Falcon Technologies Signs Letter of Intent to Acquire Conesco, Inc.

RANCHO CORDOVA, Calif. -- Falcon Technologies Incorporated (PINK SHEETS: FLCN), a leader in design-build infrastructure services, has announced that it has signed a letter of intent to acquire 100% of Conesco, Inc. for $350,000 in cash, $450,000 in a short term note, and 1.4 million shares of restricted

William Delgado, President of Falcon Technologies, Inc., stated, "Conesco adds an important component to our Tel/Data infrastructure business. We are pleased that Dave Baker will be joining our management team as Vice-President in our Business Development group."

Mr. Baker added, "I look forward to working with the Falcon team in helping to build Falcon Technologies into an industry leader in the IT infrastructure market in the commercial and industrial sector."

Conesco, Inc. had unaudited revenues of approximately $3M and adjusted earnings before interest and taxes of approximately $470K for their fiscal year ending December 31, 2006. 12 month revenue is expected to be $8M with EBITDA of $1.5M. Conesco, Inc. provides specialty construction services in the Northern California and Nevada regions.

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 company's, and Federal, State, and Local government. For more information please visit http://www.falconti.net.

Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.