Convergence Technology Group, Inc. (CNVC.PK)

Posted: Tue Feb 03, 2009 2:26 pm

Convergence Technology Group, Inc. provides publicly traded companies with the tools and support needed to effectively address the challenges that they face. Since inception, the company has focused exclusively on microcap companies. By maintaining this focus, they have developed an acute attentiveness of their needs and the obstacles they face.

As an Advisory Management Consulting Firm, the company focuses on educating management about their own functionality, and understanding the intricacies of the capital markets where they trade. The process of building shareholder value depends greatly on understanding how the markets work in the microcap arena, and the street's definition of the word “value.”

Convergence Technology has also developed the resources necessary to bring quality investment banking services to microcap companies. They provide a full range of Capital Services, including financial advisory services related to mergers, acquisitions, restructuring and recapitalizations. By focusing solely on microcap companies, the company can deliver comprehensive financial advice and funding strategies to management teams with sound long-term goals.

President and CEO Domino Mocharski has established a reputation for thinking innovatively and developing creative entrepreneurial strategies. He has experience working in the securities industry and has been active as a private investor for several years in various private/public ventures. Mocharski’s role in business development has aided in the successful increase of shareholder equity for many companies.

Posted: Fri Feb 06, 2009 5:10 pm

Convergence Technologies Inc. (CNVC.PK) CEO Announces Change of Focus

Today after the closing bell, Warren Stroud, President and CEO of Convergence Technologies Inc., issued the following letter to shareholders:

Dear Shareholders:

After taking a close look at our strengths and weaknesses, we came to the conclusion that we were not fully utilizing our major assets - our management team and our public company. Realizing this, we have modified our business plan.

Convergence Technologies Inc. will be changing its focus from being a vertically-integrated voice to voice company to becoming a conglomerate with a voice to voice division. We are now actively involved in a number of non-telephony related ventures, which will be announced in future releases.

Our primary reason for making the modification was to ensure that we build shareholder equity for our stockholders. It is our objective this year to take steps to list on a Nationally Recognized Exchange.

Our interest is to apply for the NYSE Alternext, formerly known as the American Stock Exchange, which will require us to meet minimum listing requirements. Notable benefits of the NYSE Alternext are improved liquidity, better access to capital markets, and more visibility.

Moving forward, management will be working very hard to make this enterprise a strong, profitable venture.

Sincerely,
Warren Stroud
President and CEO

Posted: Tue Feb 10, 2009 10:06 am

Convergence Technologies, Inc. (CNVC.PK) Announces Acquisition of Merchant Banking Group

Today shortly before the opening bell, Convergence Technologies announced its acquisition of Bookkeeper International Equities Corp in an all stock transaction. Bookkeeper International Equities Corp, a private Merchant Banking Group, provides merger & acquisition advisory services, investor relations, and corporate finance consulting services to microcap issuers.

As stated in the terms of the acquisition, Warren Stroud will be stepping down from his duties as Chief Executive to concentrate his efforts on the voice to voice division. The new CEO, Domino Mocharski, is dedicated to increasing shareholder equity and meeting the minimum listing requirements of a Nationally Recognized Exchange.

Mr. Mocharski commented, “In an effort to continue to build shareholder equity, Convergence Technologies, Inc. will be expanding its reach to provide business consulting and corporate finance advisory services to other microcap issuers. These microcap opportunities are typically either in operational or financial difficulty and may need corporate restructuring, merger & acquisition advisory services, and/or bridge financing. They typically face market awareness issues, as well as an inability to attract corporate financing, and require the help of serious, experienced managers to restructure and turnaround their public company operations in an expedient manner.”

He continued, “We will be generally compensated with a combination of cash payments on a case-by-case basis, and outright grants of equity in the form of common stock and warrants for purchasing the common stock of the public company. We believe this compensation plan aligns our interests with the client company’s shareholders because our ultimate compensation is maximized by successfully increasing shareholder equity. Naturally our own intent is also to increase shareholder equity in Convergence as we crystallize our services. A new website is currently being created to define our past and present business interests.”

Posted: Mon Feb 23, 2009 12:22 pm

Convergence Technologies, Inc.’s (CNVC.PK) Recent Acquisition of Merchant Banking Group

Earlier this month, Convergence Technology announced that it has completed the acquisition of Bookkeeper International Equities Corp. Bookkeeper is an innovative Merchant Banking Firm primarily focused on providing structured financing and comprehensive banking solutions to underexposed and undervalued companies.

Founded in 2006 as a closed-ended Private Fund & Management Merchant Consortium Bank, Bookkeeper Int’l Equities’ objective is to assist Small and Micro-cap Companies with a comprehensive slate of services, including; Investment Banking, Debt & Equity, Bridge Financing, Equity Debt Lines, Business Consulting and Investor Relations. While other hedge funds & merchant banks have recently exited the world of Corporate Finance, this Merchant Banking Firm continues to see great opportunity in raising capital in the smaller public markets.

From initial private and public capital transactions to follow-on offerings, strategic consulting engagements and mergers and acquisitions, the company facilitates the execution of business plans that yield superior investment returns over the medium to long-term time horizon. Bookkeeper only chooses premier, under-investigated names with absolute financial potential.