Beacon Solutions Announces Initiation of Research Coverage by Murphy Analytics.Detailed Report Projects 12-Month Price of $3.60 LOUISVILLE, Ky. & CINCINNATI & COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. -- Beacon Enterprise Solutions Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BEAC BEAC Banque des États de l'Afrique Centrale BEAC Barents Euro-Arctic Council BEAC Board of Environmental, Health & Safety Auditor Certifications (established in 1997) BEAC Broadcast Educators Association of Canada ), a global leader in the high performance provision of advanced IT solutions, today announced the release of an in-depth initiation report by Patrick Murphy
Mr. Murphy expects Beacon will deliver net income in line with management's previously announced projections and initiates coverage with a 12-month price target of $3.60 per share. "Beacon is satisfying a growing need in the enterprise market for a fully integrated IT design and infrastructure management firm with the capabilities to service the world's largest companies," said Bruce Widener, Chief Executive Officer. "This comprehensive report quantifies Beacon's progress to date, the outstanding potential for our industry-leading IT infrastructure management solutions and the robustness of our sales pipeline as we continue our rapid expansion in 2009." From the Report, Mr. Murphy states: "BEAC's business model creates a clearly defined early mover mover /mov·er/ (moo´ver) that which produces motion. prime mover a muscle that acts directly to bring about a desired movement. advantage due to a unique position as a leader in the provision of fully integrated turnkey infrastructure management 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." The report details the significant growth projected for the IT management solutions vertical, as companies look to streamline IT departments and rely on industry experts like Beacon to improve efficiencies and cut costs during the recession. Mr. Murphy notes: "BEAC expects organic growth to be driven by a number of factors including cross-selling and increasing revenue per client. From a macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. perspective, BEAC cites corporate down-sizing and cost-cutting measures as an opportunity as many companies downsize Downsize Reducing the size of a company by eliminating workers and/or divisions within the company. Notes: When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability. It is sometimes referred to as trimming the fat. or eliminate in-house IT departments or attempt to consolidate a disparate patchwork of vendors." Beacon Enterprise Solutions has jump-started aggressive initiatives and signed a string of new service agreements with some of the largest companies in the world. Beacon maintains a strong financial position and the Company aims to significantly grow its revenues in 2009 by expanding current client relationships and gaining new contracts over the coming weeks and months. The complete report is available in Acrobat Document exchange software from Adobe that allows documents to be displayed and printed the same on every computer. The Acrobat system created the Portable Document Format (PDF), which is widely used in commercial printing and on the Web. See PDF. format, free of charge: http://www.murphyanalytics.com/uploads/BEAC_Initiation About Beacon Enterprise Solutions Group, Inc.: Beacon Enterprise Solutions Group is an emerging growth, high-performance provider of advanced IT solutions with a commitment to the proactive optimization of client companies' operations. Beacon is capitalizing on opportunities created by the worldwide economic contraction An economic contraction is a reduction in goods and services for sale in the market place. Typically it relates to a downturn in production caused by external factors such as weather or a decline in exports, or by such internal factors as taxes, regulatory constraints or other through the provision of rapid deployment, broad spectrum, fully integrated IT programs with state-of-the-art, next-generation design, engineering, installation and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . Beacon's business model creates a clearly defined early mover advantage due to our unique position as a leader in the provision of fully integrated turnkey 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. 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 See how to access the Internet. 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., with offices in Cincinnati and Columbus, Ohio; and dedicated personnel in Mangalore, India. For a comprehensive investor relations Investor relations The process by which the corporation communicates with its investors. portal complete with fact sheets, presentations, interviews and video, please navigate to: www.trilogy-capital.com/autoir/beac_autoir.html For additional information, please visit Beacon's corporate website: www.askbeacon.com Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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