8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 18, 2009

BEACON ENTERPRISE SOLUTIONS GROUP, INC.

(Exact name of registrant as specified in Charter)

Nevada
(State or other jurisdiction of
incorporation or organization) 000-31355
(Commission File No.) 81-0438093
(IRS Employee Identification
No.)

124 N. First Street
Louisville, Kentucky 40202
(Address of Principal Executive Offices)

502-379-4788
(Issuer Telephone number)

SUNCREST GLOBAL ENERGY CORP.
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.02 Unregistered Sales of Equity Securities.

     As described in the Current Report on Form 8-K filed on September 28, 2009, which is incorporated by reference herein, Beacon Enterprise Solutions Group, Inc. (“the Company”) has engaged a registered broker-dealer (the “Placement Agent”) in a private placement of up to 3,750,000 units (the “Common Units”), for an aggregate purchase price of $3,000,000, with each Common Unit comprised of (i) one share of Restricted Common Stock, and (ii) a five year warrant to purchase one-half share of Common Stock (each, an “Investor Warrant”) at a purchase price of $1.00 per share (collectively the “Common Offering”). In the event that the Common Offering is oversubscribed, the Company may sell and issue up to an additional 1,250,000 Common Units.

     As of November 24, 2009, the Company has sold and issued an aggregate of 2,158,750 Common Units for an aggregate purchase price of $1,727,000. The Company has used the proceeds of the Common Offering to provide working capital. The Placement Agents have earned cash commissions of $172,700 in connection with these placements and warrants to purchase 158,813 shares of Common Stock.

     The Company has recently announced a series of new contracts and engagements that are contributing significantly to the Company’s revenue and cash flow in the current quarter. As a result, the Company no longer anticiaptes a need to raise additional equity capital in the short term and will terminate its current private placement no later than December 15, 2009.

     The Investor Warrants each have a five year exercise period and an exercise price of $1.00 per share of Common Stock, payable in cash on the exercise date or cashless conversion if a registration statement or current prospectus covering the resale of the shares underlying the Investor Warrants is not effective or available at any time more than six months after the date of issuance of the Investor Warrants. The exercise price is subject to adjustment upon certain occurrences specified in the Investor Warrants.

     The Company is relying on an exemption from registration provided under Section 4(2) of the Securities Act for the issuance of the Investor Warrants and shares of its Common Stock, which exemption the Company believes is available because the securities were not offered pursuant to a general solicitation and the status of the purchasers of the shares as “accredited investors” as defined in Regulation D under the Securities Act. This report is neither an offer to purchase, nor a solicitation of an offer to sell, securities. The securities offered have not been registered under the Securities Act and may not be offered in the United States absent registration or an applicable exemption from registration requirements.

     THE INFORMATION CONTAINED IN THIS REPORT IS NEITHER AN OFFER TO PURCHASE, NOR A SOLICITATION OF AN OFFER TO SELL, SECURITIES. THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     On November 18, 2009, the Company appointed Gerald Bowman to the officer position of Senior Vice President of Global Services. Mr. Bowman brings over 20 years of experience in the IT industry serving in roles which included: Managing Director/Vice President of Enterprise Global Services for CommScope, a $4 billion manufacturer of connectivity solutions for communications networks; Chief Operating Officer for Superior Systems Technologies; Vice President of Engineering at Riser Management Systems, and Vice President and General Manager at VARtek.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 Press Release 11-24-2009

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

	BEACON ENTERPRISE SOLUTIONS GROUP, INC.
Date: November 24, 2009	By:	/s/ Robert Mohr
		Robert Mohr,
		Principal Financial Officer

EX-99.1

Exhibit 99.1

Contact:
investors@askbeacon.com

Porter, LeVay & Rose, Inc.
Marlon Nurse, V.P. — Investor Relations
212-564-4700

Trilogy Capital Partners
Darren Minton, Vice President
800-592-6067

Beacon Enterprise Solutions Files 8-K Regarding Closing of Private Placement

— New Contracts Contributing to Cash Flow in Current Quarter —

LOUISVILLE, KY, November 24, 2009 — Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Transport Systems (“ITS”) infrastructure solutions, today announced that the Company has filed a Form 8-K with the SEC regarding the termination of its pending private placement.

Beacon has recently announced a series of new contracts and engagements that are contributing significantly to the Company’s revenue and cash flow in the current quarter. As a result, the Company no longer anticipates a need to raise additional equity capital in the short term and will terminate its current private placement no later than December 15, 2009.

“We have been experiencing sequential quarterly revenue growth and, with the addition of recently announced ITS infrastructure projects, expect to achieve sustainable profitability in FY 2010,” said Bruce Widener, CEO of Beacon Enterprise Solutions. “As a result of these fundamental developments, management is confident that we will not require additional rounds of equity capital in the near future and that cash flow from operations will aid our continued growth.”

“Over the last two years we have worked diligently to transform Beacon into a global leader in ITS infrastructure solutions and today have over 120 employees supporting customers in over 20 countries around the world,” continued Mr. Widener. “Our high profile engagements and consistent growth are meaningful achievements for a company in our stage of development and we look forward to sharing additional news of our progress as we continue to execute our plan to rapidly expand our domestic and global operations.”

Beacon Enterprise Solutions’ recently announced engagements include a three year ITS infrastructure management agreement with a fortune 100 pharmaceutical company valued at approximately $27 million, the design and construction of a data center in Zurich valued at over $24 million and an engagement to provide outsourced IT management solutions to Hitachi Cable Indiana.

About Beacon Enterprise Solutions Group, Inc.

Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Transport Systems (“ITS”) infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure 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 a broad range of products and services including IT infrastructure design, implementation and management, application development and voice/data/security system integration, installation and maintenance. 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. Beacon is headquartered in Louisville, Ky., with regional headquarters in Dublin, Ireland and Zurich, Switzerland and personnel located throughout the United States and Europe.

For comprehensive investor relations material, including fact sheets, research reports, interviews and video, please follow the appropriate link:

Investor Relations Portal, Research Report and CEO Overview Video

For additional information, please visit Beacon’s corporate website:

www.askbeacon.com

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.

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