Brookside Extends Deadline for Planned Acquisition of U.S. Voice and Data.TAMPA, Fla. -- Brookside Technology Holdings Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BKSD BKSD Bennett Kielson Storch DeSantis and Company, LLP (White Plains, NY) ) today announced that it has mutually agreed to extend the deadline for its planned acquisition of U.S. Voice and Data, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("USVD"). This extension is expected to provide Brookside the additional time needed to complete its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and finalize terms with its lenders. The company expects that the acquisition will be accretive to earnings and the purchase price for USVD will consist primarily of cash. Michael Nole, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brookside, commented, "In spite of the short delay, the planned acquisition of U.S. Voice and Data remains on track and we look forward to completing this transaction in the coming weeks. USVD has consistently demonstrated strong growth in both revenue and cash flow, and upon completion of this acquisition, we will significantly enhance our capabilities as well as our geographic penetration. Importantly, we believe this transaction brings us one step closer towards our goal of becoming a leading nationwide provider of turnkey voice and data services." About Brookside Technology Holdings Corp Brookside Technology Holdings Corp. is a holding company whose goal is to consolidate through mergers, acquisitions and asset purchases of like companies looking to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the highly specialized market of providing turnkey converged voice and data solutions for companies of all sizes and types. More information on the company can be found at www.brooksideus.com Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the risks that the Company will not be able to obtain the financing to acquire USVD or otherwise be able to successfully close the USVD acquisition. The financing referenced above is subject to the satisfactory completion of due diligence and credit approval by the lender, as well as the negotiation of definitive financing agreements Financing Agreements In the context of project financing, the documents which provide the project financing and sponsor support for the project as defined in the project contracts. , of which there can be no assurances. Further, the Company is still negotiating the definitive acquisition agreement with USVD, and there can be no assurances that a mutually acceptable agreement will be reached with USVD. As previously disclosed in its SEC filings, such forward-looking statements are not guarantees of performance, and the Company's results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release. |
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