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<SEC-DOCUMENT>0000950123-09-052656.txt : 20100412
<SEC-HEADER>0000950123-09-052656.hdr.sgml : 20100412
<ACCEPTANCE-DATETIME>20091023131309
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-09-052656
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20091023

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROOKSIDE TECHNOLOGY HOLDINGS, CORP.
		CENTRAL INDEX KEY:			0001367001
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATION SERVICES, NEC [4899]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5313-B FM 1960 WEST #224
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77069
		BUSINESS PHONE:		281-350-1173

	MAIL ADDRESS:	
		STREET 1:		5313-B FM 1960 WEST #224
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77069

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CRUISESTOCK INC.
		DATE OF NAME CHANGE:	20060621
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>SEC CORRESPONDENCE</TITLE>
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    <TD width="35%">&nbsp;</TD>
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<TD ROWSPAN="5" VALIGN="TOP"><DIV style="margin-left:15px; text-indent:-15px"><IMG src="g20903g2090301.gif" alt="(SHUMAKER LOGO)"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank of America Plaza</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">813.229.7600</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" NOWRAP valign="top">101 East Kennedy Boulevard</TD>
    <TD>&nbsp;</TD>
    <TD align="left" NOWRAP valign="top">813.229.1660 fax</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Suite 2800</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tampa, Florida 33602</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>

<TD COLSPAN="3" align="CENTER" valign="top" STYLE="BORDER-TOP: 1PX SOLID #000000">www.slk-law.com</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS">Julio C. Esquivel</FONT><BR>
<FONT style="font-variant: SMALL-CAPS">813.227.2325</FONT><BR>
<u>jesquivel@slk-law.com</u>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">October&nbsp;23, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>VIA EDGAR </B></U><BR>
Mr.&nbsp;Larry Spirgel<BR>
Assistant Director<BR>
Division of Corporation Finance<BR>
Mail Stop 3720<BR>
Securities and Exchange Commission<BR>
100 F Street, NE<BR>
Washington, D.C. 20549

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>Re: &nbsp;</B></TD>
    <TD width="1%"><B>&nbsp;</B></TD>
    <TD><B>Brookside Technology Holdings Corp.</B><br><B>
Form&nbsp;10-K for the Year Ended December&nbsp;31, 2008 Filed March&nbsp;31, 2009 (the </B><B>&#147;2008 Form
10-K)</B><br><B>
Form&nbsp;10-Q for the Quarterly Period Ended June&nbsp;30, 2009 (the &#147;June Form</B><B> 10-Q)</B><br><B>
File No.&nbsp;0-52702</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Mr.&nbsp;Spirgel:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On behalf of Brookside Technology Holdings Corp. (the &#147;Company&#148;), we herein respond to the
comments of the Staff of the Division of Corporation Finance, dated September&nbsp;28, 2009, with
respect to the above-referenced filings. For your convenience, the Staff&#146;s comments are set forth
in bold below and our responses follow the comments. In response to some of the comments, the
Company indicates that it intends to file an amendment to the 2008 Form 10-K to clarify or modify
prior disclosures. The Company proposes to file this amendment promptly upon review of the
proposals contained herein with the Staff. All capitalized terms not defined herein shall have the
meaning ascribed to such terms by the 2008 Form 10-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Form&nbsp;10-K for the Year Ended December&nbsp;31, 2008</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>General</B></U>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note that you intend to file an amendment to the 2008 </B><B>Form 10-K</B><B> to clarify or modify
certain prior disclosure. Please note that such amendment should reflect expanded
disclosure in response to our previously-issued comments which you agreed to comply with in
future filings, including, for example, comments one, two and 21.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">

TAMPA | TOLEDO | CHARLOTTE | COLUMBUS
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities and Exchange Commission<BR>
October&nbsp;23, 2009<BR>
Page 2 of 5

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In response to the Staff&#146;s comment, in the amended 2008 Form 10-K which the Company intends to
file it will reflect the expanded disclosure that the Company agreed to include in future
filings, including, for example, in response to comments one, two and 21.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>As set forth in our letter dated August&nbsp;19, 2009, please provide, in writing, a
statement from the company acknowledging that:</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>the company is responsible for the adequacy and accuracy of the disclosure
in the filings;</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>staff comments or changes to disclosure in response to staff comments in the
filings reviewed by the staff do not foreclose the Commission from taking any
action with respect to the filing; and</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>the company may not assert staff comments as a defense in any proceeding
initiated by the Commission or any person under the federal securities laws of
the United States.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In response the Staff&#146;s comment, on behalf of the Company, we hereby acknowledge that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company is responsible for the adequacy and accuracy of the disclosure
in all of its filings;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>staff comments or changes to disclosure in response to Staff comments in the
filings reviewed by the staff do not foreclose the Commission from taking any
action with respect to the filing; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company may not assert Staff comments as a defense in any proceeding
initiated by the Commission or any person under the federal securities laws of
the United States.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Summary Compensation Table, page 24</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 11 from our letter dated August&nbsp;9, 2009. Please
explain either revise the disclosure in the table or include a footnote to the table
explaining that the amounts reflected in the table are in thousands.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In response to the Staff&#146;s comment, we will amend the 2008 Form 10-K to include a footnote that
that explains the amounts reflected in the table are in the thousands.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Statement of Cash Flows, page F-6</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Cash Equivalents, page F-9</B></U>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 12 from our letter dated August&nbsp;19, 2009. As
previously requested, tell us why it is appropriate to classify restricted cash that
becomes available within one year from the date of the financial statements as cash and
cash equivalents.</B>
</TD>
</TR>
</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities and Exchange Commission<BR>
October&nbsp;23, 2009<BR>
Page 3 of 5

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Company will amend the 2008 Form 10-K not only to revise the definition of what it considers
to be cash equivalents in a manner consistent with paragraph 8 of SFAS 95, but it will also
restate the Statement of Cash Flows contained therein to reflect as &#147;cash and cash equivalents&#148;
only cash that becomes available within three months of the date of the financial statements in
a manner consistent with paragraph 8 of SFAS 95.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Convertible Securities with Beneficial Conversion Features. Page F-11</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 13 from our letter dated August&nbsp;19, 2009. We further
note that your Series&nbsp;A Stock is redeemable if your shareholders approve a tender or
exchange offer or your shareholders voluntarily exchange their shares for other securities
or cash. Please tell us and disclose whether your shareholders have the right to require
you to enter into a tender or exchange offer and the conditions, other than your example
included in your response, which allows your shareholders to require you to exchange their
shares for other securities or cash.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Company will amend its 2008 Form 10-K to state that &#147;If the common shareholders voluntarily
exchange their shares for other securities or cash (for example, in connection with a merger,
consolidation or share exchange agreement presented to the Company and its shareholders for
approval), the Series&nbsp;A Stock will become redeemable. However, the Company&#146;s common shareholders
do not have any rights allowing them to require that the Company exchange their common shares
for any other securities or cash and they cannot require the Company to enter into a merger,
consideration, share exchange or tender offer.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Note 6 &#151; Long-term Debt, page F-18</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 15 from our letter dated August&nbsp;19, 2009. Please tell
us how you gave effect to the reversal of any unamortized discounts related to the Hilco
and DD Notes in the September&nbsp;23, 2008 exchange transaction as well as the recognition of
the discount on the subordinated note. In addition, tell us how you accounted for Hilco&#146;s
transfer of warrants to
purchase 61,273835 shares of your common stock in connection with the Vicis&#146; debt
exchange and refer to your basis in the accounting literature. Please revise the journal
entries as provided herein to clearly illustrate to us how you accounted for the subject
discounts, the warrants and the recognition of the gain from debt extinguishment</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In response to the Staff&#146;s comment, we respectfully advise the staff that there was no remaining
unamortized discount at September&nbsp;23, 2008 related to the Hilco or DD Notes as both notes had
original maturities of September&nbsp;26, 2008. The unamortized discount of approximately $45,000 on
the subordinated debt was amortized in September&nbsp;2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The additional journal entry is as follow;
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Debit Amortization of loan discount</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Credit- Unamortized debt discount</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Securities and Exchange Commission<BR>
October&nbsp;23, 2009<BR>
Page 4 of 5
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">To expense the remaining amount of the unamortized debt discount upon refinancing. The possible
adjustment to a reduction on gain on extinguishment was considered immaterial.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The accounting by Vicis of the acquisition of Hilco warrants along with the Hilco debt was
accounted for outside the company. We relied on EITF D-97, &#147;Push-Down Accounting&#148; and SAB 54
for our accounting guidance. In Staff Accounting Bulletin No.&nbsp;54, Application of &#147;Pushdown&#148;
Basis of Accounting in Financial Statements of Subsidiaries Acquired by Purchase, Application
of &#147;Pushdown&#148; Basis of Accounting in Financial Statements of Subsidiaries Acquired by Purchase,
the SEC staff indicated that it believes push-down accounting is required in &#147;purchase
transactions that result in an entity becoming substantially wholly owned.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In determining whether a company has become substantially wholly owned, the SEC staff has stated
that push-down accounting would be required if 95&nbsp;percent or more of the company has been
acquired (unless the company has outstanding public debt or preferred stock that may impact the
acquirer&#146;s ability to control the form of ownership of the company), permitted if 80&nbsp;percent to
95&nbsp;percent has been acquired, and prohibited if less than 80&nbsp;percent of the company is acquired.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Subsequent to the Hilco debt transaction with Vicis (which included the transfer of the
61,273,835 of warrants to purchase common stock
previously owned by Hilco, with no change in the terms of such
warrants,
and the conversion of debt and Series&nbsp;B
preferred stock to Series&nbsp;A Preferred stock) Vicis had less than a 75% interest in voting stock
of the Company (all represented by Series&nbsp;A Preferred Stock).
Specifically, after such transaction, Vicis owned no shares of common
stock, no shares of Series B Preferred Stock and 11,421,716 shares of
Series A Preferred Stock. The Series A Preferred Stock is entitled to
vote on all matters presented to the shareholders along with the
common stock as a single class, on an as-converted basis, but subject
to a cap of 4.99% of the outstanding common stock per holder.
None of the warrants owned were
given consideration as they are not voting and would required conversion into common stock.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The SEC staff believes that under a &#147;mutual promotion and subsequent collaboration&#148; model, a
member of a collaborative group would be any investor that helps to consummate the acquisition
and works or cooperates with the subsequent control of the acquired company. None of the other
significant investor groups were considered to be part of a collaborative group. Approximately
120,000,000 shares of common stock were held by original management, USVD Management and STN
management (which are separate from Vicis).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">As such we believe that any activity related to a transaction between debt holders outside of
the Company, particularly the Hilco debt and warrant transfer, would not be recorded inside the
Company as the Vicis group had less than 75% voting interest in the
Company even if it were to convert all of its Series A Preferred
Stock to common stock. Further, even if all
warrants were converted, the Vicis group would have less than the 95&nbsp;percent level that would
require the use of push down accounting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Form&nbsp;10-Q for the Quarterly Period Ended June&nbsp;30, 2009</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Consolidated Balance Sheets, page 4.</B></U>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 16 from our letter dated August&nbsp;19, 2009. Since the
cash is restricted until you substantially complete the job, it appears the cash collateral
is not a cash and cash equivalent under paragraph 8 of SFAS 956. Please revise.</B></TD>
</TR>


</TABLE>
</DIV>
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</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Securities and Exchange Commission<BR>
October&nbsp;23, 2009<BR>
Page 5 of 5
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">In response to the Staff&#146;s comment, the Company will amend its 10-Q to reflect that this cash
collateral account will not be considered a &#147;cash and cash equivalent.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Item&nbsp;4T. Controls and Procedures, page 30</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to comment 13 from our letter dated August&nbsp;19, 2009. Please
amend your </B><B>Form 10-Q</B><B> to disclose the information you provided to us in your response to
this comment.</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Company will amend its Form 10-Q to disclose the information it previously provided to the
Staff in response to this comment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Should you have any further questions or comments, please call me at the number indicated
above.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Julio C. Esquivel
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Julio C. Esquivel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 10-K<U style="border-bottom: 1px solid #000000">/A</U></B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>ANNUAL REPORT</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act of 1934</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>For Year Ended December&nbsp;31, 2008</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Brookside Technology Holdings Corp.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Florida<BR>
(State or Other Jurisdiction)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><U style="border-bottom: 1px solid #000000">0-52702</U><BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">20-3634227<BR>
(IRS Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">15500 Roosevelt Blvd, Suite&nbsp;101<BR>
Clearwater, FL 33760<BR>
(Address of principal executive offices) (zip code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(727)&nbsp;535-2151
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Registrant&#146;s telephone number, including area code)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check whether the issuer is not required to file reports pursuant to Section&nbsp;13 or 15(d) of the
Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a shell company as defined in Rule&nbsp;12b-2 of the
Exchange Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or for
such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been
subject to such filing requirements for the past 90&nbsp;days.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(X)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check if there was no disclosure of delinquent filers in response to Item&nbsp;405 of Regulation&nbsp;S-B not
contained in this form, and no disclosure will be contained, to the best of the registrant&#146;s
knowledge, in definitive proxy or information statements incorporated by reference in Part&nbsp;III of
this Form 10-K or any amendment to this Form 10-K.&nbsp;(&nbsp;)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and smaller &#147;reporting company&#148; in Rule&nbsp;12b-2 of the Echange Act.
(Check one):
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%"></TD>
    <TD width="2%"></TD>
    <TD width="23%"></TD>
    <TD width="2%"></TD>
    <TD width="23%"></TD>
    <TD width="2%"></TD>
    <TD width="23%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">Large accelerated filer&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Accelerated filer&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Non-accelerated filer&nbsp;(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Smaller reporting company&nbsp;(X)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revenues for the year ended December&nbsp;31, 2008: $21,709,607
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Aggregate market value of the voting common stock held by non-affiliates of the registrant as of
March&nbsp;31, 2009 was: $3,117,819
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Number of shares of the registrant&#146;s common stock outstanding as of March&nbsp;31, 2009 is: 140,228,340
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>ITEM <STRIKE>6</STRIKE></B><U style="border-bottom: 1px solid #000000"><B>7</B></U><B>.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Forward Looking Statements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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 &#147;may,&#148; &#147;will,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate&#148; and &#147;continue,&#148; or similar
words. You should read statements that contain these words carefully because they:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discuss our future expectations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contain projections of our future results of operations or of our financial
condition; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>state other &#147;forward-looking&#148; information.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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 &#147;Risk
Factors,&#148; &#147;Business&#148; and elsewhere in this prospectus.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Plan of Operation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Introduction</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our company, Brookside Technology Holdings Corp. (formerly &#147;Cruisestock, Inc.&#148;), was incorporated
in September, 2005 under the laws of the State of Texas. On February&nbsp;21, 2007, through a series of
transactions (the &#147;Share Exchange&#148;), we acquired Brookside Technology Partners, Inc. (&#147;Brookside
Technology Partners&#148;), which was incorporated in December&nbsp;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)&nbsp;Brookside Technology Partners
became our wholly-owned subsidiary, (ii)&nbsp;the former stockholders of Brookside Technology Partners
obtained, collectively, the majority ownership of the outstanding common stock of our company and
(iii)&nbsp;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 Share Exchange.
Because of the forgoing, management does not believe that it is informative or useful to compare
Cruisestock&#146;s results of operations with those of Brookside Technology Partners. Instead, below we
discuss Brookside Technology Partners&#146;s results of operations and financial performance. See Note 1
to our Financial Statement contained herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Headquartered in Austin, Texas, Brookside is a provider and global managed service company
specializing in selling, designing, analyzing and implementing converged Voice over IP (VoIP), data
and wireless business communications systems and solutions for commercial and state/government
organizations of all types and sizes in the United States. Brookside is recognized a leading VoIP
resellers and professional services vendors with over 300 BCM installations that have various forms
of networked or VoIP functionality.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, on September&nbsp;14, 2007, we acquired all of the membership interest of USVD from The
Michael P. Fischer Irrevocable Delaware Trust under Agreement dated April&nbsp;5, 2007, and The M. Scott
Diamond Irrevocable Delaware Trust under Agreement dated April&nbsp;23, 2007 (the &#147;Sellers&#148;), pursuant
to a Membership Interest Purchase Agreement closed on such date (the &#147;Purchase Agreement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Headquartered in Louisville, Kentucky, USVD is a leading regional provider of telecommunication
services including planning, design, installation and maintenance for the converged voice and data
systems. USVD serves the Kentucky and Southern Indiana markets, operating out of offices in
Louisville, Lexington and Indianapolis. USVD 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 converged voice, video and data
networks that help businesses increase efficiency and optimize revenue opportunities, critical for
success in today&#146;s competitive business environment. The sale of new systems, built on either
Inter-Tel or NEC platforms, is the backbone of USVD&#146;s business, typically accounting for
approximately 65% of USVD&#146;s revenue. The purchase price of approximately $15,400,000 was paid
through a combination of common stock, cash at closing and a seller note. Additionally, the
Purchase Agreement provides the Sellers with the opportunity to earn additional stock or cash
consideration in the form of a three-year performance based earnout.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Liquidity and Capital Resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prior to the Share Exchange on February&nbsp;21, 2007, Brookside Technology Partners was funded
primarily through shareholder loans and from cash provided by its operations. In connection with
the Share Exchange, as previously reported, the Company raised funds through a private placement of
Series&nbsp;A Stock (the &#147;Private Placement&#148;). In the Private Placement, the Company received net cash
proceeds of $1,280,337, after the deduction of all expenses and not including the conversion of
certain notes payable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsequent to the Private Placement, the Company acquired USVD. In order to fund the acquisition,
the Company, through Midtown Partners &#038; Co, LLC and LCG Capital, raised approximately $11,000,000
less fees and expenses of $1,192,000 for net cash proceeds of $9,808,000. The financing consisted
of approximately $8,000,000 of senior and subordinated debt and $3.0&nbsp;million of Series&nbsp;B Stock. In
connection therewith, the Company and its two subsidiaries, USVD and Brookside Technology Partners,
entered into a Credit Agreement with Hilco Financial LLC, pursuant to which Hilco agreed to provide
a $7,000,000 revolving line of credit, bearing interest at 15% and maturing on September&nbsp;26, 2008
(the &#147;Senior Loan&#148;). This note was assumed by Vicis and refinanced on June&nbsp;18, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, the Company entered into a Securities Purchase Agreement with Vicis Capital Master
Fund, a sub-trust of Vicis Capital Series&nbsp;Master Trust, pursuant to which Vicis acquired 3,000,000
shares of Series&nbsp;B Stock of the Company for $3,000,000, which shares are convertible into
24,000,000 shares of common stock of the Company (subject to certain adjustments). The Series&nbsp;B
Stock was converted to Series&nbsp;A Stock on July&nbsp;3, 2008. Accordingly, the Company no longer has any
outstanding shares of Series&nbsp;B Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, the Company also entered into a Subordinated Note and a related Subordinated Note
Purchase Agreement with DD Growth Premium Fund, pursuant to which DD Growth Premium Fund loaned the
Company $1&nbsp;million, bearing interest at 10% per annum and maturing on December&nbsp;30, 2008 (the
&#147;Subordinated Loan&#148;). Hilco Financial, LLC, Vicis Capital and DD Growth Premium Fund are together
hereinafter referred to as &#147;Lenders&#148;. The DD debt was assumed by Vicis and refinanced on June&nbsp;18,
2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the forgoing, the Company granted (a)&nbsp;Vicis a warrant to purchase 24,000,000
shares of common stock of the Company at an exercise price of $0.125 per share; (b)&nbsp;Hilco Financial
LLC a warrant to purchase 61,273,835 shares of common stock of the Company at an exercise price of
$0.137 per share; (c)&nbsp;DD Growth Premium Fund a warrant to purchase 10,000,000 shares of common
stock of the Company at an exercise price of $0.114 per share; and (d)&nbsp;Midtown Partners &#038; Co. a
warrant to purchase 5,800,000 shares of common stock of the Company at an exercise price of $0.114
per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company completed the STN acquisition on September&nbsp;23, 2008. As part of the acquisition, the
Company was able to rearrange its debt and equity and obtain more favorable terms with a $7,000,000
term loan with Chatham Credit Management III, LLC (&#147;Chatham Term Loan&#148;), the refinance of the
Series&nbsp;B Stock, Hilco and DD debt owned by Vicis, as well as the additional $2,500,000 cash
received by Vicis for issuance of Series&nbsp;A Stock, and the $1,500,000 subordinated loan issued to us
by Vicis. The Chatham Term Loan is for a term of 36&nbsp;months. The interest rate is LIBOR plus nine
percent (9%). The Company is required to pay interest only for the first six months, then interest
plus principal in the amount of $83,333 per month for the remaining 30&nbsp;months, with the remaining
principal due on full on September&nbsp;26, 2011. The Company also has a $2,000,000 line of credit with
Chatham Credit Management III, LLC (this in connection with the Chatham Term Loan hereinafter
referred to as the &#147;Chatham Senior Debt&#148;) with no outstanding balance and cash and cash equivalents
of approximately $1.2&nbsp;million at December&nbsp;31, 2008. The Chatham line of credit has calculates
monthly interest at LIBOR plus four percent (4%). The Chatham Credit Agreement contains standard
representations, warranties and covenants that require the Company, on a consolidated basis, to
maintain at the end of each month: (1)&nbsp;a fixed charge coverage ratio for the 12&nbsp;months then ended
of at least 1.75:1; and (2)&nbsp;a leverage ratio as of the last day of such fiscal month and for the 12
months then ended of not more than 3:1, in each case calculated as set forth in the Credit
Agreement. Although the Company was in compliance with all of its covenants at December&nbsp;31, 2008,
the Company is currently not in compliance with the leverage ratio. The leverage ratio for the 12
months ended January&nbsp;31, 2009 was 3.20:1.In accordance with terms of our Chatham Senior Loan credit
facility, we can only borrow up to three times our trailing twelve months EBITDA, calculated
monthly. <U style="border-bottom: 1px solid #000000">So long as the Company remains in non-compliance with the leverage ratio, the
Company&#146;s ability to borrow under its line of credit with Chatham will be limited, unless such
non-compliance is suspended or waived by Chatham. </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There can be no assurances that we will generate sufficient availability under this arrangement to
provide adequate financing to fund our business strategy. Failure to due so will have a severe
adverse affect on the Company. The
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Company&#146;s ability to meet its obligations in the ordinary course of business is dependent upon its
ability to establish profitable operations, raise additional financing through public or private
equity financings, or secure other sources of financing to fund operations. The Company has cash
and cash equivalents of $<U style="border-bottom: 1px solid #000000">835,525</U><STRIKE>1,204,191</STRIKE>, restricted cash <U style="border-bottom: 1px solid #000000">and cash
collateral</U> of $1,<U style="border-bottom: 1px solid #000000">735,332</U><STRIKE>366,666</STRIKE> and working capital of $444,608 at December
31, 2008. The Company had net cash used in operating activities of $332,352 during the year ended
December&nbsp;31, 2008. The Company sustained a loss for the year ended December&nbsp;31, 2008 of
approximately $5&nbsp;million, sustained losses in 2007 and 2006 and has a retained deficit of
approximately $17&nbsp;million. These losses were primarily due to the amortization expense related to
the accounting treatment of warrants issued in connection with the debt raised to fund the USVD
acquisition, and stock compensation expense related to the accounting treatment of employee stock
options. For the year ended December&nbsp;31, 2008, the Company had net cash used in operating
activities of $332,352. <U style="border-bottom: 1px solid #000000">Currently, the Company believes it has the ability to meet its
short-term and long-term capital needs for operations from cash on hand, cash to be generated from
operations and the borrowing availability on its credit lines. In reaching this conclusion, the
Company has taken into account all future obligations, including the obligation to pay the sellers
of USVD 50% of USVD&#146;s earnings before interest, taxes, depreciation and amortization (&#147;EBITDA&#148;)
through September&nbsp;2010 if its EBITDA exceeds certain targets. Additionally, in reaching such
conclusion the Company has taken into consideration management&#146;s strategy of managing costs in line
with estimated total revenues for the balance of fiscal 2009 and beyond. As part of such strategy,
the Company intends to implement further cost reductions if projected revenues are not fully
realized, which should reduce the Company&#146;s cash requirements. However, there can be no assurance
that anticipated revenues will be realized, that cost reductions
can be implemented, or that the Company will successfully implement its plans. Various factors,
including the recent economic downturn and the risks discussed under the heading &#147;Risk Factors&#148;
could materially impact the Company&#146;s business operations, including its capital needs, liquidity
and capital resources. The Company may need to raise additional capital or seek additional
financing to support its operations and to implement its business plan, and there can be no
assurances that it will be able to do so. See Risk Factors.</U> <STRIKE>Historically, the Company has
relied on borrowings and equity financings to maintain its operations. The Company believes it has
enough cash to operate for the coming year with its cash on hand, cash to be generated from
operations and the borrowing availability on its credit lines. However, the recent economic
downturn could have a material affect on its business operations. In addition, the Company may
raise additional funds for future acquisitions.
</STRIKE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Critical Accounting Policies</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our discussion and analysis of our financial condition and results of operations are based upon our
financial statements, which have been prepared in accordance with accounting principles generally
accepted in the United States of America. The preparation of these consolidated financial
statements requires us to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities.
For a description of those estimates, see Note 3, Significant Accounting Policies, contained in the
explanatory notes to our financial statements contained in this Report. On an ongoing basis, we
evaluate our estimates, including those related to reserves, deferred tax assets and valuation
allowance, and impairment of long-lived assets. We base our estimates on historical experience and
on various other assumptions that we believe to be reasonable under the circumstances, the results
of which form the basis for making judgments about the carrying value of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from these estimates
under different assumptions or conditions; however, we believe that our estimates, including those
for the above described items, are reasonable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Revenue Recognition</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company derives its revenues primarily from sales of converged VOIP telecommunications
equipment and professional services implementation/installation, data and wireless equipment and
installation, recurring maintenance/managed service and network service agreements and other
services. The Company recognizes revenue in accordance with SEC Staff Accounting Bulletin No.&nbsp;101,
&#147;Revenue Recognition in Financial Statements&#148; (&#147;SAB 101&#148;), as amended by SAB No.&nbsp;104. Under SAB 101
and SAB 104, revenue is recognized when there is persuasive evidence of an arrangement, delivery
has occurred or services have been rendered, the sales price is determinable, and collectibility is
reasonably assured. Sales are recorded net of discounts, rebates, and returns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company primarily applies the percentage-of-completion method and generally recognizes revenue
based on the relationship of total costs incurred to total projected costs. Profits expected to be
realized on such contracts are based on total estimated sales for the contract compared to total
estimated costs, including warranty costs, at completion of the contract. These estimates are
reviewed and revised periodically throughout the lives of the contracts, and adjustments to profits
resulting from such revisions are made cumulative to the date of the change. Provision for
anticipated losses on uncompleted contracts is made in the period in which such losses become
evident.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revenue from contracts that contain multiple elements that are not accounted for under the
percentage-of-completion method are accounted for in accordance with Emerging Issues Task Force
(&#147;EITF&#148;) Issue No.&nbsp;00-21, &#147;Accounting for Revenue Arrangements with Multiple Deliverables.&#148; Revenue
from these contracts is allocated to each respective element based on each element&#146;s relative fair
value, if determinable, and is recognized when the respective revenue recognition criteria for each
element are met.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s recognizes revenue from the equipment sales and installation services using the
percentage of completion method. The services for maintaining the systems we install are sold as a
stand-alone contract and treated according to the terms of the contractual arrangements then in
effect. Revenue from this service is generally recognized over the term of the subscription period
or the terms of the contractual arrangements then in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A majority of equipment sales and installation services revenues are billed in advance on a monthly
basis based upon the fixed price, and are included both accounts receivable and deferred income on
the accompanying balance sheets. Direct costs incurred on such contracts are deferred until the
related revenue is recognized and are included in deferred contract costs on the accompanying
balance sheets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company also provides professional services (maintenance/managed services) on a fixed price
basis. These services are billed as bundles and or upon completion of the services.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RISK FACTORS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You should carefully consider the risks described below before deciding to invest in or maintain
your investment in our Company. The risks described below are not intended to be an all-inclusive
list of the potential risks relating to an investment in our securities. If any of the following
or other risks actually occur, our business, financial condition or operating results and the
trading price or value of our securities could be materially adversely affected.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RISKS RELATED TO OUR BUSINESS:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><STRIKE>Until the Earnout to the USVD Sellers is paid, we may need to split our EBITDA with the Sellers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the USVD Membership Purchase Agreement, we agree to pay to the Sellers of USVD 50% of
USVD&#146;s EBITDA through September&nbsp;2010 if the EBITDA exceeds certain targets. As a result, although
we will be entitled to retain the other 50% of EBITDA, this may inhibit our ability to obtain new
financing and to undertake our growth strategy.<B></STRIKE></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Chatham Senior Loan may not provide adequate cash flow to finance our operations.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Chatham Credit Agreement contains standard representations, warranties and covenants that
require the Company, on a consolidated basis, to maintain at the end of each month: (1)&nbsp;a fixed
charge coverage ratio for the 12&nbsp;months then ended of at least 1.75:1; and (2)&nbsp;a leverage ratio as
of the last day of such fiscal month and for the 12&nbsp;months then ended of not more than 3:1, in each
case calculated as set forth in the Credit Agreement. Although the Company was in compliance with
all of its covenants at December&nbsp;31, 2008, the Company is currently not in compliance with the
leverage ratio. The leverage ratio for the 12&nbsp;months ended January&nbsp;31, 2009 was 3.20:1.In
accordance with terms of our Chatham Senior Loan credit facility, we can only borrow up to three
times our trailing twelve months EBITDA, calculated monthly. There can be no assurances that we
will generate sufficient availability under this arrangement to provide adequate financing to fund
our business strategy. Failure to due so will have a severe adverse affect on the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>We have very limited liquidity from operations.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the financing and operational concerns discussed in this filing, we incurred net
losses of $4,830,790 and $7,604,504 during the years ended December&nbsp;31, 2008 and 2007,
respectively. Further, the Company had net cash used in operating activities of $332,352 and
$1,048,494 during the years ended December&nbsp;31, 2008 and 2007, respectively. Failure to improve the
Company&#146;s cash from operations could have a severe adverse affect on the Company.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>We may not be able to undertake our growth strategy.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to operating Brookside Technology Partner&#146;s, USVD&#146;s and STN&#146;s historical businesses,
our growth strategy calls for undertaking strategic acquisitions over the next 12&nbsp;months. See
&#147;Description of Business &#151; Growth Strategy.&#148; If
our liquidity issues cause us to enter into a default situation with Chatham, which will limit our
access to capital, we will not be able to implement our acquisition strategy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>We may not be able to manage our anticipated growth.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our growth plan calls for the acquisition of other businesses. As a result of the USVD and STN
acquisitions, our management team has greater experience in negotiating, closing and integrating
acquisitions into our core business. However, there can be no assurances that we will be able to
successfully acquire or integrate other business. Additionally, our growth strategy is anticipated
to place significant demands on our managerial and operational resources. Our failure to manage our
growth efficiently may, among other things, divert management&#146;s attention from the operation of our
core business and negatively impact our business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>As a result of <STRIKE>a</STRIKE>our being a reporting public company, our expenses increase proportionately.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our ongoing expenses have increased significantly, including expenses in compensation to our
officers, ongoing public company expenses, including increased legal and accounting expenses as a
result of our status as a reporting company and the requirement that we register the shares
underlying the preferred stock and warrants issued pursuant to the Purchase Agreement, expenses
incurred in complying with the internal controls requirements of the Sarbanes Oxley Act, and
obligations incurred in connection with the acquisition of USVD and STN. Our failure to generate
sufficient revenue and gross profit could result in reduced profits or increased losses as a result
of the additional expenses.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fluctuations in our operating results and announcements and developments concerning our business affect our stock price.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our quarterly operating results, the number of stockholders desiring to sell their shares, changes
in general economic conditions and the financial markets, the execution of new contracts and the
completion of existing agreements and other developments affecting us, could cause the market price
of our common stock to fluctuate substantially.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our officers and directors are involved in other businesses which may cause them to devote less time to our business.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our officers&#146; and directors&#146; involvement with other businesses may cause them to allocate their
time and services between us and other entities. Consequently, they may give priority to other
matters over our needs, which may materially cause us to lose their services temporarily, which
could affect our operations and profitability. We also rely heavily on Mike Fischer and Scott
Diamond, CEO and COO, respectively, of USVD, as well as Michael Promotico, CEO of STN. The loss of
any of these individuals would adversely impact us. Per their employment agreements, if we fail to
make any payments to Mike Fischer or Scott Diamond under any of their agreements, they can compete
with us, and that would also materially adversely impact us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>We are dependent upon third party suppliers to provide our products, and the loss of these
suppliers or a disruption or interruption in the supply chain may adversely affect our business.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not manufacture any of our products. We purchase our products from third parties. The loss of
one or more of our suppliers could cause a significant disruption or interruption in the supply
chain and could have a material adverse effect on our business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our success depends, in part, on the quality of our products.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our success depends, in part, on the quality of our products. If our products are found to be
defective or unsafe, or if they otherwise fail to meet our customers&#146; standards, our relationships
with our customers could suffer, our brand appeal could be diminished, and we could lose market
share and/or become subject to liability claims, any of which could result in a material adverse
effect on our business, results of operations and financial condition.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Board Committees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board may appoint such persons and form such committees as are required to meet the corporate
governance requirements imposed by the national securities exchanges, although such requirements
currently do not apply to us. <U style="border-bottom: 1px solid #000000">Chris Philips serves as the chairman of the Company&#146;s audit
committee, which is comprised of all members of the board of directors.</U> Until further
determination by the Board, the full Board will undertake the duties of the <STRIKE>audit
committee,</STRIKE> compensation committee and nominating committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employment Agreements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On September&nbsp;14, 2007, the Company caused USVD, its new subsidiary, to enter into employment
agreements with Michael P. Fischer and M. Scott Diamond, with initial terms of three years,
pursuant to which they will serve as USVD&#146;s CEO and COO, respectively. The employment agreements
contain standard terms and provisions, including non competition and confidentiality provisions and
provisions relating to early termination and constructive termination, and provide for an annual
base salary and certain standard benefits. On September&nbsp;23, 2008, the Company caused STN , its new
subsidiary, to enter into an employment agreement with Michael Promotico, with an initial term of
three years, pursuant to which he will serve as STN&#146;s Chief Executive Officer . The employment
agreement contain standard terms and provisions, including non-competition and confidentiality
provisions and provisions relating to early termination and constructive termination, and provide
for an annual base salary and certain standard benefits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compensation of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are presently no arrangements providing for payments to directors for director or consulting
services. We expect to establish these arrangements shortly upon increased business activities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Code of Ethics</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have formally adopted a written code of ethics that applies to our board of directors, principal
executive officer, principal financial officer and employees. See Item&nbsp;13.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SUMMARY COMPENSATION TABLE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth information concerning the total compensation that Brookside
Technology Holdings Corp has paid or that has accrued on behalf of Brookside Technology Holdings
Corp&#146;s chief executive officer and other executive officers with annual compensation exceeding
$100,000 during the years ended December&nbsp;31, 2008 and 2007.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Long-Term Compensation</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="9" style="border-bottom: 1px solid #000000">Annual Compensation</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Awards</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Payouts</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">All Other</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Annual</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Restricted</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Underlying</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">LTIP</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Compen-</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name and Principal</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Compen-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Options/</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Pay-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">sation</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Position</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Year</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Salary ($)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Bonus ($)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Sation ($)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Award(s)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">SARs</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">outs</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">($)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Michael Nole-CEO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">180</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">145</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">George Pacinelli -
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">140</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">President
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">87</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Mike Fischer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">105</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">CEO &#151; US Voice</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">&#038; Data, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Scott Diamond
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">145</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">COO &#151; US Voice
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">&#038;Data, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Michael Promotico
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">65</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">President &#151; Standard Tel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Networks, LLC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">Bryan McGuire -
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2008</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">100</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2007</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">81</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2006</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">N/A</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-0-</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U style="border-bottom: 1px solid #000000">Amounts represented above are in thousands of dollars (000&#146;s).</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has not implemented an incentive bonus compensation plan as of March&nbsp;31, 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compensation Committee Interlocks and Insider Participation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During 2007, we did not have a compensation committee or another committee of the board of
directors performing equivalent functions. Instead the entire board of directors performed the
function of compensation committee.
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>ITEM 13.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>EXHIBITS</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following exhibits are included as part of this Form 10-K. References to &#147;the Company&#148; in this
Exhibit list mean Brookside Technology Holdings Corp., a Florida corporation.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Incorporation (1)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment to Articles of Incorporation dated September&nbsp;14, 2007 (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment to Articles of Incorporation dated July&nbsp;3, 2008</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment to Articles of Incorporation dated August&nbsp;4, 2008 (3)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By-laws</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dynamic Decisions Note (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dynamic Decisions Purchase Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vicis Capital Master Fund Securities Purchase Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vicis Capital Master Fund Registration Rights Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Hilco Credit Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US Voice &#038; Data, LLC Membership Purchase Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Michael P. Fischer Employment Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">M. Scott Diamond Employment Agreement (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">STN Stock Membership Purchase Agreement (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Michael Promotico Employment Agreement (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chatham Credit Facility (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chatham Term Note Dated September&nbsp;23, 2008 (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chatham Revolving Note Dated September&nbsp;23, 2008 (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chatham Warrant Purchase and Registration Rights Agreement (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vicis Securities Purchase and Loan Conversion Agreement (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vicis Subordinated Note Dated September&nbsp;23, 2008 (4)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U style="border-bottom: 1px solid #000000">10.17</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U style="border-bottom: 1px solid #000000">Note payable due to Michael Nole dated September&nbsp;17, 2007.</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U style="border-bottom: 1px solid #000000">10.18</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U style="border-bottom: 1px solid #000000">Note payable due to Randy Rogers dated June&nbsp;30, 2007.</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Executive Officer pursuant to Rule&nbsp;13a-14(a) of the Securities Exchange Act of 1934.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Financial Officer pursuant to Rule&nbsp;13a-14(a) of the Securities Exchange Act of 1934.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Executive Officer pursuant to 18 U.S.C. Section&nbsp;1350 as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Financial Officer pursuant to 18 U.S.C. Section&nbsp;1350 as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference from to Brookside Technology Holdings Corp&#146;s
Form S-1/A filed with the Securities and Exchange Commission on February&nbsp;2, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference from to Brookside Technology Holdings Corp&#146;s
Form 10-QSB filed with the Securities and Exchange Commission on November&nbsp;19, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference from to Brookside Technology Holdings Corp&#146;s
Form 8-K filed with the Securities and Exchange Commission on August&nbsp;8, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference from to Brookside Technology Holdings Corp&#146;s
Form 8-K filed with the Securities and Exchange Commission on September&nbsp;29, 2008.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>Exhibit&nbsp;31.1</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO<BR>
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, <U>Michael W. Nole</U>, certify that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this yearly report on Form 10-K of Brookside Technology Holdings Corp.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this yearly report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period
covered by this quarterly report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in
this yearly report, fairly present in all material respects the financial condition, results of
operations and cash flows of the <U style="border-bottom: 1px solid #000000">small business issuerregistrant</U> as of, and for, the
periods presented in this yearly report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s other certifying officer and I are
responsible for establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) <U style="border-bottom: 1px solid #000000">and internal control over financial reporting (as
defined in Exchange Act Rules&nbsp;13a-15(f) and 15d-15(f)) for the registrant</U><STRIKE>for the small
business issuer</STRIKE> and have:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in which this
report is being prepared;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of <U style="border-bottom: 1px solid #000000">consolidated</U>
financial statements for external purposes in accordance with general accepted accounting
principles;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s
disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change in the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s internal control over financial reporting that occurred during the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s most recent fiscal quarter (the <STRIKE>small
business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s forth fiscal quarter in the case of an annual report) that
has materially affected, or is reasonably likely to materially affect, the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s control over financial reporting; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s other certifying officer and I have
disclosed, based on our most recent evaluation of internal control over financial reporting, to the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s auditors and the audit committee of the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s board of directors (or persons performing the
equivalent functions):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the <STRIKE>small
business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s ability to record, process, summarize and report financial
information; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a
significant role in the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s internal control over
financial reporting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: March&nbsp;31, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Signature: <u>/s/ Michael W. Nole</u><BR>
Chief Executive Officer<BR>
(Principal Executive Officer)

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>Exhibit&nbsp;31.1</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO<BR>
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, <U>Bryan G. McGuire</U>, certify that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this yearly report on Form 10-K of Brookside Technology Holdings Corp.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this yearly report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period
covered by this quarterly report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in
this yearly report, fairly present in all material respects the financial condition, results of
operations and cash flows of the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U> as of, and for,
the periods presented in this yearly report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The<U style="border-bottom: 1px solid #000000">registrant&#146;s</U><STRIKE>small business issuer&#146;s</STRIKE> other certifying officer and I are
responsible for establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) <U style="border-bottom: 1px solid #000000">and internal control over financial reporting (as
defined in Exchange Act Rules&nbsp;13a-15(f) and 15d-15(f)) </U>for the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U> and have:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in which this
report is being prepared;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of consolidated
financial statements for external purposes in accordance with general accepted accounting
principles;</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(<U style="border-bottom: 1px solid #000000">c</U><STRIKE>b</STRIKE>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(<U style="border-bottom: 1px solid #000000">d</U><STRIKE>c</STRIKE>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change in the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s internal control over financial reporting that occurred during the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s most recent fiscal quarter (the <STRIKE>small
business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s forth fiscal quarter in the case of an annual report) that
has materially affected, or is reasonably likely to materially affect, the <STRIKE>small business
issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s control over financial reporting; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s other certifying officer and I have
disclosed, based on our most recent evaluation of internal control over financial reporting, to the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s auditors and the audit committee of the
<STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s board of directors (or persons performing the
equivalent functions):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the <STRIKE>small
business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s ability to record, process, summarize and report financial
information; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a
significant role in the <STRIKE>small business issuer</STRIKE><U style="border-bottom: 1px solid #000000">registrant</U>&#146;s internal control over
financial reporting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: March&nbsp;31, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Signature: <u>/s/ Bryan G. McGuire</u><BR>
Chief Financial Officer<BR>
(Principal Financial Officer)

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>




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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP<BR>
STATEMENT OF CASH FLOWS<BR>
For the Years Ended December&nbsp;31, 2008 and 2007</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM OPERATING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(4,830,790</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(7,604,504</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Adjustments to reconcile net loss to net
cash used in operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132,294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,921</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Amortization of loan discounts and intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,358,031</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,999,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Non-cash interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">686,189</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Gain on debt extinguishment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(151,619</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Bad debt expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Stock based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">165,237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">915,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(Increase) decrease in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(935,625</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">264,788</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Inventory</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,055,293</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Deferred contract costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17,460</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(79,039</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Prepaid expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,053</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,638</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Deposits and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,964</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,428</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Increase (decrease)&nbsp;in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts payable and accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">485,032</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">140,347</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued payroll liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">437,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">277,131</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Billings in excess of revenues</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(997,993</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,224,156</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,842</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119,566</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,498,438</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,556,010</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH USED IN OPERATING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(332,352</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,048,494</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM INVESTING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisition of equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(180,428</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(76,941</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Cash used for restricted cash</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(368,666</U></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Cash used for cash collateral</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(1,366,667</U></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisition of US Voice &#038; Data, LLC (&#147;USVD&#148;), net of $855,791 in cash received</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(227,091</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,094,289</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisition of Standard Tel Networks, LLC (&#147;STN&#148;), net of $522,319 in cash received</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,719,558</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH USED IN INVESTING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B><U style="border-bottom: 1px solid #000000">(4,862,410</U></B></TD>
    <TD nowrap><B><U style="border-bottom: 1px solid #000000">)</u></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9,171,230</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM FINANCING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from long term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,097,455</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,424,576</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash paid for fees in connection with USVD acquisition financing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(463,000</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from Series&nbsp;B preferred stock financing classified as long-term
debt, net of issuance costs of $250,000</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,750,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred finance charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(588,984</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(349,538</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from issuance of Series&nbsp;A preferred stock, net of issuance costs of $376,653</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,280,337</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from issuance of Series&nbsp;A preferred stock, in connection with the STN acquisition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash paid for fees in connection with the Exchange Transaction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(293,963</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Repayment of long term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10,166,030</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,976,508</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH PROVIDED BY FINANCING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,842,441</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,371,904</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">NET INCREASE IN CASH</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">647,679</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">152,180</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,846</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,666</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><U style="border-bottom: 1px solid #000000">CASH AND CASH EQUIVALENTS AT END OF YEAR</U></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B><U style="border-bottom: 1px solid #000000">$</U></B></TD>
    <TD align="right"><B><U style="border-bottom: 1px solid #000000">835,525</U></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>187,846</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SUPPLEMENTAL DISCLOSURE</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">63,559</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">899,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">265,213</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-cash financing and investing activities
Exchange Transaction fee to Venture Fund II for consulting fees, paid in preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">250,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accretion of preferred stock dividend including $1,983,607 beneficial conversion feature</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,459,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,856</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Payment of notes payable paid in preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">235,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Note Payable issued in USVD acquisition, net of origination discount</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,747,934</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Value of common stock issued in USVD acquisition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,345,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued interest added to note payable balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">46,556</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Conversion of note for 400,000 shares of common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Beneficial conversion feature assigned to convertible debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">695,006</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Warrant value assigned and beneficial conversion feature assigned from USVD acquisition debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,472,294</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Warrant value assigned with Series&nbsp;A preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">178,344</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Value of common stock issued in STN acquisition</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,169,755</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Warrant value assigned from Chatham financing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,901,388</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Beneficial conversion feature assigned to Series&nbsp;A preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,157</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Registration rights obligation assigned to Series&nbsp;A preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25,693</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Warrant value and beneficial conversion feature assigned from Vicis Series&nbsp;A preferred issuance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Conversion of debt to Series&nbsp;A preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,026,384</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Conversion of Series&nbsp;A preferred stock to common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">388,493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Registration rights obligation assigned to Series&nbsp;A preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25,693</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">See accompanying notes and independent auditors&#146; report.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP.</B><BR>
Notes to Consolidated Financial Statements
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Note 2 &#151; Liquidity and Capital Resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company completed the STN acquisition on September&nbsp;23, 2008. As part of the acquisition, the
Company was able to rearrange its debt and equity and obtain more favorable terms. The Company has
a $2,000,000 line of credit with no outstanding balance and cash and cash equivalents of
approximately $<U style="border-bottom: 1px solid #000000">836,000</U><STRIKE>1.2&nbsp;million</STRIKE> at December&nbsp;31, 2008. The Company sustained a
loss for the year ended December&nbsp;31, 2008 of approximately $4.8&nbsp;million, sustained losses in 2007
and 2006 and has a retained deficit of approximately $16.8&nbsp;million. These losses were primarily
due to the amortization expense related to the accounting treatment of warrants issued in
connection with the debt raised to fund the USVD and STN acquisitions. For the year ended December
31, 2008 the Company had net cash used in operations of $332,352. Historically, the Company has
relied on borrowings and equity financings to maintain its operations. The Company believes it has
enough cash to operate for the coming year with its cash on hand, cash to be generated from
operations and the borrowing availability on its credit lines. However, the recent economic
downturn could have a material affect on its business operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Note 3 &#151; Significant Accounting Policies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The accounting and reporting policies of the Company conform to U.S. generally accepted accounting
principles (GAAP)&nbsp;and to the practices within the telecommunications industry. The following
summarizes the more significant of these policies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Principles of Consolidation</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated financial statements include the accounts of Brookside Technology Holdings Corp.
and its wholly-owned subsidiaries, certain of which are Brookside Technology Partners, Inc., US
Voice &#038; Data, LLC, an Indiana Limited Liability Company, Standard Tel Acquisitions, Inc a
California Corporation, Trans-West Network Solutions, Inc, a California Corporation and Standard
Tel Networks, LLC, a California Limited Liability Company. All significant intercompany balances
and transactions have been eliminated in consolidation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Cash Equivalents </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of the statements of cash flows, the Company considers short-term investments, which
may be withdrawn at any time without penalty, and restricted cash, which will become available
within <U style="border-bottom: 1px solid #000000">three months</u> <STRIKE>one year</STRIKE> from the date of the financial statements, to be cash equivalents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Use of Estimates </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The preparation of financial statements in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues and expenses during
the reporting period. Accordingly, actual results could differ from those estimates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Property and Equipment </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Property and equipment are stated at cost. Depreciation and amortization are provided on a
straight-line basis over the estimated useful lives of the assets. The following table shows
estimated useful lives of property and equipment:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Classification</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Useful Lives</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telecom equipment
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">3-5&nbsp;years</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Software
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">3-5&nbsp;years</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Computer equipment
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">3-5&nbsp;years</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Furniture, fixtures and leasehold improvements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">2-7&nbsp;years</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Property and Equipment (continued)</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company periodically evaluates the estimated useful lives used to depreciate its assets and the
estimated amount of assets that will be abandoned or have minimal use in the future. While the
Company believes its estimates of useful lives are reasonable, significant differences in actual
experience or significant changes in assumptions may affect future depreciation expense.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Expenditures for maintenance and repairs are charged to expense as incurred. Major expenditures for
additions, replacements and betterments are capitalized. When assets are sold, retired or fully
depreciated, the cost, reduced by the related amount of accumulated depreciation, is removed from
the accounts and any resulting gain or loss is recognized as income or expense.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Financial Instruments and Credit Risk </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Financial instruments that potentially subject the Company to credit risk include cash and cash
equivalents, accounts receivable and unbilled receivables from customers. Cash is deposited in
demand accounts in federally insured domestic institutions to minimize risk. Accounts receivable
and unbilled receivables are generally unsecured. With respect to accounts receivable and unbilled
receivables, the Company performs ongoing credit evaluations of customers and generally does not
require collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Receivables are concentrated with a small number of customers. The Company maintains reserves for
potential credit losses on customer accounts when deemed necessary. There were no allowances for
credit losses at December&nbsp;31, 2008 and 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The amounts reported for cash and cash equivalents, receivables, accounts payable, and accrued
liabilities are considered to approximate their market values based on comparable market
information available at the respective balance sheet dates and their short-term nature. The
Company believes that the notes payable fair values approximate their notional value at December
31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Inventories</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inventories are comprised primarily of telephone systems ordered for installations, and spare parts
or common parts used in telephone system installations and are stated at the lower of cost
(first-in, first out) or market through the use of an inventory valuation allowance. In order to
assess the ultimate realization of inventories, the Company is required to make judgments as to
future demand requirements compared to current or committed inventory levels. Allowance
requirements generally increase as the projected demand requirement decreases due to market
conditions, technological and product life cycle changes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Redeemable Securities</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In May&nbsp;2003, the FASB issued SFAS No.&nbsp;150, &#147;Accounting for Certain Financial Instruments with
Characteristics of Both Liabilities and Equity&#148; (SFAS 150). SFAS 150 requires issuers to classify
as liabilities (or assets in some circumstances) three classes of freestanding financial
instruments that embody obligations for the issuer. The Company classified Series&nbsp;B Stock as a
liability in the balance sheet and related accretion being charged to interest expense in the
statement of operations. On July&nbsp;3, 2008, pursuant to the Vicis Agreement, Vicis agreed to convert
this Series&nbsp;B Stock to Series&nbsp;A Stock. The Series&nbsp;A Stock is not presently redeemable and has been
classified in equity in the consolidated financial statements.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Convertible Securities With Beneficial Conversion Features</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under EITF No.00-27, <I>&#147; </I>Application of EITF Issue No.&nbsp;98-5, &#145;Accounting for Convertible Securities
with Beneficial Conversion Features or Contingently Adjustable Conversion Rates&#146;, to Certain
Convertible Instruments,<I>&#148; </I>the Company considered the effect of a beneficial conversion feature of
the Series&nbsp;A Stock issued in the December&nbsp;2007 private placement and subsequently issued to Vicis
during 2008. During 2008, the Company has attributed a beneficial conversion feature of $1,983,607
to the Series&nbsp;A Stock based upon the difference between the relative fair value assigned to costs
in Series&nbsp;A Stock and the discount assigned to the warrants and zero (minimum basis). The amount
attributable to the beneficial conversion feature has been recorded as a dividend to the holders of
the Series&nbsp;A Stock during the year ended December&nbsp;31, 2008. Since the redemption requirement of the
Series&nbsp;A Stock is contingent on the occurrence of future events, the Company is not accreting the
carrying value of the Series&nbsp;A Stock to redemption value and will not do so until the occurrence of
any one of those future events becomes probable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s Series&nbsp;A Stock is redeemable under certain conditions, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="1" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company effecting a merger or consolidation with another entity</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company sells all or substantially all of the Company&#146;s assets</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s shareholders approve a tender or exchange offer, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s holders of the common stock <U style="border-bottom: 1px solid #000000">voluntarily</u> exchange their shares for securities or cash.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accordingly, upon the occurrence of any one of these events, the Series&nbsp;A Stock will become
redeemable and the Company will accrete the carrying value of the Series&nbsp;A Stock to redemption
value at that time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">While there may be situations where the common shareholders may be asked to voluntarily exchange
their shares for other securities or cash (for example, in connection with a merger, consolidation
or share exchange agreement presented to the Company and its shareholders for approval), the
Company&#146;s common shareholders do not have any rights allowing them to require that the Company
exchange their common shares for any other securities or cash and they cannot require the Company
to enter into a merger, consideration, share exchange or tender offer.</u>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Goodwill and Intangibles </U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Goodwill represents the acquisition costs in excess of the fair value of net tangible and
intangible assets of the businesses purchased. This premium paid for the acquisitions is based on
management&#146;s belief that the acquired technologies, businesses and engineering talent were of
strategic importance in the Company&#146;s growth strategy. Intangible assets consist primarily of the
value of intellectual property, customer relationships, non-compete agreements, trademarks and
goodwill. Goodwill is evaluated annually for impairment, or earlier if indications of impairment
exist. The determination as to whether or not goodwill or other intangible assets have become
impaired involves a significant level of judgment in the assumptions underlying the approach used
to determine the value of the reporting units. Changes in operating strategy and market conditions
could significantly impact these judgments and require adjustments to recorded amounts of
intangible assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">We do an annual testing of goodwill in accordance with provisions of SFAS 144, &#147;Accounting for
the Impairment or Disposal of Long Lived Assets&#148;. In accordance with these provisions, we performed
testing of goodwill for impairment by comparing the fair value of the reporting unit with its
carrying value including goodwill. If the fair value of the reporting unit exceeded the carrying
value including goodwill no further testing for goodwill was deemed necessary. Goodwill included in our books
comprises of two reporting units:</U>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP.</B><BR>
Notes to Consolidated Financial Statements
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U style="border-bottom: 1px solid #000000"> 1. Goodwill relating to acquisition of USVD</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">2. Goodwill relating to acquisition of STN</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">As the STN acquisition was consummated only during September, 2008 we did not perform the
impairment testing for goodwill. We tested the goodwill relating to USVD by comparing the fair
value of USVD (which is a separate reporting entity ) with the carrying value including goodwill.
Based on our testing we assessed the fair value of USVD at December&nbsp;31, 2008 to be approximately
$13.7&nbsp;million compared to the net book value of the Company of $ 13.6&nbsp;million. The fair value of the reporting
entity was based on EBITDA for the year ended December&nbsp;31, 2008 which was approximately $ 3.0&nbsp;million.
With a multiple of 4.5 times which is consistent with the amount paid for the STN acquisition and
is less than the multiple paid for USVD, the fair value was deemed to be approximately $13.7&nbsp;million.
Accordingly we concluded that no impairment for goodwill exists as of December&nbsp;31, 2008.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">Every quarter we reassess the impact of the economic downtown and changes in market conditions
in our assessment of the changes to fair value computation for the above acquisitions. This was
reflected in our assessment of fair value computation of USVD where we used a lower multiple of
EBITDA in computation of fair value due to economic downtown and changes in market conditions. We
will continue to reassess our assumptions underlying our valuation approach. </U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Note 16 &#151; Acquisition of Standard Tel Networks, LLC</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On September&nbsp;23, 2008, the Company, through its Acquisition Sub, acquired STN, an independent
distributor of high quality, turnkey converged voice and data business communications products and
services with California offices in the San Francisco Bay Area, Sacramento, San Diego and
headquartered in Huntington Beach. The acquisition was conducted pursuant to a previously-disclosed
Stock and Membership Interest Purchase Agreement dated July&nbsp;17, 2008 (the &#147;Purchase Agreement&#148;),
and was structured as the acquisition of (a)&nbsp;all of the stock of Trans-West Network Solutions, Inc.
(&#147;Trans-West&#148;) from the shareholders of Trans-West (the &#147;Trans-West Shareholders&#148;) and (b)&nbsp;all of
the membership interest of STN owned by ProLogic Communication, Inc. (&#147;ProLogic&#148; and collectively
with the Trans-West Shareholders, the &#147;Seller Parties&#148;). As previously reported, Trans-West, a
holding company with no operations, owns eighty percent (80%) of the membership interest of STN and
ProLogic owned the other twenty percent (20%), and, accordingly, the Company now owns (directly, in
part, and indirectly through Trans West, in other part) one hundred percent (100%) of STN.
Collectively, the forgoing transactions are referred to in this Current Report as the &#147;STN
Acquisition.&#148; Prior to the STN Acquisition, the Company did not have any relationships with the
Seller Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the closing of the STN Acquisition, the Company issued to the Seller Parties 40,843,376 shares
of the Company&#146;s common stock and paid to the Seller Parties $3,209,263 in cash. However, pursuant
to the Purchase Agreement, one-half of such shares are being held in escrow subject to certain
post-closing purchase price adjustments and indemnification obligations. On January
8<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2009, the Company and the Seller Parties completed the analysis of post closing
adjustments. This resulted in a cash reduction of the purchase price of $247,059. As a result of
the decrease in purchase price, the resulting goodwill has been adjusted down by the cash portion
of this amount. The stock portion will be analyzed further subject to additional purchase price
adjustments and indemnification obligations due September&nbsp;23, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the STN acquisition, the Company entered into Restrictive Covenant Agreements
with the Seller Parties, pursuant to which the Seller Parties, subject to certain limited
exceptions, agree not to use or disclose confidential information belonging to the Company or STN
and not to compete with the Company nor to solicit its customers or employees. Additionally, the
Company caused STN to enter into an Employment Agreement with Michael Promotico, with an initial
term of three years, pursuant to which he will serve as STN&#146;s Chief Executive Officer (the
&#147;Employment Agreement&#148;). The Employment Agreement contains standard terms and provisions, including
non-competition and confidentiality provisions and provisions relating to early termination and
constructive termination, and provides for an annual base salary, performance incentives, certain
standard benefits and stock options at an exercise price equal to the fair market value of the
shares on the closing date.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP.</B><BR>
Notes to Consolidated Financial Statements
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A summary of the acquisition is as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Acquisition of STN was accounted for under the purchase method of accounting that requires that
the assets acquired and liabilities assumed be recorded at the date of acquisition at their
respective fair market value. The judgments made in determining the estimated fair values assigned
to each class of assets acquired and liabilities assumed, as well as asset lives, can materially
impact net income. Additional adjustments may be made to the purchase price based on EBITDA and net
assets estimated at the time of acquisition. The purchase price was allocated to the assets
acquired and liabilities assumed, based on estimated fair values at the date of the acquisition.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">An initial preliminary allocation has been made to intangible assets as of the December&nbsp;31, 2008.
Management will determine the proper value of intangible assets acquired from STN and allocate any
additional adjustments of the goodwill to intangible assets within the twelve months after the
acquisition date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operating results from the acquired business is included in the condensed consolidated statements
of operations from the date of acquisition. A summary of the purchase price allocation is as
follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase price -</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,982,667</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock issued</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,169,755</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Legal &#038; other acquisition costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">259,210</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Acquisition costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,411,631</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net fair value of assets acquired and liabilities assumed</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(56,696</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Excess of cost over fair value of tangible assets acquired</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,354,936</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Value assigned to customer contracts acquired</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(900,000</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill acquired</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,454,936</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fair value of assets acquired and liabilities assumed -</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Cash acquired</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">522,319</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,176,392</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Inventory and work in progress</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">902,777</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Property and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122,677</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,593</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable and accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(780,015</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Customer deposits and deferred income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,842,579</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Installment loan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(87,468</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net fair value of assets acquired and liabilities assumed</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">56,696</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">The following unaudited pro forma financial information presents the results of operations for
the years ended December&nbsp;31, 2008 and 2007 as if the acquisitions had occurred at the beginning of
each period presented. The pro forma financial information has been adjusted for the effect of
interest paid on the term loan and the reduced interest earned on cash used in the acquisitions of
USVD and STN. The pro forma financial information for the combined entities has been prepared for
comparative purposes only and is not indicative of what actual results would have been if the
acquisitions had taken place at the beginning of each period presented, or of future results.</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><U style="border-bottom: 1px solid #000000">(Unaudited)</u></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><U style="border-bottom: 1px solid #000000">Year ended December 31,</u></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><U style="border-bottom: 1px solid #000000">2008</u></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><U style="border-bottom: 1px solid #000000">2007</u></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Pro forma net revenues</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><U style="border-bottom: 1px solid #000000">$</u></TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">28,703,526</u></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><U style="border-bottom: 1px solid #000000">$</u></TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">27,593,267</u></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Pro forma net income (loss)</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(6,191,510</u></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</u></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(14,145,266</u></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</u></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Pro forma net income per share:</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Diluted</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><U style="border-bottom: 1px solid #000000">$</u></TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(0.06</u></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</u></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><U style="border-bottom: 1px solid #000000">$</u></TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(0.11</u></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</u></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 10-Q<U style="border-bottom: 1px solid #000000">/A</U></B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">(Mark One)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#120;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>For the quarterly period ended June&nbsp;30, 2009</B></TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><B>OR</B><BR></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>For the transition period from <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> to </B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Commission File Number </B><STRIKE>333-133253</STRIKE><U style="border-bottom: 1px solid #000000">0-52702</U>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Florida</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">20-3634227</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">State or other jurisdiction of <BR>
incorporation or organization
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">15500 Roosevelt Blvd, Suite&nbsp;101<BR>
Clearwater, FL 33760<BR>
(Address of principal executive offices) (Zip Code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Registrant&#146;s telephone number, including area code (727)&nbsp;535-2151
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or for
such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been
subject to such filing requirements for the past 90&nbsp;days.&nbsp;Yes&nbsp;<FONT face="Wingdings">&#120;</FONT>&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T (&#167; 229.405 of this chapter) during the preceding 12&nbsp;months
(or for such shorter period that the registrant was required to submit and post such files).&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,
or a non-accelerated filer. See definition of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and
&#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act. (Check one):
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Large accelerated filer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Non-accelerated filer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smaller reporting company
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#120;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the
Exchange Act).<BR>
Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;No&nbsp;<FONT face="Wingdings">&#120;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Number of shares outstanding of registrant&#146;s class of common stock as of August&nbsp;14, 2009:
146,657,102
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Brookside Technology Holdings Corp.<BR>
Notes to Unaudited Consolidated Financial Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Note 1 &#151; Basis of Presentation and Nature of Business</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Basis of Presentation</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The accompanying unaudited condensed consolidated financial statements of Brookside Technology
Holdings Corp., a Florida corporation (the &#147;Company&#148;), have been prepared in accordance with the
instructions to Form 10-Q and do not include all of the information and footnotes required by
accounting principles generally accepted in the United States of America for complete consolidated
financial statements. These unaudited condensed consolidated
financial statements and related notes should be read in conjunction with the Company&#146;s Form 10-K
for the fiscal year ended December&nbsp;31, 2008. In the opinion of management, these unaudited
condensed consolidated financial statements reflect all adjustments that are of a normal recurring
nature and which are necessary to present fairly the financial position of the Company as of June
30, 2009 and December&nbsp;31, 2008, and the results of operations and cash flows for the quarters and
six months ended June&nbsp;30, 2009 and 2008. The results of operations for the quarter and six months
ended June&nbsp;30, 2009 are not necessarily indicative of the results that may be expected for the
entire fiscal year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Operations</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Brookside Technology Holdings Corp., (the &#147;Company&#148;), is the holding company for Brookside
Technology Partners, Inc., a Texas corporation (&#147;Brookside Technology Partners&#148;), US Voice &#038; Data,
LLC, an Indiana Limited Liability Company (&#147;USVD&#148;), Standard Tel Acquisitions, Inc, a California
Corporation (&#147;Acquisition Sub&#148;), Trans-West Network Solutions, Inc., (&#147;Trans-West&#148;), a California
Corporation and Standard Tel Networks, LLC, a California Limited Liability Company (&#147;STN&#148;) and all
operations are conducted through these wholly owned subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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, as the
2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> largest MITEL dealer, is recognized 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
converged voice, video and data networks that help businesses increase efficiency and optimize
revenue opportunities, critical for success in today&#146;s competitive business environment.
Specializing in selling, designing, analyzing and implementing converged Voice over IP (VoIP), data
and wireless business communications systems and solutions for commercial and state/government
organizations of all types and sizes in the United States, the Company has offices that provide a
national footprint. Headquartered in Huntington Beach, California, STN has offices in the San
Francisco Bay Area, Sacramento, and San Diego. Headquartered in Austin, Texas, Brookside Technology
Partners serves the Texas market. Headquartered in Louisville, Kentucky, USVD serves the Kentucky
and Southern Indiana markets, operating out of offices in Louisville, Lexington and Indianapolis.
Combined, revenues from new implementations represent approximately 50% of the Company&#146;s revenues
with the remaining 50% generated by service, support, maintenance and other recurring revenues from
our existing customer base.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">The Company does not believe that the Nortel bankruptcy materially impacted its first and second
quarter results of operations and does not believe it will have a material impact on future
revenues. As a percentage of total sales, Nortel represents the least amount of products sold. Only
Brookside Technology Partners, Inc., the Company&#146;s subsidiary in Texas, sells Nortel. Further,
Nortel products remain available to the Company notwithstanding the bankruptcy. Additionally, while
Brookside Technology Partners, Inc. has and will continue to support existing Nortel customers with
Nortel products, it can transition new and future customers to Mitel and NEC products.</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Note 2 &#151; Liquidity and Capital Resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These consolidated financial statements have been prepared on a going concern basis, which
contemplates the realization of assets and settlement of obligations in the normal course of
business. The Company generated significant net losses in the prior three fiscal years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has cash and cash equivalents of $<STRIKE>1,087,872</STRIKE><U style="border-bottom: 1px solid #000000">692,678</U> at June&nbsp;30, 2009.
Additionally, effective August&nbsp;13, 2009, the Company and its senior creditor, Chatham Credit
Management III, LLC (&#147;Chatham&#148;), further updated its letter agreement dated May&nbsp;29, 2009 pursuant
to which, among other things, Chatham agreed, for the period July&nbsp;31, 2009 through June&nbsp;30, 2010 to
suspend the Company&#146;s compliance of the minimum fixed charge coverage ratio and maximum leverage
ratio contained in the credit agreement. The Company is in full compliance with its financial
covenants under this agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, effective June&nbsp;1, 2009, the Company entered into a Securities Purchase Agreement with
Vicis Capital Master Fund, a sub-trust of Vicis Capital Series&nbsp;Master Trust, and the Company&#146;s
largest preferred stockholder (&#147;Vicis&#148;), pursuant to which Vicis invested an additional $1,000,000
in the Company and the Company issued to Vicis 1,000,000 shares of the Company&#146;s Series&nbsp;A
Convertible Preferred Stock and a warrant to purchase 100,000,000 shares of Common Stock at an
exercise price of $0.01 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company sustained a loss for the three months and six months ended June&nbsp;30, 2009 of
approximately $1.0&nbsp;million and $2.4&nbsp;million, respectively, and has a retained deficit of
approximately $19.9&nbsp;million. These losses were primarily due to the amortization expense related
to the accounting treatment of warrants issued in connection with the debt raised to fund the USVD
acquisition. For the six months ended June&nbsp;30, 2009, the Company had net cash used in operations
of approximately, $1&nbsp;million. Historically, the Company has relied on borrowings and equity
financings to maintain its operations. The Company believes it has enough cash to operate for the
coming year with its cash on hand, cash to be generated from operations and the borrowing
availability on its credit lines. However, the recent economic downturn could have a material
effect on its business operations. The accompanying consolidated financial statements do not
include any adjustments relating to the recoverability and classification of asset carrying amounts
or the amount and classification of liabilities that might result should the Company be unable to
continue as a going concern.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management is focused on managing costs in line with estimated total revenues for the balance of
fiscal 2009 and beyond, including contingencies for cost reductions if projected revenues are not
fully realized. However, there can be no assurance that anticipated revenues will be realized or
that the Company will successfully implement its plans. Additionally, the Company is in discussions
with its senior and subordinated lender regarding obtaining additional financing to execute its
business plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Note 3 &#151; Significant Accounting Policies</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The accounting and reporting policies of the Company conform to U.S. generally accepted accounting
principles (GAAP)&nbsp;and to the practices within the telecommunications industry. There have been no
significant changes in the Company&#146;s significant accounting policies during the three and six
months ended June&nbsp;30, 2009 compared to what was previously disclosed in the Company&#146;s Annual Report
on 10-K for the year ended December&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Principles of Consolidation</U><BR>
The consolidated financial statements include the accounts of Brookside Technology Holdings Corp.
and its wholly-owned subsidiaries, certain of which are Brookside Technology Partners, Inc., US
Voice &#038; Data, LLC, an Indiana Limited Liability Company, Standard Tel Acquisitions, Inc a
California Corporation, Trans-West Network Solutions, Inc, a California Corporation and Standard
Tel Networks, LLC, a California Limited Liability Company. All significant intercompany balances
and transactions have been eliminated in consolidation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Cash Equivalents </U><BR>
For purposes of the statements of cash flows, the Company considers short-term investments, which
may be withdrawn at any time without penalty, and restricted cash, which will become available
within <U style="border-bottom: 1px solid #000000">three months</U> <STRIKE>one year</strike> from the date of the condensed consolidated financial statements, to be cash
equivalents.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Liquidity and Capital Resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has cash and cash equivalents of $<U style="border-bottom: 1px solid #000000">692,678</U><STRIKE>1,087,872</STRIKE> at June&nbsp;30, 2009.
Additionally, effective August&nbsp;13, 2009, the Company and its senior creditor, Chatham Credit
Management III, LLC (&#147;Chatham&#148;), further updated its letter agreement dated May&nbsp;29, 2009 pursuant
to which, among other things, Chatham agreed, for the period July&nbsp;31, 2009 through June&nbsp;30, 2010 to
suspend the Company&#146;s compliance of the minimum fixed charge coverage ratio and maximum leverage
ratio contained in the credit agreement. The Company is in full compliance with its financial
covenants under this agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, effective June&nbsp;1, 2009, the Company entered into a Securities Purchase Agreement with
Vicis Capital Master Fund, a sub-trust of Vicis Capital Series&nbsp;Master Trust, and the Company&#146;s
largest preferred stockholder (&#147;Vicis&#148;), pursuant to which Vicis invested an additional $1,000,000
in the Company and the Company issued to Vicis 1,000,000 shares of the Company&#146;s Series&nbsp;A
Convertible Preferred Stock and a warrant to purchase 100,000,000 shares of Common Stock at an
exercise price of $0.01 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company sustained a loss for the three months and six months ended June&nbsp;30, 2009 of
approximately $1.0&nbsp;million and $2.4&nbsp;million, respectively, sustained losses in 2008 and 2007 and
has a retained deficit of approximately $19.7&nbsp;million. These losses were primarily due to the
amortization expense related to the accounting treatment of warrants issued in connection with the
debt raised to fund the USVD acquisition. For the six months ended June&nbsp;30, 2009, the Company had
net cash used in operations of $1,032,626. Historically, the Company has relied on borrowings and
equity financings to maintain its operations. The Company believes it has enough cash to operate
for the coming year with its cash on hand, cash to be generated from operations and the borrowing
availability on its credit lines. However, the recent economic downturn could have a material
effect on its business operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company intends to acquire other similar companies and will require additional funds either
through borrowings or by raising additional equity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;4T. Controls and Procedures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Disclosure Controls and Procedures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our management, including our Chief Executive Officer and Chief Financial Officer (our Principal
Executive Officer and Principal Financial Officer), has evaluated our disclosure controls and
procedures (as defined in Rules&nbsp;13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as
amended), as of the period ended June&nbsp;30, 2009, the period covered by this Quarterly Report on Form
10-Q. Based upon that evaluation, our principal executive officer and principal financial officer
have concluded that our disclosure controls and procedures were not effective as of June&nbsp;30, 2009
to ensure the timely collection, evaluation and disclosure of information relating to our company
that would potentially be subject to disclosure under the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder is recorded, processed, summarized
and reported within the time periods specified in Securities and Exchange Commission rules and
forms. <U style="border-bottom: 1px solid #000000">This is based on the following two extraordinary events:</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><U style="border-bottom: 1px solid #000000">(1)</U></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U style="border-bottom: 1px solid #000000">As disclosed in Note 2 to the Financial Statements, the Company was not in
compliance with the leverage ratio imposed by the Chatham Senior Loan in the first
quarter of 2009. The Company&#146;s management and board of directors devoted a significant
amount of time to the negotiation of a modification to the ratio requirement and to the
impact the Company&#146;s non-compliance was having on its liquidity. As further disclosed
in Note 2 to the Financial Statements, effective August&nbsp;13, 2009, among other things,
Chatham agreed to suspend the Company&#146;s obligation to comply with the leverage and debt
coverage ratios for the period July&nbsp;31, 2009 through June&nbsp;30, 2010.</U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><U style="border-bottom: 1px solid #000000">(2)</U></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U style="border-bottom: 1px solid #000000">On May&nbsp;12, 2009, Messers. Fischer and Diamond ceased working for the USVD,
alleging that their employment was &#147;constructively terminated&#148; and that their
non-competition agreements were null and void. Shortly thereafter, several other USVD
employees resigned from USVD and went to work for a new company, which the Company
believes is owned by Messers. Fischer &#038; Diamond and/or some of their family members,
either directly or indirectly. This new company shortly thereafter began soliciting
the Company&#146;s vendors and customers. As a result, management and the board of
directors were required to personally devote a significant amount of time and effort to
stabilize the situation at USVD.</U></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U style="border-bottom: 1px solid #000000">As a result of the foregoing unique demands incurred in 2009, the audit committee and
management were not able to perform in a complete manner the disclosure controls and procedures in
order to determine that such disclosure controls and procedures were effective for the quarter
ended June&nbsp;30, 2009.</U>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>BROOKSIDE TECHNOLOGY HOLDINGS CORP<BR>
CONSOLIDATED STATEMENT OF CASH FLOWS<BR>
For the Six Months Ended June&nbsp;30, 2009 and 2008<BR>
Unaudited</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="1" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM OPERATING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(2,360,202</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(3,673,323</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Adjustments to reconcile net loss to net
cash used in operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66,809</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Amortization of loan discounts and intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">993,387</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,670,524</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Non-cash interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">232,544</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518,069</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Loss on disposal of fixed assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,717</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Bad debt expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Stock based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(Increase) decrease in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">587,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(714,549</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Inventory</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(259,418</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(283,631</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Deferred contract costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(526</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Prepaid expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16,753</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(23,700</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Deposits and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(58,132</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(54,418</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Increase (decrease)&nbsp;in:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts payable and accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(195,592</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">754,624</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued payroll liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(146,344</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,166</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Billings in excess of revenues</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107,522</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">209,928</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(160,000</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,966</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59,790</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,327,576</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,219,006</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH USED IN OPERATING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,032,626</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(454,317</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM INVESTING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisition of equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(43,174</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(83,912</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Cash used for restricted cash</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(26,528</U></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Cash used for cash collateral</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(233,334</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><U style="border-bottom: 1px solid #000000">Cash provided by cash collateral</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,238,903</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deposits and other assets related to the acquisition of Standard Tel Networks, LLC (&#147;STN&#148;)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65,000</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Acquisition of US Voice &#038; Data, LLC (&#147;USVD&#148;) additional EBITDA Earnout</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(61,634</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B><U style="border-bottom: 1px solid #000000">874,233</U></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(148,912</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH FLOWS FROM FINANCING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from long term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">464,891</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,958,275</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proceeds from issuance of Series&nbsp;A preferred stock, net of issuance costs of $70,000</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">930,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Repayment of long term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,379,345</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,309,073</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>NET CASH PROVIDED BY FINANCING ACTIVITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,546</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>649,202</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">NET INCREASE (DECREASE)&nbsp;IN CASH</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">(142,847</U></TD>
    <TD nowrap><U style="border-bottom: 1px solid #000000">)</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,973</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><U style="border-bottom: 1px solid #000000">835,525</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,846</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CASH AND CASH EQUIVALENTS AT END OF PERIOD</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B><U style="border-bottom: 1px solid #000000">$</U></B></TD>
    <TD align="right"><B><U style="border-bottom: 1px solid #000000">692,678</U></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><B>$</B></TD>
    <TD align="right"><B>233,819</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SUPPLEMENTAL DISCLOSURE</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(364,690</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">679,711</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(17,147</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-cash financing and investing activities
Accretion of preferred stock dividend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">488,524</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">83,936</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued interest added to note payable balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">503,893</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Cashless exercise of warrants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Warrant value and beneficial conversion feature assigned from Vicis Series&nbsp;A preferred issuance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">930,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Conversion of series A preferred stock to common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20,026</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">260,328</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 4pt">See accompanying notes to these unaudited consolidated financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
