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Brookside Finalizes Acquisition of U.S. Voice & 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 completed the acquisition of U.S. Voice & Data, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 ("USVD"). USVD, headquartered in Louisville, Kentucky

“Louisville” redirects here. For other uses, see Louisville (disambiguation).
, with offices in Lexington, Kentucky Lexington, Kentucky, United States, known as the "Horse Capital of the World," is located in the heart of the Bluegrass region. It is the second-largest city in Kentucky, after Louisville, Kentucky,[1] and the 68th largest in the United States.  and Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation).
Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S.
, is a leading regional provider of telecommunication services, including planning, design, installation and maintenance for converged voice and data systems. USVD had un-audited revenue of $15.3 million for the trailing twelve months In commerce, the trailing twelve months (TTM) is a moving measurement (for example, an average or a sum) over the 12 previous months, using the most recent data available.

Also sometimes known as last twelve months (LTM).
 ended August 31, 2007, and audited 2006 revenue of $12.1 million.

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, "We are excited to have completed the acquisition of U.S. Voice & Data, which marks an important milestone as we advance our strategy of becoming a leading national provider of turnkey converged voice and data services. USVD brings a very talented group of industry veterans, and significantly enhances our capabilities as well as our geographic penetration. With high recurring revenue and strong cash flow, this acquisition should be immediately accretive to earnings." Mr. Nole added, "This further illustrates our ability to identify complementary businesses at attractive valuations. With this first acquisition now complete, we look forward to a rapid and successful integration, followed by our continued efforts to identify other potential acquisition targets that will allow us to fully leverage our infrastructure and capabilities."

Mike Fischer Mike David Fischer CBE, co-founder of Research Machines.

Mike Fischer graduated with a physics degree from Oxford University.

In 1973, with Mike O'Regan (who had an economics degree from Cambridge), Fischer co-founded Research Machines, a British microcomputer and
, CEO of U.S. Voice & Data, stated, "We look forward to joining forces with Brookside Technology Holdings, as this acquisition provides us much greater resources and a national platform to rapidly expand into new markets."

The Company, through Midtown Partners & Co., LLC and LCG LCG LHC (Large Hadron Collider) Computing Grid
LCG Living Church of God
LCG Linear Congruential Generator
LCG Learning Computational Grammars
LCG Low Center of Gravity
LCG Liquid Cooling Garment
LCG Longitudinal Center of Gravity
 Capital, raised approximately $11.0 million, consisting of approximately $8.0 million of senior and subordinated debt Subordinated Debt

A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan".
 and $3.0 million of equity to assist with the acquisition and provide additional working capital to accelerate the sales and marketing strategy.

The common stock and warrants issued in the private placement have not been registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  absent registration or pursuant to an exemption from registration. Brookside has agreed to register the shares of common stock in the private placement and to be issued upon exercise of the warrants under the Act covering the resale of these shares.

About U.S. Voice & Data, LLC

U.S. Voice & Data was founded in 1999 by a group of industry veterans who recognized a glaring deficiency in the marketplace: Top Quality-Top Notch Customer Service. USVD has built a legendary reputation by offering a sophisticated spectrum of products and services backed by their unparalleled service guarantees and support staff. Today USVD provides the highest quality communication products to customers in Kentucky and Indiana. USVD is ranked as one of NEC's fastest growing business partners and is the 5th largest distributor for Inter-Tel products in the country. More information about USVD can be found at www.usvoice-data.com

About Brookside Technology Holdings Corp.

Brookside Technology Holdings Corp., through its subsidiary companies, is a leading provider and global managed service company specializing in selling, designing, analyzing and implementing converged Voice over IP (VoIP), data and wireless business communications systems. Brookside's customers include both commercial and state/government organizations of all types and sizes in the United States. The Company seeks to acquire complementary businesses 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 growth market of providing turnkey converged voice and data solutions. With a proven track record of acquiring profitable businesses at attractive valuations, Brookside plans to leverage the capabilities and combined customer bases of its portfolio companies. Additional information on the company can be found at www.brooksideus.com.

About Midtown Partners & Co., LLC

Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Midtown Partners was the 5th leading U.S. placement agent in number of closed PIPE transactions for 2006 (source Placementtracker.com). Additional information can be found at http://www.midtownpartners.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 effect of changing economic conditions, customer acceptance of products and other risks and uncertainties. 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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Publication:Business Wire
Date:Oct 9, 2007
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