Brookside Technology Holdings Corp (BKSD.OB) is focused on leading the industry of global managed communication services. Through its wholly-owned subsidiaries, the company designs, sells and implements Voice-over-Internet Protocol (VoIP), data, video and Wireless (Wi-Fi) business communications solutions. Brookside is also able to provide converged turnkey voice and data solutions for businesses and government agencies.
The Company is an Authorized Nortel Premium Partner and skillfully uses Nortel products. The Company is one of a few that participate in Nortel’s Go DIRect program in Texas. This program allows local government agencies and school districts to avoid the extensive bid process for voice and data systems by providing an integrated product offering. Besides its time-honored relationships with NEC, Inter-Tel and Nortel, Brookside also has partnerships with LifeSize, WatchGuard, SinglePoint Solutions, Datacom and Tamco.
In October of last year, the Company entered an agreement with SinglePoint Solutions which specifies that Brookside will provide SinglePoint’s telecommunications consulting services. In addition, through a recent agreement with Datacom, Brookside is now capable of offering Datacom Warranty Corporation’s Bronze Warranty™ services through each of its subsidiaries.
The analyst who completed the report stated, “Our target price for Brookside is determined by multiplying our 2008 revenue estimate of $23 million by the peer group average three times forward Price/Sales multiple. This analysis suggests a $69 million market capitalization and $0.85 target price is a fair value for Brookside. As a result, we are initiating coverage of Brookside Technology Holding Corp. with a Speculative Buy rating and a $0.85 target price.”
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