LAS VEGAS, July 14, 2009 (GLOBE NEWSWIRE) -- Since SmallCapSentinel.com started covering Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC), the company has been prolific in terms of continuing to report to the market solid news regarding domestic achievements and accomplishments. Apparently that wasn't enough.
In news issued after market yesterday, Beacon appears ready to extend its revenue reach beyond American borders, entering into a LOI to acquire SymbioTec Solution AG ("SymbioTec"), a Switzerland based Layer 1 infrastructure design and engineering firm assisting in the deployment of state of the art IT infrastructure projects and fiber optic networks for companies throughout Europe, the Middle East and Africa ("EMEA"). The deal seems to provide Beacon and its shareholders with that company's revenue stream and client list as well as a springboard into the vast European IT infrastructure design and engineering markets. With an agreement with a Fortune 500 pharmaceutical firm announced last week, expansion into the European market seems more promising.
Assuredly, the near future will be important as Beacon looks to leverage this acquisition into a flurry of revenue producing successes. If penetration comes with anywhere near the efficiency that it has in the U.S. market, investors may be well-served to keep a watchful eye on the BEAC news feed. Shareholders in this economy will certainly welcome revenues of any origin whether they're dollars or Euros.
Trader's Note: Beacon Technology shares have appreciated from .75, the day before SmallCapSentinel.com first covered the company to yesterday's closing price of $1.55.
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Investors can view a Beacon Enterprise Solutions Group, Inc. company snapshot at: http://www.trilogy-capital.com/autoir/beac_autoir.html
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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