LOUISVILLE, Ky., CINCINNATI and COLUMBUS, Ohio, Jan. 23, 2009 (GLOBE NEWSWIRE) -- Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC), a single source provider of voice and data system design, installation and infrastructure management services, today announced that the Company has retained Chesapeake Group, Inc. to develop and manage an ongoing investor relations program.
"Recently announced corporate developments including the launch of our I3MAC infrastructure management platform and a $19.5 million contract to provide IT infrastructure support services for one of the world's largest pharmaceutical companies represent significant milestones for our Company," commented Bruce Widener, CEO of Beacon Solutions. "Our services provide measurable savings for enterprise customers, which are driving contract decisions in the current economic environment. We anticipate significant growth in 2009 and beyond and believe today is an appropriate time to begin increasing awareness of our story."
"Beacon is developing a unique role in the IT services sector and is well positioned to succeed in the current environment," said Kevin Holmes, President of Chesapeake Group, Inc. "Beacon's management team has expertise that includes executives with significant experience in building successful public companies. We look forward to helping Beacon communicate its story and build shareholder value."
About Beacon Enterprise Solutions Group Inc.:
Beacon Enterprise Solutions is a single source provider for voice and data system design, installation and service. Through an integrated team approach, Beacon offers customers everything to make their communications run, from telecom infrastructure design, to software development, to voice/data/security system integration, system installation and maintenance, in addition to long distance, VoIP and Internet access service. 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. While Beacon services customers globally, it is headquartered in Louisville, Ky., and has offices in Cincinnati and Columbus, Ohio; and Mangalore, India. Beacon is publicly traded (OTCBB:BEAC). For more information, please visit www.askbeacon.com or contact the company at 502-657-3500, the company's investor relations firm, Chesapeake Group at 410-825-3930 or investors@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.