SOURCE: Market Pulse

October 09, 2007 08:30 ET

Market Pulse Breaking News Alert for Tuesday, October 9, 2007: FLCN - Falcon Technologies Completes Acquisition of Conesco, Inc. Which Had Approximately $2.7 Million in Revenues and Current Backlog Stands at Approximately $4.5 Million!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - October 9, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: Falcon Technologies Incorporated (PINKSHEETS: FLCN), Sun Microsystems Inc. (NASDAQ: JAVA), Apple Inc. (NASDAQ: AAPL) and Vonage Holdings Corporation (NYSE: VG).

Investors need to be watching Falcon Technologies Incorporated (PINKSHEETS: FLCN) this AM! Falcon Technologies is a leading provider of design-build services in the following infrastructure segments: Telecom/Data/Wireless Communications, Electrical, and Fire/Life Safety. The company provides these lines of business to the Commercial/Industrial Sector, Fortune 1000 companies, and Federal, State, and Local governments. Falcon Technologies recently completed its acquisitions of an Electrical infrastructure provider, Tenetix, Inc. doing business as Davis Electric, and Conesco, Inc., a Telecom/Data infrastructure provider. An additional pending acquisition, Company "A," a Fire/Life Safety Systems infrastructure provider, is under letter of intent and the company plans to close upon completion of the financing. Davis Electric's preliminary, un-audited 2006 results indicate revenue of $6.9 million. Conesco provides complete state-of-the-art design, consultation, and installation of commercial and industrial flooring systems. Conesco's audited 2006 results indicate revenue of approximately $2.7 million. Company "A" provides design-build and installation of complex Fire/Life Safety Systems. Their customers include National General Contractors, Federal/State governments, Universities/Schools, large Commercial/Industrial clients. Preliminary un-audited 2006 results indicate revenue of $12.8M. Davis Electric, Conesco, and Company "A" have established strong customer relationships with various companies including General Dynamics, Verizon, SBC Communications, Comcast, and EDS, just to name a few. Falcon Technologies is continuing to set new standards for customer service and satisfaction. Expanding their portfolio of business with companies that leverage their core competencies is key to their success. FLCN will continue to be innovative and efficient using economies of scale and collaboration to enhance their growth. With continued growth and expansion, the synergy of Falcon Technologies will provide even greater opportunities for its customers. And in an era of consolidation, the company expects expansion and revenue growth to take them well beyond where they are today. FLCN is poised to become a significant player in the IT infrastructure industry! FLCN just had excellent news out in a press release before today's opening bell announcing that it has completed the acquisition of Conesco, Inc.! Investors should be watching this one closely!

Falcon Technologies Incorporated (PINKSHEETS: FLCN), a leader in design-build infrastructure services, has announced that it has completed the acquisition of Conesco, Inc. Acquisition details are as follows: Falcon is to pay Conesco $100K in cash, short term notes of $725,000, 1.55M shares of stock and assumption of approximately $175K of debt at closing with an additional earn out to be paid upon the achievement of certain earnings targets over the next 2 years from the closing date.

Bill Delgado, President of Falcon Technologies, Inc., stated, "Conesco has already begun the process of integrating our Electrical and Fire/Life Safety into their market niche of some of the largest General Contractors in the Western Region. We are pleased that Dave Baker will be joining our management team as Vice-President/Business Development."

Mr. Baker added, "I look forward to working with the Falcon team to become the premier infrastructure services provider in the Western U.S. and in helping Mr. Delgado to build Falcon Technologies into an industry leader in the IT infrastructure market."

Conesco had audited revenues of approximately $2.7M and adjusted earnings before interest and taxes of approximately $490K for their fiscal year ending December 31, 2006. Conesco's current backlog stands at approximately $4.5M. Conesco provides specialty contracting services throughout the Northern and Central California Region.

About Falcon Technologies Incorporated:

Falcon Technologies provides design-build services in the following infrastructure segments: Tel/Data Communications, Electrical, and Fire/Life Safety. The company provides these services to the Commercial/Industrial Sector, Fortune 1000 companies, and Federal, State, and Local government. For more information please visit http://www.falconti.net.

Stocks in the news and acting well as of late include: Sun Microsystems Inc. (NASDAQ: JAVA), Apple Inc. (NASDAQ: AAPL) and Vonage Holdings Corporation (NYSE: VG).

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