Attached files
| file | filename |
|---|---|
| 8-K - 8-K - FTE Networks, Inc. | v204358_8k.htm |
 |
Contact:
Bruce
Widener, CEO
502-657-3507
investors@askbeacon.com
Porter,
LeVay & Rose, Inc.
Marlon
Nurse, V.P. – Investor Relations
212-564-4700
Halliburton
Investor Relations
Geralyn
DeBusk, President, or Hala
Elsherbini,
COO
972-458-8000
|
Beacon
Enterprise Solutions to Host Conference Call on December 17, 2010 to
Discuss
Fiscal 2010 Year-End Results and the Outlook for 2011
— 2010
Revenue Growth to Exceed 33% —
— 2011
Outlook Remains Strong —
LOUISVILLE, KY, December 1,
2010 — Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com),
an emerging global leader in the design, implementation and management of high
performance Information Technology Systems (ITS) infrastructure solutions, will
host a conference call to discuss its fourth quarter and fiscal year-end
financial results on December 17, 2010, at 10:00 a.m. EST.
Growth
from continuing operations in FY2010 will be approximately 33% up from $10.1
million in FY2009 to between $13.5 and $14.0 million for FY2010.
The
continued delivery of services to fulfill our $70MM+ project backlog as well as
new business opportunities, lead us to believe that FY2011 will be a
breakthrough year. We are continuing to see strong business flow from Fortune
500 clientele and look forward to transitioning to profitability in 2011. The
additional credit facility recently announced, will allow us to accelerate our
business model and deliver the financial metrics that shareholders deserve. We
are excited and optimistic as we implement these newly signed contracts and
backlog.
During
the call management will discuss new relationships that have enabled additional
ITS services that build customer loyalty and further solidify Beacon’s focus on
its four core disciplines. Management will also discuss new business
opportunities and provide details on the outlook for 2011.
Participants
on the call will include Bruce Widener, Chairman and Chief Executive Officer;
Michael Grendi, Chief Financial Officer; and Jerry Bowman, Chief Operating
Officer.
The
teleconference can be accessed by calling 888-495-3916 and
entering conference ID # 29088278. Participants outside of the U.S. and Canada
can join by calling 706-634-7530 and entering the same conference ID. Please
dial in 15 minutes prior to the beginning of the call.
The
conference call will be simultaneously webcast and available on the company's
website, http://www.askbeacon.com,
under the "Investor Relations" tab. A digital recording of the conference call
will be available for replay two hours after the end of the call's completion
until 11:59 p.m. EST on Sunday, December 19, 2010 by calling 706-645-9291 and
entering conference ID # 29088278.
Aggregate
Future Value of Project Backlog
Aggregate
Future Value of Project Backlog reflects the projected revenue impact of
existing engagements over a one to four year period and is subject to change as
work is completed and/or the scope of various engagements changes over time.
This number includes the projected value of previously announced, multi-year ITS
managed services engagements as well as short-term projects for which the
Company has been engaged to provide ITS Engineering (IE), Service Delivery
Management (SDM), ITS Contract Services (ICS) and/or ITS Construction Management
(ICM).
About
Beacon Enterprise Solutions Group, Inc.
Beacon
Enterprise Solutions Group is 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. Through an integrated team approach,
Beacon offers a broad range of products and services including IT infrastructure
design, implementation and management, application development and
voice/data/security system integration, installation and maintenance. 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. Beacon is headquartered in Louisville, Kentucky, with a regional
headquarters in Dublin, Ireland, Prague, Czech Republic and personnel located
throughout the United States and Europe.
For
additional information, please visit Beacon’s corporate website: www.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.
######