VANCOUVER--(BUSINESS WIRE)--Convergence Technologies, Inc. (Pink Sheets OTC: CNVC.PK) today announced the acquisition of Emerging Issuer. The site www.EmergingIssuer.com is an online financial destination where money managers, analysts and individual investors can go to watch and discover new and exciting investment opportunities. They are focused on finding and presenting emerging growth companies that do not have widespread analyst coverage on Wall Street. Emerging Issuer also helps build market awareness and visibility. They skillfully leverage their unique multimedia approach and offer everything one would need from an Investor/Public Relations Firm.
Domino Mocharski, CEO of Convergence Technologies Inc., said the acquisition is all part of the company’s strategic plan to build a solid Corporate Advisory Merchant Banking Firm. Emerging Issuer's revenues last year were well over $1,000,000USD and their services fit in nicely with our overall Advisory Model that we will be marketing to microcap/smallcap public companies. We are in the business of providing consulting advice, market visibility and merchant banking education to small public companies that are looking to expand their reach. This is a business that has continued to be in high demand despite worsening market conditions.
The president of Emerging Issuer, Mr. Santana, believes being part of a Merchant Banking Group rounds out their suite of services. He said, "We have always focused our energy on finding small and microcap stocks that are in position to build shareholder equity. The companies chosen to be profiled by Emerging Issuer are premier, under-investigated names with solid potential. Emerging Issuer grows simply by helping companies get visibility. When discovered by our technical writers, these companies are investigated in the fullest, with analysis of past performance as well as an eye on the future. After a comprehensive discovery, any pertinent information is sent out to a select but expansive global audience. Our Vmails (Video Emails) are updated daily to give our members a reliable source of information regarding what's next on Wall Street.”
Safe Harbor Statement
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.
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