LAS VEGAS, July 20, 2009 (GLOBE NEWSWIRE) -- An after market news release by Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC) on Friday chronicles the dynamic IT company's success in landing a Department of Defense (DoD) contractor, further adding to its growing domestic and international roster of clients. But beyond the further affirmation of Beacon's rapid growth is perhaps the more compelling dollar value forecast from this seminal contract.
In the late Friday release, Beacon reported that it expects to realize approximately $1 million in additional Q4 revenue in the fiscal fourth quarter ending September 30, 2009, via its exclusive supplier arrangement with a DoD contractor. Moreover and most importantly, Beacon sees this agreement as an important entry into government contract work where it is uniquely qualified. The million dollar forecast is a small part of an overall $500 million allocation for this project from which Beacon's Department of Defense contractor, among others, is paid.
This is a critical new revenue path for Beacon which is penetrating its goal markets at an accelerated pace. A simple review of the BEAC news feed will affirm as such. But a breakthrough into government work may well be as important to Beacon and its shareholders as International penetration is and will be.
Today's announcement gives solid details on yet another Beacon revenue frontier while simultaneously contributing to the overall mosaic of a company accomplishing its goals post-haste.
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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 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.
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