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CNVG News out on pinks !

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=CNVG



Convergence Technologies Group IncorporatedNetwork Services Division Hit $100k Recurring Revenue Mark

STAFFORD, England, Aug 26, 2008 (BUSINESS WIRE) -- Convergence Technologies Group Inc UK (Pink Sheets:CNVG) subsidiary Voice 2 Voice Limited reports recurring revenues in their Network Services Division have hit the $100k mark.
Voice 2 Voice have invested heavily into a next-generation network which is based on the latest MPLS- enabled IP-VPN technology enabling them to connect together any locations, whatever their size or geographical spread, into a secure private network. This IP-VPN does not use the public internet even for access links to home workers.

Plans to expand this side of the business has already been actioned and will incorporate PSTN Line Rental and Call Spend.

CEO Warren Stroud comments on the continued success of the Group "I am proud to be part of a business that continues growing in today's economic climate. Our aim is to increase these revenues 3 fold by this time next year.".

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.

SOURCE: Convergence Technologies Group Inc UK



CONTACT:
Convergence Technologies Group Warren Stroud, [phone] www.convergencetechnologygroup.com
Copyright Business Wire 2008
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KEYWORD: United Kingdom
Europe
INDUSTRY KEYWORD: Technology
Networks
Telecommunications
SUBJECT CODE: Economic News/Analysis