrest Global Energy Corp.
On December 20, 2007, Suncrest Global Energy Corp. entered into a share exchange with Beacon Enterprise Solutions Group, Inc. (website: www.askbeacon.com). Under the terms of the transaction, the shareholders of Beacon received 9,194,900 shares of Suncrest common stock, constituting a majority of Suncrest's 10,468,021 outstanding common shares as of the closing date, in exchange for 100% of the outstanding common shares of Beacon. After the share exchange, Beacon's officers assumed management control of the Company. Immediately prior to the closing of the transaction with Suncrest, Beacon completed the acquisition of the following IT/Telecom businesses: Advance Data Systems, Inc., d/b/a ADSnetcurve, Louisville, KY; CETCON Incorporated, Cincinnati, OH; Strategic Communications, LLC, Louisville, KY and; Bell-Haun Systems, Inc., Columbus, OH (the "Initial Acquisitions"). These businesses have operating histories ranging from 11 to 30 years. These Initial Acquisitions represent the creation of a fully integrated, single source IT/Telecom company. Their consolidation positions Beacon to efficiently provide technology and telecommunications services ranging from software development and infrastructure design to interconnect voice/data and systems integration. The Initial Acquisitions have provided these services as part of their historical businesses. CETCON Incorporated provided systems design and engineering, ADSnetcurve provided software development and support, and Bell-Haun Systems and Strategic Communications provided technology and equipment procurement, as well as installation, maintenance and support services. On a pro forma combined basis the initial acquisitions generated revenue for the twelve months ending December 31, 2006, of approximately $10.2 million and had approximately 4,000 unique customers ranging from medium-sized business enterprise (MBE) customers to Fortune 500 clients.
For more information please visit www.askbeacon.com or contact the Company at 502-379-4788 or investors@askbeacon.com
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