ST. LOUIS, Aug. 31, 2010 (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 http://www.murphyanalytics.com/uploads/BEAC_8-31-10.
Analyst Patrick J. Murphy, CFA notes in the report: "As evidenced by the Company's current client portfolio and the continuous steam of new business development wins among existing and new clients, BEAC has developed an effective strategy targeting a global market opportunity estimated at $70 billion... Having made key management additions of executives with proven track records, and with a renewed commitment to focus on the Company's core, higher margin business, BEAC now appears to be better positioned than ever to deliver not only revenue growth but profitability as well."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
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 $17,150 by the Company for the publication of an Initiation Report dated 5/15/09, an Update report 8/14/09 and for this Update. 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.