Convergence Technologies Group Outlines Recession-Proof Business Strategies and Company Direction for 2009

VANCOUVER--(BUSINESS WIRE)--Convergence Technologies Group, Inc. (Pink Sheets: CNVC) provides their client companies with the tools and support to effectively address the challenges that pervade the micro-cap market with a concentration on Merchant Banking. The company recently acquired Bookkeeper International Equities Corp., a private Merchant Banking Group that provides merger & acquisition advisory services, investor relations, and corporate finance consulting services to microcap issuers. Today, the company reveals an overview of information regarding the microcap industry and meeting the challenges microcap companies face.
Convergence Technology Group was founded on the principal that micro and small cap publicly traded companies are faced with the mandate of financing and operating two sub-businesses: the business of the operating company, and the business of the public company. Each of these aspects of the public company is equally important. The company’s mission is to provide the services, strategies and support to public companies in the business of being public. As such, the need for such service is virtually recession-proof. As each public company addresses their operational goals, their public company goals must be maintained and a particular set of challenges, or "pains" must be faced; this is particularly important for micro-cap companies.

First, micro-cap companies are typically undercapitalized. As a result, they are challenged from a manpower and resource perspective to cope with an increased level of administrative and public company communications strategies. Second, these companies are not often familiar with the challenges of the public markets or the strategies that are critical for implementation in order to address those challenges. Finally, in the micro-cap market there is a cottage industry of "consulting firms" and "boutique investment bankers" that take advantage of smaller companies seeking capital, convincing them to enter into vague debt financing consulting agreements that result in substantial dilution to the company's capital structure and frequently yielding little in the form of results.

Convergence Technology Group meets these challenges by providing client companies with the tools and support necessary to effectively overcome. In particular, the company provides administrative and consulting support to keep client costs in line during the preparation period while access to capital markets, either through private means or through a public offering, is secured.

In many cases, Convergence Technology Group develops corporate communications and public awareness strategies designed to maximize visibility amongst penny-stock investors and to expand their clients’ shareholder base. By utilizing agency-level collateral materials and a web presence, Convergence Technology Group takes advantage of the Internet to market their client’s business to vendors and shareholders alike. These services add tangible value to customers and better position them to accelerate their business plan to growth and profitability. In turn, proper positioning yields the most effective tactics to maximize their shareholder value as well as mitigate the risks posed by the aforementioned challenges along the way. Demand for such services has increased as more publicly traded companies are cutting costs and scrutinizing publication strategies.

Convergence Technology Group intends to reveal in-depth information on each of their business directives in the upcoming weeks. The detailed analysis will cover a wide range of integral company functions.

About Convergence Technologies Group, Inc.

Convergence Technologies Group, Inc. is founded on the principle that micro-cap publicly traded companies are faced with the mandate of financing and operating two sub-businesses: the business of the operating company, and the business of the public company. Both of these aspects of the public company are equally important to get right, and Convergence’s mission is to provide the services, strategies and support to public companies in the business of being public. These services are in a constant state of demand despite prevailing market conditions. Convergence Technologies Group, Inc. has made a commitment to their shareholders and plans to unveil important news and information on the company and their strategies to increase shareholder value.