DALLAS, Feb. 18, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Beacon Enterprise Solutions Group Inc. (OTCBB:BEAC). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/BEAC
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Beacon Enterprise Solutions Group Inc. (BEAC) was formed by the merger of four independently successful companies in the IT and Telecom service sectors. These organizations came together to create a unique, fully integrated, single source IT/Telecom company. Today, BEAC is a leading provider of technology and telecommunications services, from software development and infrastructure design to interconnect voice/data and systems integration.
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In the report, the analyst notes:
"Gross profit for the fiscal 2010 first quarter increased 264% to $1.8 million compared with $485 thousand in the year-ago period, and increased 37% from $1.3 million in the fourth quarter of 2009. Selling, General and Administrative ("SG&A") expenses were reduced by 33% to $1.0 million in the first fiscal quarter, from $1.6 million in the fiscal fourth quarter.
"BEAC recently announced a multi-year global IP telecom engagement with one of the world's largest pharmaceutical companies valued at approximately $20 million over five years. This engagement will cover all of the Fortune 500 pharmaceutical company's facilities throughout the world, including North America, Latin America, Europe, Africa, the Middle East and Asia. The global enterprise client is migrating their entire system to Voice Over IP (VoIP), and Beacon has been engaged to perform a global LAN / WAN remediation and upgrade, in order to bring each facility up to the standards required to handle the increased demand on the overall network."
To read the entire report visit: http://www.investorsoup.com/lp/BEAC
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