QualityStocks would like to highlight Convergence Technologies Inc. (PINKSHEETS: CNVC). The company 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 sense of awareness to their needs and the obstacles they face.
In the company’s news Friday,
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
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
