Beacon Solutions to Acquire Switzerland Based SymbioTec Solution AG

Mon Jul 13, 2009 4:01pm EDT
 
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Acquisition Will Add Experienced Design Operations in Europe; Opens Additional
Opportunities for Expansion 
LOUISVILLE, Ky. & CINCINNATI & COLUMBUS, Ohio--(Business Wire)--
Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC), a global leader in the
high performance provision of advanced IT solutions, today announces the
execution of an LOI to acquire Switzerland based SymbioTec Solution AG. 

SymbioTec Solution AG ("SymbioTec"), headquartered in Siebnen, near Zurich,
Switzerland is a 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").
SymbioTec`s focus on service, innovation, and system integration has led to the
procurement of large multinational contracts throughout the region. 

SymbioTec has close ties with several of the regions largest multinational
corporations for the design of their Layer 1 network infrastructure throughout
EMEA. SymbioTec has also performed extensive work with the same Fortune 500
pharmaceutical client with which Beacon signed its $19.5 million North American
contract in late 2008. 

"Beacon`s acquisition of Switzerland based SymbioTec will mark our formal
entrance into Europe`s IT infrastructure design and engineering markets," said
Bruce Widener, CEO of Beacon Solutions. "SymbioTec`s experienced European
management team and IT design and engineering staff will be a significant asset
for Beacon. In addition, the company`s close ties with our Fortune 500 clients
will give us the unique advantage of having access to prior designs and staff
relationships. We believe our acquisition will lead to additional revenue
opportunities for design and infrastructure management projects in EMEA and
beyond, as Beacon continues to expand internationally." 

SymbioTec`s management team and key personnel each have over 10 years of
experience in Europe`s IT infrastructure industry. The firm has performed IT
design and engineering work on projects such as the national post office in
Switzerland (Swiss Post), the Swiss Federal Railways (SBB-CFF-FFS), Layer 1
infrastructure projects for several large multinational corporations, in
addition to various fiber-to-the-home ("FTTH") initiatives throughout the
region. 

"We look forward to becoming part of the Beacon Solutions team," said Kurt
Baumgartner, President of SymbioTec. "As Beacon continues its expansion in
Europe and the surrounding regions, we realized it presented the perfect
opportunity for our firms to achieve significant synergies through a strategic
acquisition. Both teams are fully onboard, and we look forward to closing this
transaction as soon as possible." 

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, 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. 





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

Copyright Business Wire 2009

 

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