LOUISVILLE, Ky., CINCINNATI and COLUMBUS, Ohio, Feb. 6, 2009 (GLOBE NEWSWIRE) -- Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC) today announced that the Company has received preliminary approval from the Kentucky Economic Development and Finance Authority for $900,000 in KJDA (Kentucky Jobs Development Act) incentives.
Due to a significantly expanded contract with one of the world's largest pharmaceutical and consumer health products companies and new business opportunities developing in European markets, Beacon is looking to relocate to a larger headquarters facility. The new business opportunities are expected to create 36 new jobs. KJDA incentives are provided to support the creation of new jobs within the Commonwealth of Kentucky.
"As enterprise customers seek greater efficiency and cost containment, our global workflow is increasing," said Bruce Widener, CEO of Beacon Solutions. "Beacon is a company that is growing rapidly in an otherwise poor economy and we look forward to continuing to build our business from an expanded headquarters facility in the Ohio Valley Region."
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.