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Press Release Source: Beacon Enterprise Solutions Group, Inc.
Beacon Solutions Announces Additional Contract with National Grocery Chain
New Agreement Validates Beacon’s Recurring Revenue Business Model with Industry Leaders for Provision of High Performance IT Solutions
On Friday May 1, 2009, 4:01 pm EDT
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Beacon Enterprise Solutions Group, Inc.
LOUISVILLE, Ky., CINCINNATI & COLUMBUS, Ohio--(BUSINESS WIRE)--Beacon Enterprise Solutions Group, Inc. (OTCBB:BEAC - News), a global leader in the high performance provision of advanced IT solutions, announced today it has been awarded the IT design and service contracts for three highly sophisticated regional distribution centers of one of the nation’s largest grocery chains.
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Beacon’s service contracts for the distribution centers represents ongoing IT design and engineering work for the voice, data and video infrastructure that supports their vast logistical needs. Under the terms of the contract, the number of locations that can be added is open-ended, with the current 46 store locations announced last week, in addition to the 3 distribution centers awarded today representing only those orders placed to date, from the time the original master service agreement was announced on February 5, 2009.
“The addition of 3 large distribution centers to our service contract is yet another powerful validator of our business model,” said Bruce Widener, CEO, of Beacon Solutions. “This agreement is expected to generate significant new revenue, above and beyond the $1 million from store orders announced last week. Our strong relationship with their facilities engineering group is projected to result in further distribution center contracts based on their IT infrastructure needs.”
“As exemplified by these additional distribution center contracts, there is a significant need in the enterprise market for a fully integrated IT design and infrastructure management firm that can service the world’s largest companies. The global economic crisis has become a further contributing factor for our recent success, as many businesses have felt the urgent need to reduce costs and improve the efficiency of their aging voice and data infrastructure. Beacon has most certainly been in the right place at the right time,” added Widener.
In addition to updating network designs for technology infrastructure at 46 store locations, the grocery chain client has now asked Beacon to service its highly sophisticated regional distribution centers. The three distribution centers typically consist of a single large building or sprawling campuses with total square footage around half a million square feet. The grocery chain client currently operates approximately 20 distribution centers spread across the United States, providing Beacon the opportunity to service more facilities in the future.
As noted earlier, the grocery chain client is also in the process of standardizing all technology infrastructure products and practices for new store construction and existing store remodeling efforts. The client typically builds approximately 50-75 new stores and renovates approximately 150-175 existing stores annually. In order to standardize store specific requirements, the client asked Beacon to provide fixed pricing for each of their five operating regions modeled around three typical store sizes ranging from approximately 75,000 to 125,000 square feet.
For existing stores, Beacon will visit each location to perform a requirements assessment and will modify the prototypical design to meet the unique store requirements presented by the client.
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.
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 world-wide 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. 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 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 portal complete with fact sheets, presentations, interviews and video (when available), 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
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.
Contact:
Beacon Enterprise Solutions Group Inc.
Kevin Holmes
410-825-3930
investors@askbeacon.com
or
Trilogy Capital Partners
Financial Communications:
Darren Minton, Vice President
800-592-6067
info@trilogy-capital.com
May 04, 2009 09:00 ET
Ronn Motor Company Retains Potomac Strategic Development Group to Pursue Local, State and Federal Grants, Loans and Contracts
AUSTIN, TX--(Marketwire - May 4, 2009) - Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today that it has retained Potomac Strategic Development Group, located in Washington, D.C., as its representatives to the United States Federal Government for the monitoring and development of public sector opportunities at the state and federal level. As a result, Ronn Motors public affairs strategy will be focused on seeking government sponsored appropriations and contracts.
With new incentive programs like the Advanced Technology Vehicles Manufacturing Incentive Program (ATVMIP) of 2007, this program's purpose consists of both grants and direct loans to support the development of advanced technology vehicles and associated components in the United States. According to Energy Secretary Dr. Steven Chu, the Department of Energy has implemented fast-track changes with the administration of this Section 136 loan-guaranty program and President Obama's American Recovery and Reinvestment Act (stimulus). Specifically, these actions are designed to expedite the dispersal of loans and loan guarantees -- changes that the DOE says will position it to start offering loan guarantees from a much delayed loan guarantee program by late April or early May.
Lance Carcill, Potomac Strategic Development Group partner, stated, "With massive increases in federal spending and the broad momentum for green and alternative fuel initiatives at the federal and state level, opportunities for support are numerous and substantial. In many respects, the political environment in which Ronn Motors will be operating is far more favorable than that which was faced by most companies."
DOE's Office of Energy Efficiency and Renewable Energy (EERE) has the vital mission to strengthen the United States' energy security, environmental quality, and economic vitality in public-private partnerships. Specifically, DOE seeks to fund research that will lead to the development of cost-competitive, durable and safe hydrogen and fuel cell systems. The DOE Hydrogen Program includes activities conducted under four DOE offices, including EERE, Fossil Energy, Nuclear Energy, and Basic Science. The Hydrogen Program, together with other elements of the Advanced Energy Initiative, has the goal of getting the country to a 'diverse, secure, and emissions-free energy future.'
Ronn Maxwell, CEO of Ronn Motor Company, stated, "Securing a relationship with Potomac Strategic Development Group will aid significantly to Ronn Motors overall short term impact and long term presence in the alternative energy automotive markets by taking advantage of local, state and federal grants, loans and contracts. We believe the Potomac Strategic team is considered to be one of the most successful groups of government and industry professionals presently assembled. They have an average of seventeen years in the federal, local, and state advocacy field, as well as domestic and international business development."
To learn more about Potomac Strategic Development Group, please go to: http://www.potomacstrategic.org/.
Headquartered in Horseshoe Bay, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and technology. These systems include Hydrogen Fuel, Fuel cells, and Plug-in electrics. These features, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality, positions the Company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit www.ronnmotors.com.
This release contains forward-looking statements that reflect Ronn Motor plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Ronn Motors Investor Relations Contact:The Eversull Group, Inc.Jack Eversull972-378-7917972-378-7981 (fax)Email Contact