ST. LOUIS, Feb. 17, 2011 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) has updated coverage on Beacon Enterprise Solutions Group (OTCBB:BEAC). The update report contains a detailed discussion of the re-focused BEAC business model, market opportunity, financial results and projections, macroeconomic data and indicators, and risks. The report is available at .
Analyst Patrick J. Murphy, CFA notes in the report: "BEAC continues its evolution from a project focused vendor to a relationship focused service partner providing agile and efficient management of information technology systems (ITS) infrastructure…On the 2/15/11 earnings call, BEAC President and COO Jerry Bowman indicated that January 2011 revenue was the highest monthly revenue at the start of a quarter that the Company has generated since inception. Additionally, Bowman indicated that because of the pace of discussions related to various sizeable business opportunities, the Company has high expectations for Q3 and Q4 results. With a service and relationship focused ITS strategy, Beacon has delivered 38% year over year revenue growth, and the Company has indicated that it expects 2011 to be a break-through year. Based on economic and ITS sector trends as well as confidence in the management team, Murphy Analytics ("MA") agrees there is reason to be optimistic about Beacon's 2011."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental analysis, Murphy Analytics helps investors make informed investment decisions about small-cap and micro-cap public stocks.
Disclosure: Neither Murphy Analytics (MA) nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the success of the Company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. MA was compensated a total of $20,150 by the Company for the publication of an Initiation Report dated 5/15/09, an Update 8/14/09, an Update dated 8/31/10 and this report. As agreed to by the Company in advance of the commencement of the research, MA, in its sole discretion, reserves the right to make any statement of opinion regarding the risks related to an investment in the Company. MA, in its sole discretion, reserves the right to determine an appropriate Company price target or rating, to withhold a price target or rating, or to change a price target or rating. The Company was given the opportunity, prior to the publication of this report, to review the draft report for factual accuracy. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.
CONTACT: Patrick J. Murphy, CFA pmurphy@murphyanalytics.com Phone 636-273-9440