Stock O'holics Investing University

[tjak]

More news out CNVG !
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cnvg


Convergence Technologies Group Incorporated Continues Growth with Government Agencies worth $60,000 per annum

STAFFORD, England, Oct 07, 2008 (BUSINESS WIRE) -- Convergence Technologies Group Inc (Pink Sheets:CNVG) UK subsidiary Voice 2 Voice Limited continues growth with Government Agencies. The latest contracts have been signed with two further Probation Areas for Maintenance of Telecommunication Hardware worth $60,000 per annum. This achievement means that Voice 2 Voice Limited hasincreased its projected maintenance revenue by 50% this year and is 15% above its corporate revenue target for 2008.
The National Probation Service (NPS) is a major component in reducing crime.The 21,000 staff of the NPS, split into 42 Regions/Areas, and their colleagues in other organizations who support their work, are committed to minimizing the impact of crime on communities and especially victims who have been touched by serious violent or sexually violent crimes. They are actively committed to rehabilitate offenders given community sentences and those released from prison; to enforce the conditions of their court orders and release licenses and to take whatever steps in their power to protect the public.

Following the success of implementing solutions for Nottinghamshire, Staffordshire, West Mercia, Gwent and Gloucestershire Areas and the obvious potential operational savings relating to the obsolete need for TDM Legacy equipment, as well as the operational efficiencies of the telephone system, Teeside and Sussex Areas have chosen Voice 2 Voice Limited to Maintain their existing equipment with a view of moving into the IP arena in 2009.

CEO Warren Stroud comments: "Our in-depth Sales and Technical abilities as well as exceptional customer service has led tothesefurtherGovernment agency contract awardswithin the Probation Service. Following discussionsfor a total solution,we anticipatethe remaining Areas will follow suit and have already reorganized our business model to accommodate this anticipated 125% revenuegrowth over the next two years."

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



CONTACT:
Convergence Technologies Group Warren Stroud, [phone] www.convergencetechnologygroup.com
Copyright Business Wire 2008