BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Financials

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Brookside Technology Holdings Reports 2nd Quarter Financial Results

TAMPA, FL--(Marketwire - 08/17/09) - Brookside Technology Holdings Corp. (OTC.BB:BKSD - News), a provider of converged VoIP, data, video and wireless business communications systems, today announced financial results for the quarter and six months ended June 30, 2009. Michael Nole, Chairman and CEO of Brookside, commented, "We are pleased to report total revenues from operations were $4,544,051 compared to $4,533,447 reported for the same period in 2008, representing an increase of $10,604. While it's certainly been a challenging first half to 2009, we are seeing indicators that have us encouraged as we move forward. During the second quarter, we recognized positive results attributed to our company focus and initiatives to manage costs in line with estimated revenues. Evidence of this is displayed in our financial results. While second quarter revenue was ahead of revenue for the same period in 2008, it was slightly less compared to first quarter revenue. However, net loss of $1,032,224 in the second quarter 2009 decreased $295,754 from $1,327,978 in the first quarter 2009. These net losses include a significant amount of non-cash expenses such as amortization of warrants, loan discounts, deferred finances charges and intangibles of $619,003 for the second quarter 2009 and $606,928 for the first quarter 2009."Earnings before interest, taxes, depreciation and amortization ("EBITDA"), a non-GAAP measure whereby interest expense, income taxes, depreciation and amortization are added back to the net loss to approximate cas...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operations The information presented in this section should be read in conjunction with our audited consolidated financial statements and related notes for the periods ended December 31, 2008 and 2007 included in our Form 10-K, as filed with the Securities and Exchange Commission, as well as the information contained in the consolidated financial statements, including the notes thereto, appearing in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled "Risk Factors" of our Form 10-K for the year ended December 31, 2008, and elsewhere in this report. General Organizational History and Operations We are the holding company for Brookside Technology Partners, Inc, a Texas corporation ("Brookside Technology Partners"), US Voice & Data, LLC, an Indiana Limited Liability Company ("USVD"), Standard Tel Acquisitions, Inc., a California Corporation ("Acquisition Sub"), Trans-West Network Solutions, Inc., ("Trans-West"), a California Corporation and Standard Tel Networks, LLC, a California Limited Liability Company ("STN") and all operations are conducted through these (five) wholly owned subsidiaries. Collectively, the subsidiary companies are providers of converged business communications products and services from Mitel, Inter-tel (owned by Mitel), Nortel and NEC. The Company, is the 2nd largest MITEL dealer in the United States, and is recognized by Mitel as a Diamond Dealer. The Company combines technical expertise in a range of communications products, including IP-enabled platforms, wired and wireless IP and digital endpoints and leading edge communications applications to create converg...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 8-K, Other Events

Show all filings for BROOKSIDE TECHNOLOGY HOLDINGS, CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for BROOKSIDE TECHNOLOGY HOLDINGS, CORP. 18-Jun-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purpo...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement

Show all filings for BROOKSIDE TECHNOLOGY HOLDINGS, CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for BROOKSIDE TECHNOLOGY HOLDINGS, CORP. 3-Jun-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operations The information presented in this section should be read in conjunction with our audited consolidated financial statements and related notes for the periods ended December 31, 2008 and 2007 included in our Form 10-K, as filed with the Securities and Exchange Commission, as well as the information contained in the consolidated financial statements, including the notes thereto, appearing in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled "Risk Factors" of our Form 10-K for the year ended December 31, 2008, and elsewhere in this report. General Organizational History and Operations We are the holding company for Brookside Technology Partners, Inc, a Texas corporation ("Brookside Technology Partners"), US Voice & Data, LLC, an Indiana Limited Liability Company ("USVD"), Standard Tel Acquisitions, Inc., a California Corporation ("Acquisition Sub"), Trans-West Network Solutions, Inc., ("Trans-West"), a California Corporation and Standard Tel Networks, LLC, a California Limited Liability Company ("STN") and all operations are conducted through these (five) wholly owned subsidiaries. Collectively, the subsidiary companies are providers of converged business communications products and services from Mitel, Inter-tel (owned by Mitel), Nortel and NEC. The Company, is the 2nd largest MITEL dealer in the United States, and is recognized by Mitel as a Diamond Dealer. The Company combines technical expertise in a range of communications products, including IP-enabled platforms, wired and wireless IP and digital endpoints and leading edge communications applications to create converg...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 10-K, Annual Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Forward Looking Statements Some of the statements contained in this Form 10-K contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as "may," "will," "expect," "anticipate," "believe," "estimate" and "continue," or similar words. You should read statements that contain these words carefully because they: • discuss our future expectations; • contain projections of our future results of operations or of our financial condition; and • state other "forward-looking" information. We believe it is important to communicate our expectations. However, there may be events in the future that we are not able to accurately predict or over which we have no control. Our actual results and the timing of certain events could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth under "Risk Factors," "Business" and elsewhere in this prospectus. Plan of Operation Introduction Our company, Brookside Technology Holdings Corp. (formerly "Cruisestock, Inc."), was incorporated in September, 2005 under the laws of the State of Texas. On February 21, 2007, through a series of transactions (the "Share Exchange"), we acquired Brookside Technology Partners, Inc. ("Brookside Technology Partners"), which was incorporated in December 2001 under the laws of the State of Texas. Prior to the Share Exchange, we were a development stage company and had not realized any revenues from our operations. As a result of the Share Exchange, (i) Brookside Technology Partners became our wholly-owned subsidiary, (ii) the former stockholders of Brookside Technology Partners obtained, collectively, the majority ownership of...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 10-Q/A, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operations The information presented in this section should be read in conjunction with our audited financial statements and related notes for the periods ended December 31, 2007 and 2006 included in our Form 10-KSB, as filed with the Securities and Exchange Commission, as well as the information contained in the financial statements, including the notes thereto, appearing in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled "Risk Factors" of our Form 10-KSB for the year ended December 31, 2007, and elsewhere in this report. General Organizational History Our company, Brookside Technology Holdings Corp. (formerly "Cruisestock, Inc."), was incorporated in September, 2005 under the laws of the State of Texas. On February 21, 2007, through a series of transactions (the "Share Exchange"), we acquired Brookside Technology Partners, Inc. ("Brookside Technology Partners"), which was incorporated in December 2001 under the laws of the State of Texas. Prior to the Share Exchange, we were a development stage company and had not realized any revenues from our operations. As a result of the Share Exchange, (i) Brookside Technology Partners became our wholly-owned subsidiary, (ii) the former stockholders of Brookside Technology Partners obtained, collectively, the majority ownership of the outstanding common stock of our company and (iii) we succeeded to the business of Brookside Technology Partners as our sole business. From an accounting perspective, Brookside Technology Partners was the acquirer in the Exchange Transactions. Subsequent to the Share Exchange, on July 6, 2007 (the "Effective Time"...
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BROOKSIDE TECHNOLOGY HOLDINGS, CORP. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis or Plan of Operations The information presented in this section should be read in conjunction with our audited financial statements and related notes for the periods ended December 31, 2007 and 2006 included in our Form 10-KSB, as filed with the Securities and Exchange Commission, as well as the information contained in the financial statements, including the notes thereto, appearing in this report. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled "Risk Factors" of our Form 10-KSB for the year ended December 31, 2007, and elsewhere in this report. General Organizational History Our company, Brookside Technology Holdings Corp. (formerly "Cruisestock, Inc."), was incorporated in September, 2005 under the laws of the State of Texas. On February 21, 2007, through a series of transactions (the "Share Exchange"), we acquired Brookside Technology Partners, Inc. ("Brookside Technology Partners"), which was incorporated in December 2001 under the laws of the State of Texas. Prior to the Share Exchange, we were a development stage company and had not realized any revenues from our operations. As a result of the Share Exchange, (i) Brookside Technology Partners became our wholly-owned subsidiary, (ii) the former stockholders of Brookside Technology Partners obtained, collectively, the majority ownership of the outstanding common stock of our company and (iii) we succeeded to the business of Brookside Technology Partners as our sole business. From an accounting perspective, Brookside Technology Partners was the acquirer in the Exchange Transactions. Subsequent to the Share Exchange, on July 6, 2007 (the "Effective Time"...
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