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Convergence Technologies Group Incorporated Continues Growth with Further Contract Renewals and an Exclusive Distribution Agreement with Sennheiser

STAFFORD, England, Oct 14, 2008 (BUSINESS WIRE) -- Convergence Technologies Group Inc's (Pink Sheets:CNVG) UK subsidiary Voice 2 Voice Limited continues to accelerate its growth with Support Contract Renewals. The latest contracts have been signed with the largest European food company. Their business philosophy is to work in partnership with their key customers to deliver a product of the highest quality and integrity. They have chosen to renew their Support Contract in line with the acquisitions that have been made within their group, with these new sites requiring integration into the existing backbone supplied by Convergence Technology Group Inc.
During 2008, Convergence Technology Group Inc has doubled its contracts within Government agencies and with contract renewals and extensions, has increased revenue 200% above target with the Group now surpassing $3m revenue contracted for the next 3 years.

This week, Sennheiser UK have chosen Convergence Technologies Group Inc as exclusive Distributor to the Splicecom Channel. Sennheiser Communications offers a world renowned a product range of integrated headset solutions for professional telecommunications and multimedia applications. Their premium telecom products serve to increase the efficiency of communication in contact centers and office environments globally. Through this agreement, Convergence can now offer exclusively this product range to the existing and contracted Sennheiser customers, managing new contracts, extensions and renewals and in one move, significantly expanding the total customer base exclusively available to Convergence Technology Group Inc.

http://www.sennheiser.com/uk/icm_senncom.nsf/root/products_office

CEO Warren Stroud comments: "Our vision is as strong as ever. Our customers are happy and this shows in the renewal in Support Contracts which add stability in the future plans for the group. The agreement with Sennheiser as Distributor for the Splicecom Channel adds extra dimensions to our offering and the exclusive agreement demonstrates the true value that Convergence offers the major players in the Telecoms market. Furthermore, agreements with such high profile partners will expose Convergence to a global audience which will increase and accelerate our already strong revenue growth."

ENDS

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


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


Convergence Technologies Group Incorporated Secures Support Contract with Cambridge University Press

STAFFORD, England, Sep 02, 2008 (BUSINESS WIRE) -- Convergence Technologies Group Inc (Pink Sheets:CNVG) UKsubsidiary Voice 2 Voice Limited secures Support/Maintenance Contract with Cambridge University Press worth $30,000 per Annum.
Cambridge University Press publishes the finest academic and educational writing from around the world. As a department of the University of Cambridge, its purpose is to further the University's objective of advancing knowledge, education, learning, and research. Cambridge is not just a leading British publisher, it is the oldest printer and publisher in the world and one of the largest academic publishers globally.

Voice 2 Voice have already been instructed to develop connectivity between their existing telephone system and Cisco Call Manager at Cambridge University.

CEO Warren Stroud comments: "There are 3 divisions within Voice 2 Voice Limited, Hardware Sales, Support/Maintenance and Network Services. Revenues in the Support/Maintenance division have already exceeded targets for 2008 and will have a positive effect on attracting the more complex customer looking for a systems integrator and maintainer of bespoke voice and data solutions."

For more information please visit: www.convergencetechnologygroup.com

ENDS

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




CONTACT:
Convergence Technologies Group Warren Stroud, [phone]
Copyright Business Wire 2008
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