Brookside Provides Business Update and Third Quarter 2008 Financial Results; Company Achieves Positive Cash Flow with Record Revenues for the Third Quarter of 2008 Increasing to $5.7 Million from $927,000 for the Same Period Last Year.

CLEARWATER, Fla. -- Brookside Technology Holdings Corp. (OTCBB: BKSD), a provider of converged VoIP, data, video and wireless business communications systems, today announced financial results for the three months ended September 30, 2008, and provided a business update on the company.

Michael Nole, Chairman and CEO of Brookside, commented, "We are pleased to report $5.7 million of revenue for the third quarter of 2008 as compared to $0.9 million in the same period last year. This 510% increase is attributable to sales initiatives put in place by management in 2008, as well as our acquisitions of US Voice & Data, LLC ("USVD") in September 2007 and Standard Tel Networks, LLC ("STN") in September 2008. Since our inception, we have consistently achieved sequential revenue growth with revenues in the third quarter of 2008 representing an increase of 26.7% over the second quarter of 2008. Our gross margin was 43.9% for the third quarter compared to 40.1% for same quarter last year, due primarily to an improved product mix and our focus on higher margin sales. The improvement in our results further illustrates our ability to successfully identify and integrate accretive businesses. As a result of these acquisitions and other initiatives, we are now in a stronger financial position than at any other time in the Company's history, as evidenced by the fact that we achieved positive cash flow from operations during the nine months ended September 30, 2008."

"We are excited about our recent acquisition of Standard Tel Networks, LLC ("STN"), given the company's solid reputation as a premier provider of IP telephony solutions. STN's broad suite of voice and data services, coupled with their profitable business model, will significantly advance our overall growth strategy by enhancing our capabilities and generating strong cash flow to support future acquisition opportunities. Headquartered in Huntington Beach, California with additional offices in San Diego, Sacramento, and the San Francisco Bay Area, STN will also provide the strong regional presence necessary to broaden our geographic footprint on the west coast. Furthermore, the company brings a capable team of industry veterans whose support will be integral to our success as we begin to expand into new markets."

Mr. Nole concluded, "Our latest recapitalization and financing by Vicis Capital Master Fund ("Vicis") and Chatham Capital provide a strong foundation to accelerate our acquisition strategy while illustrating the value of our business model. As we move towards our ultimate goal of becoming a leading national provider of turnkey converged voice and data services, we will continue to pursue accretive acquisitions at attractive valuations which allow us to expand our product line and cross-sell these services across our respective companies. Overall, we are encouraged by our near- and long-term opportunities. Despite the current economic uncertainty, we offer our customers a compelling value proposition in that we can save small to medium sized businesses significant money through the deployment of our integrated suite of VoIP, data, video, and wireless network solutions."

Revenue for the three months ended September 30, 2008 was $5.7 million versus $927,036 for the comparable period in 2007. Net loss in the third quarter of 2008 was $0.8 million, versus net loss of $1.4 million in the third quarter of 2007. After consideration of the accretion of a preferred stock dividend related to the issuance and conversion of debt to Series A Preferred Stock by Vicis of $1,983,607, net loss attributable to common stockholders in the third quarter of 2008 was $2.8 million, or $(0.03) per share, versus net loss to common stockholders of $1.5 million, or $(0.02) per share, in the third quarter of 2007. Net loss for the third quarter of 2008 included amortization expense of $1.0 million, compared to $933,615 for the same period last year, related to the accounting treatment of the warrants issued and amortization of intangible assets associated with the USVD acquisition.

Additional information about the Company's financial results is available on its Form 10-Q filed with the Securities & Exchange Commission: http://www.sec.gov.

About Brookside Technology Holdings Corp

Brookside Technology Holdings Corp., through its subsidiary companies, is a leading provider and global managed services company specializing in analyzing, designing, selling, and implementing converged Voice over IP (VoIP), data, video, and wireless (Wi-Fi) business communications systems. Brookside offers a unique portfolio of products and services that solve today's telecommunications challenges by combining technology, business, and financial solutions. Brookside's customers include both commercial and state/government organizations of all types and sizes throughout the United States. The Company seeks to acquire complementary businesses looking to capitalize on 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 its expanding capabilities and combined customer bases of its portfolio companies. Additional information on the company can be found at www.brooksideus.com.

Forward-Looking Statement: Except for historical factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the Company's ability to acquire additional businesses, the Company's ability to obtain additional financing, the effect of changing economic conditions, customer acceptance of products and other risks and uncertainties, including those contained in the Company's 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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