LOUISVILLE, Ky., March 19, 2009 (GLOBE NEWSWIRE) -- Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC), a high performance provider of advanced IT solutions with a commitment to optimizing client companies' operations and profitability, announced today the Company has executed a Master Services Agreement with a Fortune 500 global pharmaceutical company.
"This agreement represents further validation of the Company's high-growth business model with the execution of another significant agreement within the pharmaceutical and healthcare industries," commented Bruce Widener, CEO of Beacon Solutions. "In addition, it also represents strong vertical market opportunities for Beacon as our comprehensive IT strategies and solutions are well suited for technology-driven enterprise customers with multiple facilities. Our advanced and fully integrated suite of services represents significant opportunities for customers to reduce expenses and improve efficiency, which serves as a powerful business driver for Beacon in the current global economic environment."
Beacon provides ongoing network design and engineering services to this global pharmaceutical customer and was recently engaged to provide site assessments for six of the customer's facilities in Europe.
Headquartered in New Jersey, this customer is a global research driven pharmaceutical company. The customer discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs.
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.
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.