Welcome all and good luck. Looking at the Corporate Overview it seems very well presented. I like the fact that they are already profitable. Too many Pinks come out stating how much money they are going to make, these guys are showing their financials and their forecasts and are backed up by a detailed sale pipeline. Todays PR Convergence Technologies Group Inc. Launches to Pink Sheets With $1.758M Sales Pipeline
LONDON, August 7 /PRNewswire-FirstCall/ -- Convergence Technologies Group Inc. today debuts onto the Pink Sheets OTC (OTC: CNVG) with an established sales pipeline currently valued at $1.758M. Centred on UK subsidiary Voice 2 Voice Limited, Convergence Technology Group Inc are leaders in the field of Converged Communications Technology, delivering flexible and efficient communication strategies and equipment to companies on a local, national and international level. Established in 2003 by CEO Warren Stroud, Voice 2 Voice is partnered with leading global VOIP equipment specialists, including Avaya and Splicecom. The Company has been profitable every year from inception, with rapid growth in 2007 moving the company past annual break even in June. The Pink Sheets launch coinciding with future expansion plans. Voice 2 Voice delivers design, supply, install, maintain and consultancy contracts for telecommunications and integrated voice networks. Combining telecommunications focus with a dynamic and flexible approach to meeting customers' business needs has helped Voice 2 Voice build a reputation for first class service and support. Over recent years Voice 2 Voice has established a wide and prestigious customer base that includes premier organisations drawn from many sectors both public and private. Voice 2 Voice allows small and large businesses to become more professional in communicating with staff, customers and suppliers by providing a converged communications service for data, voice, video, mobile and line of business applications. Voice 2 Voice brief summary: - Designs, supplies, installs, maintains and consults on specialist Converged communications systems for voice, date, mobile, video and line of business applications - Profitable every year since inception. - Voice 2 Voice turnover forecast to grow 58% July 2007 - September 2007, further 89% growth October 2007 - December 2007. - Negligible debt, total of $35,833.56. - Sales pipeline currently valued at $1.758M - IDC Western European VOIP Applications forecast for Western European VOIP Market Value will be $2.25 billion by 2011. A full corporate overview including current financial and sales pipeline information is available on the Investor Relations page at http://www.convergencetechnologygroup.com For more information please visit http://www.convergencetechnologygroup.com To contact the company, please use the online contact form. This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Convergence Technologies Group Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
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