Beacon Enterprise (BEAC.OB) Inks $7.2M Project with Fortune 100 Global Pharmaceutical Company

QualityStocks would like to highlight Beacon Enterprise Solutions Group (OTCBB: BEAC), 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.

In the company’s news yesterday,

Beacon Enterprise Solutions Group Inc. announced a 2-year, $7.2 million project with a Fortune 100 global pharmaceutical company.

Per the agreement, Beacon Enterprise will provide its ITS services in a multi-phase project that will cater to more than 60 client locations in North America, Europe, Africa, Asia Pacific, Latin America and the Middle East.

“I am proud to announce the receipt of a new ITS engagement with a large global client,” Bruce Widener, CEO of Beacon Enterprise stated in a press release. “This contract represents approximately $7.2 million in project revenue over the next two years and will be managed by our Service Delivery Management (SDM) business unit. Beacon continues to win additional project and contract services from major clients, which is a great testimony to the talent of our professional services team and shows the increasing confidence Fortune 100 clients have in outsourcing ITS services.”

Beacon Enterprise’s services will include physical sites surveys to assess the ITS infrastructure including the cable plant, network and supporting electrical power and environmental requirements. The company will also design and engineer network diagrams, equipment specifications, and network topology for the various client facilities, as well as provide project management for installation of services.

“This contract is substantial because it represents a significant expansion of project scope and will contribute to the previously announced Aggregate Future Value of Project Backlog, but also Beacon has realized and completed a portion of the backlog. This engagement is another indicator of how clients are relying on Beacon for their global ITS needs. Their satisfaction in our services continues to result in incremental awards and projects in their locations around the world. This contract is also of particular strategic importance to us as it marks our entry into the Asia Pacific, an area, we believe, which has significant potential for our business,” Jerry Bowman, COO of Beacon Enterprise stated.

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